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MIDDLEBY The Middleby Corporation Reports Second Quarter Results August 12 , 2021 11:00 AM EDT ELGIN , III .-- ( BUSINESS WIRE ) -- Aug . 12 , 2021-- The Middleby Corporation ( NASDAQ : MIDD ) , a leading worldwide manufacturer of equipment for the commercial foodservice , food processing , and residential kitchen industries , today reported net earnings for the 2021 second quarter of $ 120.6 million or $ 2.13 diluted earnings per share on net sales of $ 808.8 million . Adjusted net earnings were $ 116.8 million or $ 2.11 adjusted diluted earnings per share . A full reconciliation between GAAP and non - GAAP measures is provided at the end of the press release . " Our strong second quarter results reflect the ongoing recovery in our foodservice businesses with measurable progress toward our long - term growth initiatives and realized profitability improvements at all three of our business segments , " said Tim FitzGerald , CEO of The Middleby Corporation . " We continued to make investments in technology solutions to capture rapidly - evolving market trends and execute upon our strategic sales initiatives as we position for the future . " 2021 Second Quarter Financial Results • Net sales increased 71.4 % in the second quarter over the comparative prior year period . Excluding the impacts of acquisitions , a disposition and foreign exchange rates , sales increased 64.8 % in the second quarter over the comparative prior year period , reflecting improvements in market conditions and consumer demand since the initial impact of COVID - 19 . • Organic net sales ( a non - GAAP measure ) increases were reported for all segments due to improvements in market conditions and consumer demand in the second quarter of 2021. A reconciliation of reported net sales by segment is as follows : Acquisitions / ( Disposition ) Reported Net Sales Growth Foreign Exchange Rates Organic Net Sales Growth ( 1 ) ( 2 ) Commercial Foodservice Residential Kitchen 90.2 % 5.8 % 65.2 % Food Processing Total Company 71.4 % 2.2 % 4.4 % 28.0 % 1111 3.9 % 80.4 % ( 5.0 ) % 7.1 % 63.1 % 2.9 % 25.1 % 64.8 % ( 1 ) Organic net sales growth defined as total sales growth excluding impact of acquisitions , a disposition and foreign exchange rates ( 2 ) Totals may be impacted by rounding • Total backlog at the end of the second quarter of 2021 amounted to a record level of $ 994.2 million as compared to $ 522.7 million at the end of the fiscal 2020. The increase was driven by order growth , primarily at the Commercial Foodservice Group and Residential Kitchen Group , amounting to backlog levels in excess of 90 % over the prior year end when excluding backlog from businesses acquired during the year . • Adjusted EBITDA ( a non - GAAP measure ) was $ 186.2 million , in the second quarter of 2021 due to the impact of higher sales volumes and profitability initiatives . A reconciliation of organic adjusted EBITDA ( a non - GAAP measure ) by segment is as follows : Adjusted EBITDA Acquisitions Foreign Exchange Rates Organic Adjusted EBITDA ( 1 ) ( 2 ) Commercial Foodservice Residential Kitchen Food Processing Total Company 25.8 % ( 0.1 ) % 22.8 % ― % ( 0.1 ) % ( 0.1 ) % 23.3 % ― % 0.2 % 23.0 % - % - % 25.9 % 22.9 % 23.1 % 23.0 % ( 1 ) Organic Adjusted EBITDA defined as Adjusted EBITDA excluding impact of acquisitions and foreign exchange rates . ( 2 ) Totals may be impacted by rounding • Operating cash inflows during the second quarter amounted to $ 112.7 million in comparison to