Improving conditions in the foodservice industry enabled The Middleby Corp. to report an approximate 28 percent earnings increase for its second quarter.
The Elgin-based maker of restaurant and foodservice equipment on Thursday said it earned $17.7 million, or 96 cents a share for the quarter ended July 3, compared with $13.7 million, or 74 cents a share, in the comparable year-ago period.
Sales for the quarter totaled $173.4 million, compared with $158.6 million a year ago. Much of the overall sales gain was the result of a 26.6 percent increase in sales at its food processing group
