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Refrigeration & Service Industry Machinery: capital spending and supply chain

SIC 3580 · 5 companies with filed cash-flow statements

Capital spending, 12 months$182M
Operating cash flow$1.1B
Capex / cash flow16%
Capex / revenue2.1%
Top 3 share75%

Analysis

5 companies in Refrigeration & Service Industry Machinery (SIC 3580) spent $182M on capital projects over their latest twelve months, 16% of the $1.1B their operations generated; the three largest spenders — ALH, MIDD, HAYW — account for 75%.

Capital spending is 2.1% of the industry's $8.7B of annual revenue.

By the industry's asset mix most of it goes to equipment (48%); about $33.6M is imported.

The largest supplier of that spending is manufacturing structures ($48.9M).

Its largest supplying industries, by the input-output tables: imports ($881M), other motor vehicle parts manufacturing ($341M), other durable goods merchant wholesalers ($280M).

Charts

Refrigeration & Service Industry Machinery: capital spending by company, latest twelve monthsRefrigeration & Service Industry Machinery: capital spending by company, latest twelve monthsALH$50.9MMIDD$48.3MHAYW$37.2MSXI$25.3MTNC$19.7M
Filed cash-flow statements (SEC XBRL).
Refrigeration & Service Industry Machinery: what the capital spending buys (US part)Refrigeration & Service Industry Machinery: what the capital spending buys (US part)Structures$50.4MEquipment$69.1MSoftware$13.6MOther$9.5M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Refrigeration & Service Industry Machinery: the industries that build and sell what it buysRefrigeration & Service Industry Machinery: the industries that build and sell what it buysManufacturing structures$48.9MMachine tool manufacturing$10.3MSoftware publishers$7.6MCutting and machine tool accessor…$7.0MSpecial tool, die, jig, and fixtu…$7.0MMaterial handling equipment manuf…$5.4MAir conditioning, refrigeration, …$5.0MOther general purpose machinery m…$4.0MMeasuring, dispensing, and other …$3.2MPlate work and fabricated structu…$3.0M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Refrigeration & Service Industry Machinery: its first-tier supplying industriesRefrigeration & Service Industry Machinery: its first-tier supplying industriesImports$881MOther motor vehicle parts manufac…$341MOther durable goods merchant whol…$280MManagement of companies and enter…$225MIron and steel mills and ferroall…$159MAir conditioning, refrigeration, …$148MMotor vehicle metal stamping$140MTurned product and screw, nut, an…$123MMotor vehicle and motor vehicle p…$119MHousehold appliances and electric…$114M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Refrigeration & Service Industry Machinery: where the industry's cash came from (+) and went (−)Refrigeration & Service Industry Machinery: where the industry's cash came from (+) and went (−)Buybacks−$1.2BOperating cash flow$1.1BNet debt repaid−$857MCash drawn from the balance s…$626MOther investing (in)$622MOther financing (in)$557MOther financing (out)−$523MOther investing (out)−$240MNet borrowing$222MCapital spending−$182MPaid to partners−$66.0MAcquisitions−$49.5MDividends−$37.9MCash added to the balance she…−$18.2M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
ALH Alliance Laundry Holdings$50.9M$307M17%TTM to Q2 2026
MIDD Middleby$48.3M$530M9%TTM to Q2 2026
HAYW Hayward Holdings$37.2M$199M19%TTM to Q3 2026
SXI Standex International$25.3M$88.3M29%TTM to Q1 FY27
TNC Tennant$19.7M−$100K—TTM to Q3 2026

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
HAYWPOOL33%Stated in 10-K (sentence)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.