Earnings summaries and quarterly performance for MIDDLEBY.
Executive leadership at MIDDLEBY.
Board of directors at MIDDLEBY.
Research analysts who have asked questions during MIDDLEBY earnings calls.
Brian McNamara
Canaccord Genuity - Global Capital Markets
5 questions for MIDD
Also covers: CENT, COOK, DRVN +11 more
Jeffrey Hammond
KeyBanc Capital Markets
5 questions for MIDD
Also covers: AOS, ETN, GGG +19 more
TZ
Tami Zakaria
JPMorgan Chase & Co.
5 questions for MIDD
Also covers: ADM, AGCO, ALSN +23 more
WL
Walter Liptak
Seaport Research Partners
5 questions for MIDD
Also covers: CMCO, FELE, FSS +12 more
SB
Saree Boroditsky
Jefferies
4 questions for MIDD
Also covers: AOS, APH, CSL +15 more
MD
Mircea Dobre
Robert W. Baird & Co.
3 questions for MIDD
Also covers: AGCO, ALG, ASTE +15 more
Joseph Grabowski
Robert W. Baird & Co.
2 questions for MIDD
Also covers: ASTE, BRC, LECO +1 more
TT
Tim Thein
Raymond James Financial
2 questions for MIDD
Also covers: AGCO, ALSN, CMI +10 more
RS
Ross Sparenblek
William Blair & Company
1 question for MIDD
Also covers: ELAN, EPAC, JBT +7 more
TT
Timothy Thein
Raymond James
1 question for MIDD
Also covers: AGCO, ALSN, CAT +14 more
Recent press releases and 8-K filings for MIDD.
Middleby Completes Sale of Residential Kitchen Business Stake and Announces Share Repurchases
MIDD
M&A
Share Buyback
New Projects/Investments
- The Middleby Corporation completed the sale of a 51% stake in its Residential Kitchen business to 26North Partners LP on February 2, 2026.
- Middleby received approximately $540 million in cash proceeds and holds a $135 million seller note from the joint venture.
- This transaction, along with a planned spin-off of the Food Processing business, is intended to transform Middleby into a pure-play commercial foodservice equipment company.
- In anticipation of the proceeds, Middleby repurchased 1.5 million shares for $218 million during Q4 2025, resulting in approximately $720 million returned to shareholders in 2025 and a 9% reduction in shares outstanding.
- An additional $152 million in stock was repurchased in January 2026.
2 days ago
Middleby's Residential Kitchen Unit Acquired by 26North and Rebranded
MIDD
M&A
New Projects/Investments
- 26North Partners LP has completed the acquisition of a controlling interest in Middleby’s Residential Kitchen business.
- The acquired business has been rebranded as Composition Brands, operating as an independent platform.
- Middleby will retain a significant non-controlling ownership stake in the joint venture.
- Composition Brands' portfolio includes premium and ultra-luxury residential kitchen and outdoor living brands such as Viking, AGA, Rangemaster, La Cornue, Lynx, and U-Line.
2 days ago
Middleby Completes Sale of 51% Stake in Residential Kitchen Business
MIDD
M&A
Share Buyback
- Middleby completed the sale of a 51% stake in its Residential Kitchen business to 26North, transforming the company into a pure-play commercial foodservice leader.
- The transaction provided Middleby with approximately $540 million in cash proceeds and a $135 million seller note.
- The cash proceeds will primarily be used for share repurchases and capital structure optimization.
- Middleby returned approximately $720 million to shareholders in 2025, including repurchasing 1.5 million shares for $218 million in Q4 2025, and an additional $152 million in January 2026, resulting in a 9% reduction in shares outstanding in 2025.
- Starting in Q4 2025, the Residential Kitchen business will be reported as a discontinued operation.
2 days ago
Middleby Sells Majority Stake in Residential Kitchen Business
MIDD
M&A
New Projects/Investments
- Middleby Corporation has agreed to sell a 51% controlling stake in its Residential Kitchen business to affiliates of 26North Partners LP for $885 million, while retaining a 49% non-controlling interest in the new joint venture.
- This transaction is a key step in Middleby's transformation into a pure-play commercial foodservice company, with a planned spin-off of its Food Processing segment in the first half of 2026.
- Middleby expects to receive approximately $540 million in upfront cash proceeds and a $135 million seller note from the joint venture, enabling investment in shareholder return initiatives.
- The transaction is anticipated to close in the first quarter of 2026, pending regulatory approvals.
- The commercial foodservice segment, which Middleby is focusing on, reported $2.38 billion in annual revenue and $654 million in Adjusted EBITDA in 2024.
Dec 4, 2025, 1:57 PM
Middleby to Sell Majority Stake in Residential Kitchen Business
MIDD
M&A
New Projects/Investments
- Middleby (MIDD) announced an agreement to sell a 51% stake in its Residential Kitchen business to affiliates of 26North Partners LP, valuing the business at $885 million.
- The company will receive approximately $540 million in upfront cash proceeds and hold a $135 million seller note, while retaining a 49% non-controlling interest in the new joint venture.
- This transaction, along with the previously announced spin-off of the Food Processing business, is intended to transform Middleby into a pure-play commercial foodservice leader.
- The commercial foodservice platform reported $2.38 billion in 2024 annual revenue and $654 million in Adjusted EBITDA.
- The transaction is expected to close in the first quarter of calendar year 2026.
Dec 4, 2025, 1:30 PM
Middleby Announces Residential Joint Venture with 26 North
MIDD
M&A
Share Buyback
- Middleby has announced a residential joint venture with 26 North to optimize its portfolio and unlock shareholder value.
- 26 North will acquire a 51% stake in Middleby's residential business at a valuation of $885 billion.
- Middleby will receive approximately $540 million of upfront cash proceeds and a $135 million note from the joint venture, while retaining a 49% stake. The company plans to use the significant upfront cash proceeds to repurchase shares.
- The transaction is expected to close in the first quarter of calendar year 2026. Following the transaction, the remaining Middleby Corporation is projected to have substantially higher margins, with adjusted EBITDA margins above 20% for its commercial food service and food processing segments.
Dec 4, 2025, 1:30 PM
Middleby Announces Residential Joint Venture with 26 North
MIDD
M&A
Share Buyback
- Middleby announced a residential joint venture with 26 North, where 26 North will acquire a 51% stake in Middleby's residential business at a valuation of $885 billion.
- Middleby will receive approximately $540 million of upfront cash proceeds and a $135 million note from the joint venture, while retaining a 49% stake in the business. The note has a maturity of just over five years and a blended interest rate of approximately 1%.
- The transaction is expected to close in the first quarter of calendar year 2026, with the residential business to be deconsolidated from Middleby's financial statements beginning in the fourth quarter.
- The strategic rationale for the transaction includes unlocking shareholder value, optimizing the portfolio, and positioning the remaining commercial food service and food processing segments for equity revaluation. Middleby plans to use the significant upfront cash proceeds to repurchase shares.
- Following the transaction, the remaining Middleby Corporation is expected to have substantially higher margins, with both remaining businesses achieving adjusted EBITDA margins above 20%.
Dec 4, 2025, 1:30 PM
Middleby Sells Majority Stake in Residential Kitchen Business
MIDD
M&A
Share Buyback
New Projects/Investments
- Middleby announced it will sell a 51% stake in its Residential Kitchen Business to 26North at a total enterprise valuation of $885 million.
- The company expects to receive approximately $540 million in cash and will hold a $135 million seller note to the joint venture, with the transaction anticipated to close in Q1 2026.
- This strategic move aims to deconsolidate Residential Kitchen financials and optimize Middleby's capital structure, with proceeds available for share repurchases ahead of the Food Processing spin-off.
- The Residential Kitchen business is forecasted to generate $67 million in EBITDA for 2025.
Dec 4, 2025, 1:30 PM
North America Barbeque Grill Market Expected to Reach $3.67 Billion by 2033
MIDD
M&A
Product Launch
Revenue Acceleration/Inflection
- The North America Barbeque Grill Market is projected to grow from US$ 2.6 billion in 2024 to US$ 3.67 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 3.92% from 2025 to 2033.
- This market expansion is primarily driven by modernizing lifestyles, the increasing popularity of outdoor living and entertainment, rising disposable incomes, and technological advancements such as smart temperature controls and connectivity features.
- Key challenges for the market include high product costs, maintenance requirements, price competition, raw material volatility, and environmental concerns related to emissions.
- Recent developments in the market include the May 2025 merger of Weber and Blackstone Products, with Roger Dahle appointed CEO of the combined entity, and Recteq's introduction of the X-Fire Pro pellet grill in April 2025.
Nov 28, 2025, 9:08 AM
Middleby Reports Q3 2025 Results with Significant Impairment Charge and Strategic Actions
MIDD
Earnings
Guidance Update
Share Buyback
- Middleby Corporation reported Q3 2025 revenue around $980 million and adjusted EBITDA of approximately $196 million, but recorded a net loss of about $513 million and a basic and diluted loss per share of $10.15, primarily due to a $709 million non-cash impairment charge related to the Residential Kitchen Equipment Group.
- The company refined its full-year 2025 revenue forecast to $3.85-$3.89 billion and adjusted EBITDA guidance to $779 million-$789 million.
- Strategic initiatives include a planned spin-off of the Food Processing business by mid-2026 and ongoing reviews of the Residential Kitchen segment.
- Middleby repurchased over 3.5 million shares in 2025, reducing its share count by 6.4%, demonstrating confidence in shareholder value enhancement.
Nov 7, 2025, 12:33 AM
Quarterly earnings call transcripts for MIDDLEBY.
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