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
7 questions for MIDD
Also covers: CENT, COOK, DRVN +12 more
TZ
Tami Zakaria
JPMorgan Chase & Co.
7 questions for MIDD
Also covers: ADM, AGCO, ALSN +24 more
Jeffrey Hammond
KeyBanc Capital Markets
5 questions for MIDD
Also covers: AOS, ETN, GGG +19 more
MD
Mircea Dobre
Robert W. Baird & Co.
5 questions for MIDD
Also covers: AGCO, ALG, ASTE +15 more
WL
Walter Liptak
Seaport Research Partners
5 questions for MIDD
Also covers: CMCO, FELE, FSS +13 more
SB
Saree Boroditsky
Jefferies
4 questions for MIDD
Also covers: AOS, APH, CSL +15 more
JH
Jeff Hammond
KeyBanc Capital Markets Inc.
2 questions for MIDD
Also covers: GTES, NDSN, NPO +2 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 +11 more
RS
Ross Sparenblek
William Blair & Company
1 question for MIDD
Also covers: ELAN, EPAC, FSS +9 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 Announces Leadership for Food Processing Spin-Off
MIDD
M&A
Management Change
New Projects/Investments
- The Middleby Corporation announced that Mark Salman will serve as Chief Executive Officer and Mark Bowie as Chief Operating Officer of its Food Processing business upon its spin-off into an independent public company.
- The spin-off of the Food Processing business is anticipated to be completed in the second quarter of 2026.
- The Food Processing segment generated $850 million in revenue in 2025.
1 day ago
MIDDLEBY Reports Q4 and Full-Year 2025 Results, Details Portfolio Transformation, and Provides 2026 Guidance
MIDD
Earnings
M&A
Share Buyback
- MIDDLEBY reported Q4 2025 Net Sales of $866.4 million and Adjusted EPS of $2.14 for continuing operations, with FY 2025 Net Sales reaching $3,201.2 million and Adjusted EPS of $8.39.
- The company is undergoing a significant portfolio transformation, including the completed 51% sale of its Residential Business in Q1 2026 for an $885 million valuation and the planned spin-off of its Food Processing segment in Q2 2026.
- MIDDLEBY repurchased $710 million in shares during FY 2025 and an additional $250 million year-to-date February 2026, with 5.2 million shares remaining under authorization.
- For continuing operations, the company provided FY 2026 guidance including Total Revenue of $3.27-3.36 billion and Adjusted EPS of $9.20-9.36.
- The estimated annual tariff cost impact for continuing operations is between $90 million and $100 million, with $21 million incurred in FY 2025, but is expected to be fully offset in FY 2026 through operating initiatives and price increases.
1 day ago
Middleby Reports Q4 2025 Results, Completes Residential Kitchen Sale, and Plans Food Processing Spin-off
MIDD
Earnings
M&A
Share Buyback
1 day ago
Middleby Reports Q4 2025 Results, Announces Strategic Divestiture, Planned Spin-off, and Share Buybacks
MIDD
Earnings
M&A
Share Buyback
- Middleby completed the sale of a 51% stake in its Residential Kitchen business for an $885 million total enterprise valuation, receiving approximately $565 million in immediate cash proceeds. The company retains a 49% ownership stake.
- The company plans to complete the separation of its Food Processing business into an independent public company in the second quarter of 2026.
- In 2025, Middleby executed $710 million in share buybacks, reducing its share count by approximately 9%, with an additional $300 million expected in Q1 2026.
- For Q4 2025, Middleby reported total revenue of approximately $866 million, adjusted EBITDA of approximately $197 million, and adjusted EPS of $2.14. The company also provided full-year 2026 guidance for total revenues of $3.27 billion-$3.36 billion and adjusted EPS of $9.20-$9.36.
1 day ago
Middleby Reports Q4 2025 Results, Provides 2026 Guidance, and Details Strategic Portfolio Optimization
MIDD
Earnings
Guidance Update
M&A
- Middleby reported Q4 2025 adjusted EPS of $2.14 and FY 2025 adjusted EPS of $8.39, with total revenue for its remaining two segments reaching $866 million in Q4 2025.
- The company completed the sale of a 51% stake in its Residential Kitchen business for approximately $565 million in immediate cash proceeds and plans to complete the spin-off of its Food Processing business in Q2 2026.
- Middleby significantly reduced its share count by approximately 9% in 2025 through $710 million in share buybacks and continued repurchasing shares in Q1 2026.
- For the full year 2026, Middleby anticipates total revenues between $3.27 billion and $3.36 billion and adjusted EPS in the range of $9.20-$9.36, with updated guidance expected post-spin-off.
1 day ago
Middleby Reports Q4 and Full Year 2025 Results, Exceeding Guidance, and Provides 2026 Outlook
MIDD
Earnings
Guidance Update
M&A
- The Middleby Corporation reported Q4 and fiscal year 2025 results that exceeded the high end of guidance for revenue, Adjusted EBITDA, and Adjusted EPS.
- The sale of 51% of its Residential Kitchen Business was completed on February 2, 2026, generating approximately $565 million in net cash proceeds while retaining a 49% non-controlling interest.
- The company engaged in substantial share repurchases, deploying $710 million in 2025 (reducing share count by approximately 9%) and an additional 1.7 million shares year-to-date 2026 (3.5% of equity).
- For full year 2026, Middleby initiated guidance including Net Sales of $3.27-$3.36 billion, Adjusted EBITDA of $745-$780 million, and Adjusted EPS of $9.20-$9.36.
1 day ago
Middleby Reports Fourth Quarter and Fiscal Year 2025 Results, Exceeding Guidance
MIDD
Earnings
Guidance Update
M&A
- The Middleby Corporation reported Q4 2025 net sales of $866 million, a 5% increase over the prior year, and Adjusted EPS of $2.14, with results exceeding the high end of guidance for revenue, Adjusted EBITDA, and Adjusted EPS.
- The company completed the sale of a 51% stake in its Residential Kitchen business on February 2, 2026, for an $885 million valuation, receiving $565 million in net cash proceeds and retaining a 49% non-controlling interest.
- Middleby repurchased 4.9 million shares (9.1% of equity) in 2025 and 1.7 million shares (3.5% of equity) year-to-date 2026, deploying $710 million in share repurchases in 2025.
- The company initiated 2026 organic growth guidance of +1-3% for Commercial Foodservice and +4-6% for Food Processing, and remains on track to separate its Food Processing business in Q2 2026.
1 day ago
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.
Feb 2, 2026, 9:34 PM
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.
Feb 2, 2026, 9:21 PM
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.
Feb 2, 2026, 9:15 PM
Quarterly earnings call transcripts for MIDDLEBY.
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