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07.05.25 - 15:45
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Middleby (MIDD) Q1 Earnings Beat Estimates (Zacks)
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Middleby (MIDD) delivered earnings and revenue surprises of 7.22% and 3.67%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?...
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07.05.25 - 13:06
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The Middleby Corporation Reports First Quarter Results and Board of Directors Increases Share Buyback Authorization to 21% of Equity (Business Wire)
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Prioritization of Free Cash Flow to Accelerate Share Repurchases
Increase of Shares Available for Buyback to 11.4 million shares, an increase of 7.5 million shares
Operating income of $141 million as compared to $137 million in prior year
Adjusted EBITDA of $182 million as compared to $186 million in prior year
Operating cash flows of $141 million in current and prior year
Net leverage at 2.0x
ELGIN, Ill.--(BUSINESS WIRE)--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 first quarter of 2025. Middleby further announced an acceleration to its share repurchase program, with expectation to deploy the vast majority of its free cash flow to the buyback of shares. This follows the company's February 2025 announcement to separate its Food Processing business into a separate public company.
Share Repurchasing
“Middleby has a demonstrated track record of...
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29.04.25 - 14:03
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Middleby Schedules First Quarter Earnings Release and Conference Call (Business Wire)
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ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2025 first quarter earnings on Wednesday, May 7 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern Time on May 7. The call is accessible through the Investor Relations section of the company website at www.middleby.com. If website access is not available, attendees can access the conference by dialing 1-844-676-5090 for domestic participants or 1-412-634-6754 for international access. Please note the dial in numbers have been updated from previous conference calls.
ABOUT THE MIDDLEBY CORPORATION
The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice, food processing, and residential kitchens. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice, industrial baking and protein Innovation Centers for food p...
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