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06.11.25 - 13:06
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The Middleby Corporation Reports Third Quarter Results (Business Wire)
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Quarterly results exceeded high end guidance range for revenue, adjusted EBITDA, and adjusted EPS
Announces strategic review of the Residential Kitchen business
Net Sales of $982 million, a 4% increase over prior year; flat on an organic basis
Non-cash impairment charge of $709 million due to strategic review of the Residential Kitchen business
Operating income of $(554) million, or $155 million excluding impairments as compared to $173 million in prior year
Adjusted EBITDA of $196 million as compared to $213 million in prior year
Diluted EPS of $(10.15) and adjusted EPS of $2.37 as compared to $2.33 in prior year
Repurchased 3.5 million of common shares year-to-date for approximately $500 million, or 6.4% of equity
Operating cash flows of $176 million as compared to $157 million in prior year
Net leverage at 2.3x
ELGIN, Ill--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen indus...
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30.10.25 - 21:36
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Middleby Schedules Third Quarter Earnings Release and Conference Call (Business Wire)
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ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2025 third quarter earnings on Thursday, November 6, 2025 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 8:30 a.m. Eastern Time on November 6, 2025. 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 join the conference through the domestic dial-in 1-800-343-5172 or international access 1-203-518-9856 with the Conference ID: MIDDQ3.
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 processing solutions and state-of-the-art, ...
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29.10.25 - 14:03
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Middleby Appoints Rebecca Ellin as Senior Vice President of Investor Strategy and Corporate Development (Business Wire)
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ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a global leader in foodservice equipment and technology, today announced the appointment of Rebecca Ellin as Senior Vice President, Investor Strategy and Corporate Development. This newly created role reflects Middleby's strategic focus on accelerating growth and enhancing stakeholder engagement as the Company executes its transformation initiatives, including the planned Food Processing segment spinoff.
Rebecca will report directly to Tim FitzGerald, Chief Executive Officer, and collaborate closely with Middleby's executive leadership team to drive investor engagement while participating in the development of the Company's long-term growth strategy. Her responsibilities will include evaluating capital allocation priorities, managing capital market initiatives, and ensuring strategic communication with investors, analysts, and key stakeholders.
“As we continue positioning Middleby for sustained long-term growth, Rebecca's deep in...
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15.08.25 - 17:21
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Cloud Kitchen Food Service Equipment Markets, 2021-2024 & 2025-2031 | Competitive Analysis of The Middleby Corp, Electrolux, Illinois Tool Works, Dover, Hoshizaki , Ali Group, Duke Manufacturing - ResearchAndMarkets.com (Business Wire)
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DUBLIN--(BUSINESS WIRE)--The "Global Cloud Kitchen Food Service Equipment Market (2025 Edition): Analysis By Equipment Type, By End-User, By Kitchen Type, By Region, By Country: Market Insights and Forecast (2021-2031)" report has been added to ResearchAndMarkets.com's offering.
The Global Cloud Kitchen Food Service Equipment market showcased growth at a CAGR of 13.56% during 2021-2024. The market was valued at USD 59.56 Billion in 2024 which is expected to reach USD 152.17 Billion in 2031. This report provides a complete analysis for the historical period of 2021-2024, the estimates of 2025 and the forecast period of 2026-2031.
The Cloud Kitchen Food Service Equipment Market is operating and growing rapidly, driven by a convergence of technological innovation, evolving consumer preferences, and strategic economic factors. At its core, this market encompasses a wide array of equipment specifically designed to enhance the efficiency, safety, and scalability of cloud kitchens - facilities that prepare food...
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13.08.25 - 14:36
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Middleby Acquires Oka-Spezialmaschinenfabrik GmbH & Co. KG (Business Wire)
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Acquisition Expands Food Processing Portfolio and Full-Line Solutions for Bakery BusinessELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment solutions for commercial foodservice, food processing, and residential kitchens, today announced the acquisition of Oka-Spezialmaschinenfabrik GmbH & Co. KG (Oka), expanding its portfolio of Middleby Food Processing equipment innovations. Oka is a leading designer and manufacturer of industrial extrusion, molding, depositing and cutting industrial production equipment in bakery, confectionery and pet-food markets. Based in Darmstadt, Germany, the company has annual revenues of $12 million.
“Oka is a perfect complement and strategic fit, adding important product categories to our solutions for bakery customers. Oka is known for its advanced engineering capabilities, with an ability to provide unique and high-value customer-driven solutions,” said Tim FitzGerald, Middleby CEO. “We expect meaningful ...
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06.08.25 - 16:18
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Stock Market Live August 6: Mostly Positive Earnings Reports Push S&P 500 (VOO) Higher Wednesday (24/7 Wall St.)
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Live Updates Live Coverage Updates appear automatically as they are published. Middleby Flames Out 10:08 am Earnings news continues to roll in. Next up: Commercial kitchen equipment giant Middleby (Nasdaq: MIDD) earned $2.35 in Q2, six cents better than expected. Revenue came in a bit short at $977.9 million however, and guidance looks weak: $2.04 […]
The post Stock Market Live August 6: Mostly Positive Earnings Reports Push S&P 500 (VOO) Higher Wednesday appeared first on 24/7 Wall St.....
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06.08.25 - 13:03
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The Middleby Corporation Reports Second Quarter Results (Business Wire)
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Operating income of $155 million as compared to $176 million in prior year
Adjusted EBITDA of $200 million as compared to $216 million in prior year
Repurchased 3.1 million of common shares through July for $448.9 million, or 5.7% of equity
Operating cash flows of $122 million for the quarter and $263 million year to date
Net leverage at 2.3x
Initiates third quarter and full year 2025 guidance
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 second quarter of 2025.
Tim FitzGerald, CEO of The Middleby Corporation said, “Our second quarter results reflect the economic uncertainty our customers continue to navigate in key end markets. Despite these headwinds, I'm proud of our team's continued execution in areas within our control. We're delivering strong operational performance, gaining market share with new product l...
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01.08.25 - 13:06
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Middleby Acquires Frigomeccanica S.p.A (Business Wire)
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Acquisition Expands Food Processing Portfolio and Full-Line Solutions for CustomersELGIN, 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 announced the acquisition of Frigomeccanica S.p.A, expanding its portfolio of Middleby Food Processing equipment innovations. Frigomeccanica is a global leader in equipment solutions for drying, defrosting, fermentation, refrigeration and preservation used in the food processing industry. Based in Parma, Italy, the company has annual revenues of $30 million.
The acquisition enhances Middleby offerings of full-line solutions to customers, particularly for the growing protein industry. Frigomeccanica serves categories where Middleby is currently expanding, including dried meats, cured ham and ready-to-eat foods.
“Frigomeccanica brings complementary product expertise and extensive engineering capabilities to our food pro...
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28.07.25 - 13:06
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Middleby Schedules Second Quarter Earnings Release and Conference Call (Business Wire)
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ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2025 second quarter earnings on Wednesday, August 6 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 11 a.m. Eastern Time on August 6. 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 join the conference through the domestic dial-in 1-844-676-5090 or international access 1-412-634-6754.
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 processing and in award-winning Middleby Residential showrooms.
For more information abo...
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