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01.04.26 - 13:03
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Middleby Names Amy Campbell as Chief Financial Officer of Food Processing Business (Business Wire)
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Middleby Food Processing Completes Executive Leadership Team Ahead of Spin-OffELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (“Middleby”) (NASDAQ: MIDD), a global leader in the foodservice industry, today announced that Amy Campbell will serve as Chief Financial Officer of the Food Processing business when it becomes an independent public company in the second quarter of 2026. This appointment follows the recent announcement of Mark Salman as Chief Executive Officer and completes the leadership team that will guide the Food Processing business as it embarks on its next chapter of growth as an independent, publicly traded company. Ms. Campbell joins The Middleby Corporation, effective immediately.
“Amy is a highly respected finance executive with deep experience in industrial manufacturing and public company operations,” said Mark Salman, who will serve as CEO of the Food Processing business upon completion of the spin-off. “Her proven track record leading finance organizations through pe...
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25.03.26 - 12:06
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Middleby Appoints Brittany Cerwin as Chief Financial Officer (Business Wire)
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Bryan Mittelman to Serve as Special Advisor Through Completion of Food Processing Spin-OffELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (“Middleby”) (NASDAQ: MIDD), a global leader in the foodservice industry, today announced the appointment of Brittany Cerwin as Chief Financial Officer, effective immediately. Ms. Cerwin succeeds Bryan Mittelman, who has served as CFO since 2019 and will transition to the role of Special Advisor to the Chief Executive Officer.
“Brittany has been an integral part of the Middleby corporate finance team since joining us fifteen years ago. Her financial expertise and exceptional leadership are highly respected across the organization,” said Tim FitzGerald, Middleby Chief Executive Officer. “Brittany has led the development of our global finance organization as it exists today, supporting our rapid growth as revenues increased threefold and earnings grew five times during her tenure. As part of the executive team since 2023, her deep knowledge of our busines...
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22.03.26 - 16:00
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MIDD’s $3.3B Restructuring: A Leaner Company Chasing a Higher Stock Price (24/7 Wall St.)
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Middleby Corporation (MIDD) Middleby Corporation (NASDAQ:MIDD) is in the middle of its most aggressive restructuring in decades, and the stock's reaction tells a complicated story. Despite completing a $885 million divestiture of its Residential Kitchen business and preparing a Food Processing spin-off for Q2 2026, shares have dropped 15.53% over the past month and trade ... MIDD's $3.3B Restructuring: A Leaner Company Chasing a Higher Stock Price
The post MIDD's $3.3B Restructuring: A Leaner Company Chasing a Higher Stock Price appeared first on 24/7 Wall St.....
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17.03.26 - 12:30
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MIDD vs REZI: Which Industrial Equipment Stock Is the Better Buy? (24/7 Wall St.)
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Middleby (NASDAQ:MIDD) and Resideo Technologies (NYSE:REZI) both reported Q4 2025 earnings and are each splitting into separate companies. The similarity ends there. One is a commercial kitchen equipment maker shedding its consumer business. The other is a smart home and security distributor untangling a massive distribution arm from its branded products division. Transformation Fatigue Hits ... MIDD vs REZI: Which Industrial Equipment Stock Is the Better Buy?
The post MIDD vs REZI: Which Industrial Equipment Stock Is the Better Buy? appeared first on 24/7 Wall St.....
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06.03.26 - 13:09
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Middleby Appoints Glenn Eisenberg To Board of Directors (Business Wire)
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ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a global leader in the foodservice industry, today announced the appointment of Glenn Eisenberg to its Board of Directors, effective March 1. With the addition of Mr. Eisenberg, the Middleby Board expands to twelve members.
“We are pleased to welcome Glenn Eisenberg to the Middleby Board. His deep experience will be an immediate asset as we execute our strategic transformation,” said Tim FitzGerald, Middleby CEO. “Glenn has a proven 20-year track record of success as a public company CFO and senior operating executive across complex global manufacturing businesses. His expertise in financial discipline, industrial manufacturing, capital allocation, and board-level oversight will be highly valuable as we advance our operational initiatives and drive sustainable organic growth.”
Mr. Eisenberg brings extensive public company leadership experience spanning life services, industrial manufacturing, and diversified industrial sectors....
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26.02.26 - 19:45
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Middleby (MIDD) Beats Q4 Earnings Estimates (Zacks)
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Middleby (MIDD) delivered earnings and revenue surprises of +6.42% and -13.78%, respectively, for the quarter ended December 2025. Do the numbers hold clues to what lies ahead for the stock?...
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26.02.26 - 13:03
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The Middleby Corporation Reports Fourth Quarter and Fiscal Year Results (Business Wire)
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Q4 & FY 2025 Results Exceeded High End of Guidance Range for Revenue, Adj. EBITDA and Adj. EPS
Initiates 2026 Organic Growth Guidance of +1-3% in Commercial Foodservice and +4-6% in Food Processing
Repurchased 4.9 Million Shares (9.1% of Equity) in 2025 and 1.7 Million Shares (3.5% of Equity) YTD 2026
FOURTH QUARTER CONTINUING OPERATIONS HIGHLIGHTS
All results reflect Residential Kitchen as discontinued operations unless otherwise stated
Net Sales of $866 million increased 5% over prior year; marginally positive on organic basis
Record Q4 Food Processing orders increased 66% organically and year-end backlog up 36%
Operating income of $150 million, as compared to $182 million in prior year
Adjusted EBITDA of $197 million as compared to $226 million in prior year
Diluted GAAP EPS of $1.72 vs $1.81 if Residential Kitchen was not classified as discontinued operations
Adjusted EPS of $2.14 or $2.42 if Residential Kitchen was not classified as discontinued operations which is comparable to guidance of $2.19-$2....
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26.02.26 - 12:33
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Middleby Names Mark Salman to Lead Food Processing Business as Chief Executive Officer; Mark Bowie Named Chief Operating Officer (Business Wire)
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Current Food Processing President to Assume CEO Role Upon Completion of Q2 2026 Spin-OffELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a global leader in the foodservice industry, today announced that Mark Salman, currently President of the Middleby Food Processing Group (FPG), will serve as Chief Executive Officer of the Food Processing business when it becomes an independent public company in the second quarter of 2026. It was also announced that Mark Bowie will serve as the Chief Operating Officer of the Food Processing business upon the completion of the spin-off transaction.
Mr. Salman will continue in his current role as President of Middleby FPG during the separation process and will assume the CEO position effective upon the completion of the spin-off transaction. Under his leadership, the Food Processing segment has demonstrated exceptional performance, achieving industry-leading adjusted EBITDA margins and generating $850 million in revenue in 2025.
“Mark has been instr...
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17.02.26 - 13:03
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Middleby Schedules Fourth Quarter Earnings Release and Conference Call (Business Wire)
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ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) will release 2025 fourth quarter earnings on Thursday, February 26 at 7 a.m. Eastern Time. The company has scheduled a conference call to discuss the results at 10 a.m. Eastern Time on February 26. 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 via the domestic dial-in 1-844-676-5090. International participants can access the conference by dialing 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 and food processing. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice, and industrial baking and protein Innovation Centers for food processing solutions. For more information about Middleby, please v...
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