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Middleby(MIDD) - 2025 Q4 - Earnings Call Transcript
2026-02-26 16:02
The Middleby (NasdaqGS:MIDD) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsBryan Mittelman - CFOMark Salman - PresidentSteve Spittle - Chief Commercial OfficerTim FitzGerald - CEOConference Call ParticipantsBrian McNamara - Managing Director and Senior AnalystJeff Hammond - Managing Director and Equity Research AnalystMircea Dobre - Senior Research Analyst and Associate Director of ResearchTami Zakaria - Executive Director and Equity Research AnalystOperatorGood day, and welcome to ...
Middleby(MIDD) - 2025 Q4 - Earnings Call Transcript
2026-02-26 16:02
The Middleby (NasdaqGS:MIDD) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsBryan Mittelman - CFOMark Salman - President of Middleby Food Processing GroupSteve Spittle - Chief Commercial OfficerTim FitzGerald - CEOConference Call ParticipantsBrian McNamara - Managing Director and Senior AnalystJeff Hammond - Managing Director and Equity Research AnalystMircea Dobre - Senior Research Analyst and Associate Director of ResearchTami Zakaria - Executive Director and Equity Research Analy ...
Middleby(MIDD) - 2025 Q4 - Earnings Call Transcript
2026-02-26 16:00
The Middleby (NasdaqGS:MIDD) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Speaker5Good day, and welcome to the Middleby Corporation's fourth quarter 2025 earnings conference call. All participants will be in a listen-only mode. On today's call are Tim FitzGerald, CEO, Mark Salman, President of Middleby Food Processing Group, Bryan Mittelman, CFO, James Pool, CTO and COO, and Steve Spittle, Chief Commercial Officer. After today's presentation, there will be an opportunity to ask questions. To ask a qu ...
The Middleby Corp Net Sales Grow 5% in Q4
Yahoo Finance· 2026-02-26 15:53
By Karen Roman The Middleby Corp. (Nasdaq: MIDD) said net sales increased 5% in the fourth quarter of 2025 compared to the previous year reaching $866 million. Food processing orders grew 66% organically with a year-end backlog up 36%, while adjusted EBITDA was $197 million compared to $226 million, and adjusted EPS was $2.14 or $2.42 if residential kitchen was not classified as discontinued operations, it stated. Fiscal outlook for 2026 expects net sales growth between 1-3% in commercial foodservice a ...
Middleby(MIDD) - 2025 Q4 - Earnings Call Presentation
2026-02-26 15:00
Q4 Earnings Update February 26, 2026 1 CAUTIONARY STATEMENTS 2 MIDDLEBY PORTFOLIO TRANSFORMATION Portfolio transformation underway with completed 51% sale of Residential Business completed in Q1 2026 & in process Food Processing Spin expected to be completed in Q2 2026 Next chapter of growth for highly successful businesses that will benefit from a focus on individual core strategies, driving a full valuation in line with best-in-class peers for each entity Safe Harbor Statement Statements in this press rel ...
Middleby(MIDD) - 2025 Q4 - Annual Results
2026-02-26 12:03
The Middleby Corporation Reports Fourth Quarter and Fiscal Year Results 1400 Toastmaster Drive, Elgin, Illinois 60120 (847) 741-3300 www.middleby.com 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 RESIDENTIAL ...
What's Behind a New $6.5 Million Bet on Middleby With Stock Down 5% in One Year?
Yahoo Finance· 2026-02-25 21:44
On February 17, 2026, AYAL Capital Advisors Ltd disclosed a new position in The Middleby Corporation (NASDAQ:MIDD), acquiring 44,000 shares in a trade estimated at $6.54 million based on quarter-end values. What happened According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, AYAL Capital Advisors initiated a new position in Middleby, purchasing 44,000 shares in the fourth quarter. The quarter-end value of the position rose by $6.54 million as a result. What else to know ...
Exploring Analyst Estimates for Middleby (MIDD) Q4 Earnings, Beyond Revenue and EPS
ZACKS· 2026-02-24 15:15
Analysts on Wall Street project that Middleby (MIDD) will announce quarterly earnings of $2.27 per share in its forthcoming report, representing a decline of 21.2% year over year. Revenues are projected to reach $1 billion, declining 0.9% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosu ...
26North Completes Transaction for Majority Stake in Middleby's Residential Kitchen Unit and Rebrands the Business as Composition Brands
Businesswire· 2026-02-02 21:21
Core Insights - 26North has completed the acquisition of a controlling interest in Middleby's Residential Kitchen business [1] Company Summary - The acquisition involves affiliates of 26North, indicating a strategic move to enhance their portfolio in the residential kitchen sector [1] - Middleby's Residential Kitchen business is now under the control of 26North, which may lead to potential operational and strategic changes [1]
The Middleby Corp CEO Timothy FitzGerald on M&A: ICR Conference 2026
Yahoo Finance· 2026-01-26 16:15
Company Overview - The Middleby Corporation is transforming from an innovative manufacturer of advanced kitchen technology for the global foodservice industry into a specialized, pure-play leader in commercial foodservice equipment [5] - The company has approximately 120 brands in its portfolio and develops a broad range of solutions for commercial foodservice, food processing, and residential kitchens [3][5] - Middleby powers many leading restaurant brands, including YUM! Brands, Dunkin', Burger King, Domino's, and Five Guys [5] Recent Developments - In 2025, Middleby announced plans to spin off its Food Processing segment into a standalone business [5] - The company sold a majority stake in its Residential Kitchen segment to 26North, forming a joint venture to continue producing brands like Viking and AGA Rangemaster [5] - These strategic moves are aimed at accelerating growth by focusing on automation, labor savings, reducing food costs, and driving kitchen efficiency while expanding into new markets such as ice and beverage [5] Leadership - Timothy FitzGerald has been the CEO of Middleby since 2019 and has been with the company for nearly 25 years, previously serving as Vice President and Chief Financial Officer [2][3] - He has been heavily involved in company-wide strategic decisions and initiatives, leading acquisition and business development activities [3] - FitzGerald was responsible for the strategic formation of the Middleby residential distribution platform, supporting sales for all residential brands [4]