Several large industrials are breaking apart this year. Honeywell is splitting into three companies, DuPont spun off its electronics business, and Johnson & Johnson is carving out its orthopedics unit. While the strategies may differ slightly, the goal remains the same -- to unlock shareholder value.Middleby (MIDD +1.11%) is running the same playbook. The company entered this year with three segments: commercial foodservice, food processing, and residential kitchen. It announced a tax-free spinoff of the fo ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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]

Core Insights - The Middleby Corporation (MIDD) is positioned to benefit from the strength in the Food Processing Equipment Group segment and accretive acquisitions, with shares gaining 10.1% compared to the industry's 8.8% growth over the past year [1]. Business Strength - Middleby is experiencing solid momentum in the Food Processing Equipment Group, driven by increased demand for protein and bakery products, as well as a robust order rate and international market demand. Sales in this segment increased by 8.7% year over year in the first nine months of 2025, with expectations for continued strong performance in Q4 2025 [4]. Expansion Initiatives - The company has enhanced its product portfolio through strategic acquisitions, including Oka-Spezialmaschinenfabrik GmbH & Co. KG and Frigomeccanica S.p.A. in August 2025, which are expected to strengthen its position in the bakery and food processing markets. Additionally, the acquisition of Gorreri Food Processing Technology and JC Ford in November 2024 further bolstered its capabilities in advanced baked goods and snack food categories, contributing to a 3.3% year-over-year sales increase in Q3 2025 [5][6]. Product Innovation Efforts - Middleby is focused on product innovation, having introduced several new products over the past year, including MP Equipment and PIZZABOT. The company is gaining market share in new product categories, particularly in ventless cooking products and automation technologies, which are expected to drive future growth [7][8]. Rewards to Shareholders - The company is committed to returning value to shareholders through share repurchases, having repurchased $514.3 million worth of shares in the first nine months of 2025. The board has authorized multiple share buyback programs, with 8,304,022 shares remaining for repurchase as of September 27, 2025 [9].

Core Viewpoint - 26North Partners, led by billionaire investor Josh Harris, has acquired a controlling 51% stake in Middleby's kitchen-products division, which is valued at $885 million [2][3]. Company Overview - Middleby designs and manufactures cooking equipment for commercial, residential, and industrial applications, with a current market value of approximately $6 billion [3]. - The kitchen-products division includes luxury cookware brands such as Viking, Lynx, La Cornue, Rangemaster, and Aga [2]. Financial Details - The deal values the kitchen-products division at $885 million, with 26North owning 51% and Middleby retaining the remaining stake [2][3]. - Middleby reported a revenue of about $2.4 billion from its commercial food-service platform last year [6]. Market Context - Middleby shares have experienced a decline of over 11% year-to-date due to challenges in the restaurant industry, including lower foot traffic and rising food costs [5]. - Following the announcement of the deal, Middleby shares increased by over 4% [5]. Strategic Moves - Middleby is focusing on its commercial food services by spinning out its food-processing business, a decision influenced by activist investor Ed Garden [6]. - 26North Partners is actively seeking private-equity opportunities, with the Middleby transaction marking its sixth deal in about a year [7].