Welcome to our dedicated page for Middleby news (Ticker: MIDD), a resource for investors and traders seeking the latest updates and insights on Middleby stock.
Middleby Corporation (NASDAQ: MIDD) delivers essential foodservice and food processing solutions through its three core segments: commercial equipment, industrial systems, and residential appliances. This news hub provides investors and industry professionals with comprehensive updates on the company’s latest developments, strategic initiatives, and market positioning.
Access timely updates including earnings reports, product innovations, and corporate announcements. Our curated collection features press releases covering commercial kitchen technology advancements, food processing equipment launches, and residential appliance updates – all critical for understanding MIDD’s market trajectory.
Key content categories include operational expansions, sustainability initiatives, IoT integration progress through Powerhouse Dynamics, and partnership announcements. Bookmark this page for structured access to Middleby’s evolving business landscape, featuring verified information directly from corporate communications and trusted financial sources.
26North and The Middleby Corporation (NASDAQ: MIDD) agreed that 26North affiliates will acquire a 51% controlling interest in Middleby’s Residential Kitchen business at a $885 million valuation, forming a standalone joint venture that will own iconic brands such as Viking, AGA, La Cornue, Lynx, U-Line, Kamado Joe and Masterbuilt. Middleby will retain a 49% non-controlling interest and receive significant upfront cash proceeds intended for shareholder-return initiatives while remaining positioned to share in Residential Kitchen’s upside. Transaction remains subject to customary regulatory approvals and closing conditions; Silver Point Capital led debt financing for the deal.
Middleby (NASDAQ: MIDD) agreed to sell a 51% stake in its Residential Kitchen business to 26North for a transaction valuing the unit at $885 million. Middleby will receive approximately $540 million in upfront cash and hold a $135 million seller note, while retaining a 49% noncontrolling equity interest in a newly formed joint venture.
The deal is funded by third-party debt, 26North preferred equity and rollover equity by Middleby. Residential Kitchen will be reported as discontinued operations as of Q4 2025 and as income from minority interest upon closing. The move complements a planned Food Processing spin-off expected in H1 2026 and positions Middleby as a pure-play commercial foodservice company with 2024 revenue of $2.38B and Adjusted EBITDA of $654M (Adj. EBITDA margin >27%).
The Middleby Corporation (NASDAQ: MIDD) reported Q3 2025 results with net sales of $982.1M (up 4.2% vs prior year; organic flat) and adjusted EBITDA of $196.4M. Adjusted EPS was $2.37 versus $2.33 a year earlier. The company recorded a $709.1M non-cash impairment related to a strategic review of its Residential Kitchen business, producing GAAP diluted EPS of $(10.15). Operating cash flow was $176.3M, free cash flow $156.1M, and the company repurchased ~3.5M shares (~$500M, 6.4% equity) year-to-date. Net leverage per credit agreements was 2.3x. Management provided Q4 2025 and FY2025 adjusted guidance.
The Middleby Corporation (NASDAQ: MIDD) will release 2025 third quarter earnings on Thursday, November 6, 2025 at 7:00 a.m. ET and host a conference call to discuss results on November 6, 2025 at 8:30 a.m. ET.
Investors can join the call via the Investor Relations site at www.middleby.com or by domestic dial-in 1-800-343-5172 and international dial-in 1-203-518-9856 using Conference ID MIDDQ3. For investor relations inquiries contact Rebecca Ellin at rellin@middleby.com.
Middleby (NASDAQ: MIDD) appointed Rebecca Ellin as Senior Vice President, Investor Strategy and Corporate Development, effective October 29, 2025.
The newly created role will report to CEO Tim FitzGerald and focus on investor engagement, capital allocation evaluation, capital markets initiatives, and strategic communications as Middleby advances its transformation initiatives, including the planned Food Processing segment spinoff. Ellin joins from Baron Capital Group with 18 years of public equities experience and holds an MBA from Harvard Business School and a B.A. in Economics from the University of Pennsylvania.
Amcor (NYSE: AMCR) appointed Stephen R. Scherger as Executive Vice President and Chief Financial Officer, effective Nov. 10, 2025. He succeeds Michael Casamento, who will leave to return to Australia and remain as an advisor through June 30, 2026 to support the transition.
Scherger previously served as CFO of Graphic Packaging since 2015; during his tenure Graphic Packaging's net sales rose to nearly $9 billion and net income nearly tripled. Amcor reaffirmed fiscal 2026 guidance: Adjusted EPS 80–83 cps (12–17% constant-currency growth) and Free Cash Flow $1.8–1.9 billion. Q1 FY2026 Adjusted EPS expected at 18–20 cps.
Middleby Corporation (NASDAQ: MIDD) has announced the acquisition of Oka-Spezialmaschinenfabrik GmbH & Co. KG (Oka), a German manufacturer of industrial production equipment for bakery, confectionery, and pet-food markets. Oka, based in Darmstadt, generates annual revenues of $12 million.
The strategic acquisition expands Middleby's Food Processing portfolio, particularly enhancing its full-line bakery solutions. Oka brings expertise in industrial extrusion, molding, depositing, and cutting equipment. The deal is expected to create meaningful sales synergies by expanding Oka's reach beyond Germany and strengthening Middleby's position ahead of its planned spinoff in 2026.
Middleby Corporation (NASDAQ: MIDD) reported mixed second quarter 2025 results amid economic uncertainty. Net sales decreased 1.4% to $977.9 million, with organic sales declining 5.4%. The company posted operating income of $155 million compared to $176 million in the prior year, while Adjusted EBITDA reached $200.2 million versus $216.4 million.
Key financial metrics include operating cash flows of $122 million for the quarter and net leverage at 2.3x. The company significantly increased shareholder returns, repurchasing 3.1 million shares for $448.9 million through July, representing 5.7% of equity. Management initiated Q3 2025 guidance with expected revenue of $950-975 million and full-year 2025 guidance projecting revenue of $3.81-3.87 billion.
The company experienced varying performance across segments, with Commercial Foodservice down 4.8%, Residential Kitchen declining 6.1%, while Food Processing grew 14.4%.Middleby Corporation (NASDAQ: MIDD) has announced the acquisition of Frigomeccanica S.p.A, an Italian food processing equipment manufacturer with annual revenues of $30 million. Based in Parma, Italy, Frigomeccanica specializes in equipment solutions for drying, defrosting, fermentation, refrigeration, and preservation in the food processing industry.
The strategic acquisition enhances Middleby's food processing portfolio, particularly in the growing protein industry, serving categories like dried meats, cured ham, and ready-to-eat foods. The deal is expected to create synergies through Middleby's global sales network and Italian manufacturing capabilities, with plans for a food processing business spinoff in 2026.
Middleby (NASDAQ: MIDD) has announced its upcoming second quarter 2025 earnings release and conference call schedule. The company will release its earnings on Wednesday, August 6, 2025, at 7:00 AM ET, followed by a conference call at 11:00 AM ET on the same day.
Investors can access the conference call through the Investor Relations section at www.middleby.com. Alternative access is available via phone through domestic (1-844-676-5090) and international (1-412-634-6754) dial-in numbers.
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