Middleby Corp Stock Price, News & Analysis

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.

Middleby Corporation (NASDAQ: MIDD) reported its Q1 2025 results and announced a significant expansion of its share buyback program. The Board increased the total share repurchase authorization by 7.5 million shares to 11.4 million shares, representing 21% of outstanding equity. The company plans to deploy the majority of its free cash flow to share repurchases. Key financial metrics include: operating income of $141M (vs $137M prior year), adjusted EBITDA of $182M (vs $186M), and operating cash flows of $141M. Net sales decreased 2.2% year-over-year, with organic sales declining 3.8%. The company faces tariff-related challenges estimated to increase costs by $150-200M annually but expects to offset these through operational initiatives and pricing actions. Middleby maintains a strong financial position with net leverage at 2.0x and continues to progress with its previously announced plan to separate its Food Processing business by early 2026.

Middleby (NASDAQ: MIDD) has announced its upcoming first quarter 2025 earnings release schedule. The company will disclose its financial results on Wednesday, May 7 at 7 a.m. Eastern Time, followed by a conference call at 11 a.m. Eastern Time on the same day.

Investors and stakeholders can access the conference call through two channels:

• Via the Investor Relations section at www.middleby.com
• Through updated dial-in numbers: - Domestic: 1-844-676-5090 - International: 1-412-634-6754

The company has specifically noted that these dial-in numbers have been updated from previous conference calls, ensuring participants have the correct access information.

Middleby (NASDAQ: MIDD) announced the appointment of Julie Bowerman and Ed Garden to its Board of Directors, effective immediately. Ms. Bowerman, with over 25 years in the food and beverage industry, is the Chief Marketing Officer of Kellanova Company. She has held senior roles at Kellogg Company, Hain Celestial Group, and The Coca-Cola Company, driving digital and omni-channel growth. She also serves on the Boards of Bridges Consumer Healthcare and Brixmor Property Group. Mr. Garden, Founding Partner of Garden Investments and former Chief Investment Officer at Trian Partners, brings investment and financial expertise. He has served on boards of General Electric, Invesco , Legg Mason, and others.

CEO Tim FitzGerald expressed confidence in their contributions to Middleby's long-term strategy and shareholder value. Board Chairman Gordon O’Brien emphasized their roles in governance and shareholder engagement. The Board will temporarily expand to eleven directors, with ten being independent. Both appointees will stand for election at Middleby's 2025 Annual Meeting. Long-standing director John Miller will retire and not seek re-election. A cooperation agreement with Garden Investments supports the full slate of directors at the Annual Meeting.

Middleby (NASDAQ: MIDD) announced its plan to separate its food processing business into a standalone public company by early 2026. The new company, Middleby Food Processing, will focus on industrial protein, bakery, and snack processors, aiming for significant growth and market leadership.

The separation will be achieved through a tax-free spin-off, enhancing strategic focus and financial flexibility for both entities. Middleby RemainCo will continue to drive growth in commercial foodservice and residential kitchens, leveraging its innovative product portfolio and market leadership.

Middleby Food Processing reported $731 million in revenue and $1871 million in Adjusted EBITDA for 2024, with an EBITDA margin above 25%. Middleby RemainCo's commercial foodservice business achieved $2,419 million in revenue and $6641 million in Adjusted EBITDA, with an EBITDA margin over 27%, while its residential kitchen business saw $725 million in revenue and $741 million in Adjusted EBITDA, with a 10% margin.

The spin-off aims to unlock shareholder value, optimize capital structures, and enhance M&A opportunities. The separation is subject to customary conditions and final board approval.

The Middleby (NASDAQ: MIDD) reported strong fourth quarter 2024 results with net sales of $1,014 million, a 0.5% increase over the prior year. The company achieved record adjusted EBITDA of $251.2 million and organic adjusted EBITDA margin of 24.8%, driven by exceptional profitability in Food Processing and Commercial Foodservice segments.

Diluted earnings per share reached $2.07, with adjusted net earnings per share of $2.88. Operating income was $170 million, representing 16.8% of net sales. The company generated record operating cash flows of $687 million for the full year and $240 million for the quarter.

During Q4, Middleby completed three strategic acquisitions: Emery Thompson, JC Ford, and Gorreri, strengthening its position in food processing equipment. The company also repurchased $16.4 million of common shares in Q4 and approximately $20 million in Q1 2025. Net leverage was reduced to 2.0x with available borrowing capacity of approximately $3.1 billion.