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.
The Middleby Corporation (NASDAQ: MIDD) is a worldwide manufacturer of equipment for the commercial foodservice, food processing and residential kitchen industries. News about Middleby often centers on its strategic portfolio actions, quarterly financial performance and acquisitions that expand its equipment offerings across these markets.
Recent company announcements highlight a significant transformation of the business. Middleby has agreed to sell a 51% controlling interest in its Residential Kitchen business to affiliates of 26North Partners LP, creating a standalone joint venture for a collection of premium residential and outdoor cooking brands while Middleby retains a 49% non-controlling stake. The company has also announced a planned spin-off of its food processing business into a separate public company, supported by amendments to its credit agreement.
Investors following MIDD news can expect updates on quarterly earnings, segment performance in Commercial Foodservice, Food Processing and Residential Kitchen, and details on capital allocation such as share repurchase activity. Press releases also cover acquisitions in food processing, including the purchases of Oka-Spezialmaschinenfabrik GmbH & Co. KG and Frigomeccanica S.p.A, which Middleby describes as enhancing its full-line solutions for bakery, confectionery, pet-food and protein-related applications.
Other news items include leadership appointments tied to investor strategy and corporate development, as well as scheduling notices for earnings releases and conference calls. For investors, analysts and industry observers, the MIDD news page provides a centralized view of Middleby’s strategic transactions, operating updates and corporate developments as it executes its plan to become a more focused commercial foodservice equipment company while maintaining exposure to food processing and residential kitchen markets.
The Middleby Corporation (NASDAQ: MIDD) reported fourth-quarter continuing operations net sales of $866.4M (up 5% YoY) and adjusted EBITDA of $197.1M. Management completed a 51% sale of its Residential Kitchen business at an $885M valuation, receiving ~$565M cash plus a $135M note while retaining 49%.
Middleby repurchased ~$710M of shares in 2025 (~4.9M shares, 9.1%) and began FY2026 with renewed guidance: FY2026 adjusted EPS of $9.20–9.36 and organic growth guidance for Commercial Foodservice +1–3% and Food Processing +4–6%.
Middleby (NASDAQ: MIDD) named Mark Salman CEO of its Food Processing business and Mark Bowie COO, effective upon a planned spin-off in Q2 2026. The Food Processing segment reported $850 million revenue in 2025 and grew from $390 million in 2018.
Salman led integration of 16 acquisitions totaling about $300 million in combined annual revenues; the separation aims to accelerate growth and allow independent capital allocation.
Middleby (NASDAQ: MIDD) will release 2025 fourth-quarter earnings on February 26, 2026 at 7:00 a.m. Eastern Time and host a conference call at 10:00 a.m. Eastern Time.
According to the company, the call is available via the Investor Relations section at www.middleby.com with domestic and international dial-in options provided.
The Middleby Corporation (NASDAQ: MIDD) appointed Christopher Hix to its Board of Directors, effective February 1, 2026, expanding the board to eleven members. Mr. Hix brings 30+ years of financial and transformation experience, including roles as EVP & CFO of Enovis and CFO of Colfax, and board service at Brady.
The addition is positioned to support Middleby’s shift to a pure-play commercial foodservice equipment company and to bolster operational and governance expertise.
26North completed acquisition of a controlling interest in Middleby's Residential Kitchen business, rebranding it as Composition Brands on February 2, 2026. Middleby (NASDAQ: MIDD) retains a significant non-controlling ownership stake.
Composition Brands houses premium names including Viking, AGA, Rangemaster, La Cornue, Lynx and U-Line and will operate as an independent platform focused on product performance, innovation and dealer/designer relationships.
Middleby (NASDAQ: MIDD) completed the sale of a 51% stake in its Residential Kitchen business to an affiliate of 26North, receiving approximately $540 million in cash and holding a $135 million seller note.
Middleby retains a 49% non-controlling interest, will report the business as a discontinued operation starting in Q4 2025, and plans to use proceeds primarily for share repurchases and capital structure optimization ahead of a planned Middleby Food Processing spin-off.
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.