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 Corp reports developments tied to its global foodservice equipment business, including commercial foodservice systems and food processing solutions. Company updates commonly cover quarterly operating results, organic sales trends, adjusted EBITDA measures, leverage under credit agreements, and demand across its Commercial Foodservice and Food Processing activities.
Middleby news also includes governance and capital-structure matters, such as leadership appointments, board and shareholder-voting updates, share repurchases, and portfolio actions. Its completed sale of a majority stake in the Residential Kitchen business is part of the company's recent corporate-structure history, while recurring disclosures continue to focus on equipment manufacturing, innovation centers, and financial performance.
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.
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.