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Middleby Corp Stock Price, News & Analysis

MIDD Nasdaq

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.

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The Middleby Corporation (NASDAQ: MIDD) announced its acquisition of Welbilt, Inc. (NYSE: WBT) in an all-stock deal valued at $4.3 billion. This strategic move aims to enhance Middleby's Commercial Foodservice platform, contributing to approximately $3.7 billion in combined sales. The transaction is expected to generate $100 million in annual cost synergies by year three, while maintaining financial flexibility with a projected net leverage of ~3.0x. Following the merger, Middleby will own around 76% of the combined entity, reinforcing its competitive position in the market.

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Turbochef Technologies, a Middleby Corporation company (NASDAQ: MIDD), unveils PLEXOR, a revolutionary cooking system that enhances kitchen efficiency. This versatile platform enables automated oven loading and unloading while allowing up to three different oven modules to be operated via a single interface. PLEXOR's design is aimed at reducing labor and improving the speed of service, confirmed by the National Restaurant Association's 2021 Kitchen Innovations Award. The advanced cooking technology promises to optimize physical space and elevate product quality for foodservice operations.

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The Middleby Corporation (NASDAQ: MIDD) has entered into an investment and license agreement with Vyv to utilize its proprietary antimicrobial LED technology in Middleby's food processing, commercial, and residential solutions. This partnership aims to enhance food safety by embedding Vyv's antimicrobial lighting technologies, which significantly reduce bacteria without harmful UV light. Vyv's technology meets international safety standards, making it suitable for continuous use around people and animals. This collaboration positions Middleby to offer advanced products promoting health and wellness in food environments.

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The Middleby Corporation (NASDAQ: MIDD) reported a net earnings of $51.8 million for Q4 2020, translating to $0.94 per diluted share, on net sales of $729.3 million. Adjusted earnings were $89.0 million or $1.62 per share. Despite a 7.4% decline in net sales year-over-year due to COVID-19, the company reported a record backlog of $522.7 million, reflecting growth in both the Commercial Foodservice and Residential Kitchen segments. Operating cash inflows grew significantly to $208.6 million, and net debt also decreased to $1.6 billion. The company remains optimistic about market recovery and innovation.

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The Middleby Corporation (NASDAQ: MIDD) has officially opened the Middleby Innovation Kitchens (MIK) in Dallas, Texas. This 40,000-square-foot facility showcases over 150 innovative cooking and beverage technologies. Visitors can engage in demonstrations across 15 specialized vignettes and participate in culinary training sessions. The MIK aims to provide hands-on experience with advanced kitchen solutions, including automation and IoT platforms. Chef Russell Scott leads the culinary team, offering unique dining experiences for guests.

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The Middleby Corporation (MIDD) will release its 2020 fourth-quarter earnings on March 1 before market opening. A conference call is scheduled for 11 a.m. ET that day to discuss results, accessible via phone and their website. Middleby is a leader in foodservice equipment, providing a wide range of products for commercial, processing, and residential sectors. Their brand portfolio includes well-known names across various cooking and kitchen solutions. This earnings announcement marks a key financial event for the company and its investors.

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The Middleby Corporation (NASDAQ: MIDD) has announced the retirement of Chief Operating Officer David Brewer, effective at the end of 2021. Brewer, who joined the company in 2006, has been instrumental in significant growth, helping increase revenue from $400 million to nearly $3 billion. His strategic insights have facilitated over 50 acquisitions. James K. Pool III and Steve Spittle will take over his responsibilities as part of a planned transition. Brewer expressed confidence in the leadership team's future success and commitment to innovation.

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The Middleby Corporation (NASDAQ: MIDD) announced several key promotions to enhance its executive team and support strategic growth initiatives. James K. Pool III is appointed Chief Technology and Operations Officer, while Steve Spittle becomes Chief Commercial Officer. The company's expansion is spearheaded by leadership in its Beverage and Residential Kitchen Equipment Groups. These promotions aim to innovate customer experiences and strengthen market presence. The appointments underscore Middleby’s commitment to talent development and organizational growth, essential for its competitive advantage.

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The Middleby Corporation (NASDAQ: MIDD) has acquired United Foodservice Equipment Group, a China-based leader in counter top commercial foodservice equipment, with annual revenues of approximately $10 million. CEO Tim FitzGerald stated that this strategic acquisition enhances Middleby's capabilities in a growing Asian market, allowing better service to customers. The addition of United's recognized product line and established manufacturing will broaden Middleby’s offerings and expedite new product introductions in China, signaling a commitment to growth in this key region.

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The Middleby Corporation (NASDAQ: MIDD) announced the launch of Bluezone by Middleby, an advanced air purification technology that effectively destroys 99.9995% of viruses, including COVID-19. This innovation follows an exclusive licensing agreement with Bluezone Products Inc. and aims to enhance indoor air quality in restaurants and other venues. CEO Tim FitzGerald highlighted the pressing need for improved air quality in response to indoor dining restrictions and customer concerns. Bluezone units are now available for use in various indoor spaces, promising increased safety and comfort.

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FAQ

What is the current stock price of Middleby (MIDD)?

The current stock price of Middleby (MIDD) is $144.68 as of July 30, 2025.

What is the market cap of Middleby (MIDD)?

The market cap of Middleby (MIDD) is approximately 8.0B.
Middleby Corp

Nasdaq:MIDD

MIDD Rankings

MIDD Stock Data

7.98B
52.46M
1.29%
111.25%
5.79%
Specialty Industrial Machinery
Refrigeration & Service Industry Machinery
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United States
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