---
schema_version: "secwatch.filing_event.v1"
accession: "0000769520-24-000013"
form_type: "8-K"
ticker: "MIDD"
cik: "0000769520"
company_name: "MIDDLEBY Corp"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:41:59.060352+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Middleby Q1 net sales down 8% to $927M; adjusted EPS $1.89

## Summary
- Net sales $927M, down 8.0% YoY (organic -8.7%); GAAP EPS $1.59, adjusted EPS $1.89.
- Adjusted EBITDA $186M (20.0% margin vs 20.9% prior year); organic margin 20.1%.
- Operating cash flow $141M, up from $92M; net leverage reduced to 2.4x.
- CEO expects improved Q2; segment organic sales: Commercial -4.2%, Residential -22.3%, Food Processing -7.7%.

## SEC filing metadata
- accession: 0000769520-24-000013
- form_type: 8-K
- ticker: MIDD
- cik: 0000769520
- company_name: MIDDLEBY Corp
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/769520/000076952024000013/0000769520-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/769520/000076952024000013/midd-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000769520-24-000013
- JSON: https://secwatch.observer/filing/0000769520-24-000013.json
- Plain text: https://secwatch.observer/filing/0000769520-24-000013.txt

## Key facts
- Earnings Releases
  MIDDLEBY Corp reported first quarter ended March 30, 2024 results: revenue Net sales of $927 million, EPS Diluted earnings per share of $1.59 and adjusted net earnings per share of $1.89.
  - Period: first quarter ended March 30, 2024
  - Revenue: Net sales of $927 million
  - EPS: Diluted earnings per share of $1.59 and adjusted net earnings per share of $1.89
  - Result: reported results
  source text: --- EX-99.1 (EX-99.1) --- 1400 Toastmaster Drive, Elgin, Illinois 60120 (847) 741-3300 www.middleby.com The Middleby Corporation Reports First Quarter Results • Net sales of $927 million • Adjusted EBITDA of $186 million • Organic adjusted EBITDA margin of 20.1% • Operating cash flows of $141 million • Diluted earnings per share of $1.59 and adjusted net earnings
  evidence_url: https://www.sec.gov/Archives/edgar/data/769520/000076952024000013/0000769520-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.