---
schema_version: "secwatch.filing_event.v1"
accession: "0000769520-24-000037"
form_type: "8-K"
ticker: "MIDD"
cik: "0000769520"
company_name: "MIDDLEBY Corp"
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:49:14.680671+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Middleby Q3 net sales $943M, down 4.1% organic; EPS $2.11 adj $2.33; CEO cites challenging macro

## Summary
- Net sales of $943M, down 3.9% reported and 4.1% organic YoY; diluted GAAP EPS $2.11, adjusted EPS $2.33.
- Operating income $173.4M (18.4% sales); adjusted EBITDA $213M (22.6% organic margin); operating cash flow $157M.
- Commercial Foodservice segment sales down 5.3% organic; Residential down 4.5%; Food Processing up 0.7%.
- Net leverage reduced to 2.2x; net debt $1.8B vs $2.2B end FY2023; borrowing availability $2.8B.
- Completed acquisition of Emery Thompson; CEO expects macro improvement in 2025 driving multi-year recovery.

## SEC filing metadata
- accession: 0000769520-24-000037
- form_type: 8-K
- ticker: MIDD
- cik: 0000769520
- company_name: MIDDLEBY Corp
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/769520/000076952024000037/0000769520-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/769520/000076952024000037/midd-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000769520-24-000037
- JSON: https://secwatch.observer/filing/0000769520-24-000037.json
- Plain text: https://secwatch.observer/filing/0000769520-24-000037.txt

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