secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLEBY Corp (MIDD)
CIK:        0000769520
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0000769520-25-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Middleby Q4 adj. EPS $2.88, record adj. EBITDA $251M, organic sales down 1.3%
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- Net sales $1,014M (+0.5% reported, -1.3% organic); diluted EPS $2.07, adjusted EPS $2.88.
- Record adjusted EBITDA $251M (24.8% margin); operating income $170M (16.8% of sales).
- Record operating cash flow $687M for FY2024; net leverage reduced to 2.0x.
- Repurchased $16.4M shares in Q4, ~$20M in Q1 2025; acquisitions completed (JC Ford, Gorreri).
- Impairment charges $38.6M vs $78.1M prior year; residential organic sales -2.4%, food processing +4.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/769520/000076952025000004/0000769520-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/769520/000076952025000004/midd-20250225.htm
  HTML page:      https://secwatch.observer/filing/0000769520-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer