earnings
confidence high
sentiment neutral
materiality 0.75
Middleby Q1 adj EBITDA $182M; Board adds 7.5M shares to buyback (21% of equity)
MIDDLEBY Corp
2025-Q1 EPS reported
$1.69
revenue$906,627,000
- Net sales down 2.2% YoY; adjusted EBITDA $182.1M vs $185.8M prior year.
- Operating income $141M; operating cash flow $141.1M; net leverage 2.0x.
- Board authorized additional 7.5M shares repurchase; total 11.4M shares available (21% of equity).
- Targets vast majority of free cash flow for buybacks; YTD repurchased ~$50M.
- Tariff impact estimated $150M-$200M annual cost; expects full offset by year-end via pricing/initiatives.