---
schema_version: "secwatch.filing_event.v1"
accession: "0000769520-25-000013"
form_type: "8-K"
ticker: "MIDD"
cik: "0000769520"
company_name: "MIDDLEBY Corp"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:49:15.648074+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Middleby Q1 adj EBITDA $182M; Board adds 7.5M shares to buyback (21% of equity)

## Summary
- 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.

## SEC filing metadata
- accession: 0000769520-25-000013
- form_type: 8-K
- ticker: MIDD
- cik: 0000769520
- company_name: MIDDLEBY Corp
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/769520/000076952025000013/0000769520-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/769520/000076952025000013/midd-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000769520-25-000013
- JSON: https://secwatch.observer/filing/0000769520-25-000013.json
- Plain text: https://secwatch.observer/filing/0000769520-25-000013.txt

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