Middleby Q3 results top guidance; records $709M impairment on Residential Kitchen review

MIDDLEBY Corp

2025-Q3 EPS reported -$6.02 vs consensus $2.11 ▼ miss (-385.1%)

Net sales $982M (+4.2% YoY); organic sales flat; adjusted EPS $2.37 vs $2.33 prior year.
Non-cash impairment of $709.1M related to strategic review of Residential Kitchen business; operating income $(554)M.
Adjusted EBITDA $196.4M vs $213M prior year; $12M tariff impact in quarter.
YTD share repurchases of 3.5M shares for ~$500M (6.4% of equity); net leverage 2.3x.
Q4 guidance: rev $990-1,020M; adj EBITDA $200-210M; adj EPS $2.19-2.34; FY rev $3.85-3.89B.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.