secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLEBY Corp (MIDD)
CIK:        0000769520
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0000769520-25-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/769520/000076952025000028/0000769520-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/769520/000076952025000028/midd-20251106.htm
  HTML page:      https://secwatch.observer/filing/0000769520-25-000028

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