Middleby Q1 beats high end of guidance; raises FY 2026 outlook; spin on track for July 6

MIDDLEBY Corp

2026-Q1 EPS reported -$1.06 vs consensus $1.98 ▼ miss (-153.6%)

Net sales $840M (+15% YoY); GAAP EPS $1.81; Adj. EPS $2.16, exceeding high end of guidance.
Organic sales growth: Commercial Foodservice +8.1%, Food Processing +25%; Adj. EBITDA $181M vs $161M.
Raises full-year 2026 guidance; expects Adjusted EPS $9.54-9.70.
Food Processing spin-off on track for July 6, 2026; repurchased 3.5M shares (7.1%) YTD.
Net leverage 2.3x; cash from operations $87.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MIDDLEBY Corp reported first quarter ended April 4, 2026 results: revenue $840 million, EPS $1.81. Guidance raised.

Period: first quarter ended April 4, 2026
Revenue: $840 million
EPS: $1.81
Guidance: raised
Result: reported results

Exact text from the filing

2026 • Repurchased 2.4 million shares (4.9% of equity) in Q1 2026 and 3.5 million shares (7.1% of equity) YTD 2026 FIRST QUARTER CONTINUING OPERATIONS HIGHLIGHTS • Net Sales of $840 million increased 15% over prior year; 12% on organic basis • Operating income of $133 million as compared to $130 million in prior year, includes $9.9 million for strategic transaction

View on SEC.gov

Browse all earnings releases →

MIDDLEBY Corp filing history →

Source: SEC EDGAR

accession 0000769520-26-000026

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.