secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLEBY Corp (MIDD)
CIK:        0000769520
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001157523-21-001373
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Middleby Q3 net sales up 28.8% to $817.5M; adj EPS $1.92, record backlog $1.2B
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- GAAP net earnings $176.0M ($3.09 diluted EPS); adjusted net earnings $106.4M ($1.92 adjusted diluted EPS).
- Organic net sales growth 22.4% across all segments; commercial foodservice organic sales +31.9%, residential +14.2%.
- Record backlog of $1.2B vs $522.7M at FY-end 2020, driven by strong order growth.
- Adjusted EBITDA $172.2M (21.1% margin); operating cash flow $173.7M, including $77.3M termination fee net of taxes.
- CEO cites supply chain disruptions and inflation; proactive pricing adjustments expected to benefit Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/769520/000115752321001373/0001157523-21-001373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/769520/000115752321001373/a52525958.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001373

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