---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-000597"
form_type: "8-K"
ticker: "MIDD"
cik: "0000769520"
company_name: "MIDDLEBY Corp"
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T22:05:12.055597+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Middleby Q1 net sales $994.7M, adj. EPS $2.13; records amid supply challenges

## Summary
- Net earnings $85.8M ($1.52 diluted EPS); adjusted net earnings $116.3M ($2.13 adjusted diluted EPS).
- Net sales $994.7M, +31.2% reported; organic growth 11.7% across all segments.
- Adjusted EBITDA $197.3M (19.8% margin); operating cash flow deficit $15.3M due to inventory build.
- Backlog at record; CEO expects improvement in H2 2022 and into 2023.
- Leverage ratio 3.1x; net debt $2.5B; borrowing availability ~$2.0B.

## SEC filing metadata
- accession: 0001157523-22-000597
- form_type: 8-K
- ticker: MIDD
- cik: 0000769520
- company_name: MIDDLEBY Corp
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/769520/000115752322000597/0001157523-22-000597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/769520/000115752322000597/a52713711.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-000597
- JSON: https://secwatch.observer/filing/0001157523-22-000597.json
- Plain text: https://secwatch.observer/filing/0001157523-22-000597.txt

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