secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLEBY Corp (MIDD)
CIK:        0000769520
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001157523-23-001241
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Middleby reports record Q2 revenue $1.04B, adj EPS $2.47 (+11% YoY)
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- Revenue $1,040M (+3% YoY); diluted EPS $2.16, adjusted EPS $2.47 (+11% YoY).
- Adjusted EBITDA $228.7M (+9% YoY); organic adj EBITDA margin 22.0% vs 20.7% prior year.
- Commercial Foodservice organic sales +2.9%, Food Processing +26.7%; Residential Kitchen -26.8% due to housing headwinds.
- Completed acquisitions of Blue Sparq (digital/controls), Filtration Automation (oil filtration), and Trade-Wind (residential ventilation).
- Operating cash flow first-half $154M vs $89.5M; net debt $2.6B, leverage 2.9x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/769520/000115752323001241/0001157523-23-001241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/769520/000115752323001241/a53506840.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001241

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