secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLEBY Corp (MIDD)
CIK:        0000769520
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001157523-23-001676
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Middleby Q3 adjusted EBITDA $224M, EPS $2.35; organic sales down 4.4%
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- Net sales fell 1.2% YoY; organic sales down 4.4% due to de-stocking in Commercial Foodservice and Residential Kitchen.
- Record Q3 adjusted EBITDA of $224M (up from $212M); operating cash flow $219M.
- Diluted EPS $2.01; adjusted EPS $2.35, up 8% YoY.
- Net leverage reduced to 2.75x; completed acquisitions of Terry Water Solutions and Trade-Wind.
- Residential Kitchen segment organic sales declined 21%; Food Processing up 1.2%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/769520/000115752323001676/0001157523-23-001676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/769520/000115752323001676/a53781841.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001676

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