earnings
confidence high
sentiment negative
materiality 0.75
Middleby Q2 adjusted EBITDA down 7.5% to $200M; initiates FY25 guidance
MIDDLEBY Corp
2025-Q2 EPS
reported $3.68
vs consensus $2.28
▲ beat
(+61.7%)
- Operating income $155M vs $176M prior year; adjusted EBITDA $200M vs $216M, including $10M tariff impact.
- Net sales down 1.4% reported, organic down 5.4%; Food Processing up 14.4% on acquisitions.
- Repurchased $322.7M in Q2, total $448.9M through July, 5.7% of equity.
- Q3 guidance: revenue $950-975M, adj. EBITDA $185-195M, adj. EPS $2.04-2.19.
- FY2025 guidance: revenue $3.81-3.87B, adj. EBITDA $770-800M, adj. EPS $8.65-9.05.