Highest-materiality recent filing
Middleby Board approves spin-off of Midera Food Processing; distribution ratio 1:1
Distribution of all Midera shares to Middleby holders at ratio of 1 Midera share for each MIDD share.
Middleby sets record date June 26 for spin-off of Midera; distribution expected July 6
SEC declared Form 10 effective June 17, 2026 for Midera spin-off.
Middleby unveils 3-year outlook as two independent companies; Midera spin-off expected July 6, 2026
Middleby (Commercial Foodservice) targets organic net sales CAGR 3-6%, adj. EBITDA CAGR 6-9%, adj. EPS CAGR 10-15% (2025-2028).
Middleby to spin off Food Processing as Midera; distribution expected July 6, 2026
Food Processing business renamed Midera Food Processing, Inc.; will be a standalone public company.
Middleby Q1 beats high end of guidance; raises FY 2026 outlook; spin on track for July 6
Net sales $840M (+15% YoY); GAAP EPS $1.81; Adj. EPS $2.16, exceeding high end of guidance.
Middleby files Form 10 for spin-off of Food Processing; completion target July 6, 2026
Spin-off of Middleby Food Processing as standalone public company; 1 MFP share per MIDD share as dividend.
Middleby appoints Brittany Cerwin CFO; Bryan Mittelman becomes Special Advisor for spin-off
Brittany Cerwin, previously Chief Accounting Officer, named CFO effective March 25, 2026.
Middleby appoints former Labcorp CFO Glenn Eisenberg to Board of Directors
Eisenberg appointed effective March 1, 2026; Board expands to 12 members.
Middleby Q4 revenue $866M (+5% YoY), adj. EPS $2.14; guides FY26 adj. EPS $9.20-9.36
Q4 net sales $866M (+5% YoY, marginally positive organic); adjusted EBITDA $197M vs $226M prior year.
Middleby names Salman CEO, Bowie COO of Food Processing business for Q2 2026 spin-off
Mark Salman, current Food Processing president, will become CEO when the business spins off in Q2 2026.
Middleby completes sale of 51% stake in Residential Kitchen to 26North for $540M cash
Proceeds $540M cash plus $135M seller note; Middleby retains 49% non-controlling interest in JV.
Middleby sells 51% of Residential Kitchen to 26North at $885M valuation; gets ~$540M cash
Middleby sells 51% stake in Residential Kitchen to affiliates of 26North; enterprise value $885M.
Middleby Q3 results top guidance; records $709M impairment on Residential Kitchen review
Net sales $982M (+4.2% YoY); organic sales flat; adjusted EPS $2.37 vs $2.33 prior year.
Middleby extends credit facility maturity to 2028, supports food processing spin-off
Maturity of $1.5B credit facility extended from Oct 2026 to Apr 2028.
Middleby Q2 adjusted EBITDA down 7.5% to $200M; initiates FY25 guidance
Operating income $155M vs $176M prior year; adjusted EBITDA $200M vs $216M, including $10M tariff impact.
Middleby Q1 adj EBITDA $182M; Board adds 7.5M shares to buyback (21% of equity)
Net sales down 2.2% YoY; adjusted EBITDA $182.1M vs $185.8M prior year.
Middleby Q4 adj. EPS $2.88, record adj. EBITDA $251M, organic sales down 1.3%
Net sales $1,014M (+0.5% reported, -1.3% organic); diluted EPS $2.07, adjusted EPS $2.88.
Middleby to spin off food processing unit as standalone public company by early 2026
Spin-off of food processing business expected to be tax-free, completed early 2026; creates two independent companies.
Middleby confirms strategic review; may separate Food Processing or Residential Kitchen units
Board-directed review started last year; advanced stages, conclusion expected in months.
Middleby Q3 net sales $943M, down 4.1% organic; EPS $2.11 adj $2.33; CEO cites challenging macro
Net sales of $943M, down 3.9% reported and 4.1% organic YoY; diluted GAAP EPS $2.11, adjusted EPS $2.33.
Middleby Q2 net sales $992M (-4.7% YoY); EPS $2.13 ($2.39 adjusted)
Diluted GAAP EPS $2.13; adjusted EPS $2.39; operating income $176M (17.7% of sales).
Middleby Q1 net sales down 8% to $927M; adjusted EPS $1.89
Net sales $927M, down 8.0% YoY (organic -8.7%); GAAP EPS $1.59, adjusted EPS $1.89.
Middleby reports record Q4 adjusted EBITDA $235M, up 1% YoY; adjusted EPS $2.65
Record Q4 adjusted EBITDA $235M (+1% YoY); organic adjusted EBITDA margin 23.6% vs 22.6% prior year.
Middleby Q3 adjusted EBITDA $224M, EPS $2.35; organic sales down 4.4%
Net sales fell 1.2% YoY; organic sales down 4.4% due to de-stocking in Commercial Foodservice and Residential Kitchen.
Middleby reports record Q2 revenue $1.04B, adj EPS $2.47 (+11% YoY)
Revenue $1,040M (+3% YoY); diluted EPS $2.16, adjusted EPS $2.47 (+11% YoY).
Middleby announces retirement of officer Martin Lindsay and appointments of Cerwin and Fuchsen
Martin M. Lindsay retired as Chief Risk and Administration Officer, Treasurer and Secretary effective May 16, 2023.
Middleby posts record Q1 revenue $1.007B; adjusted EPS $2.19, +3%; EBITDA margin 21.1%
Revenue $1,007M (+1% YoY); diluted EPS $1.82, adjusted EPS $2.19 (+3%).
Middleby reports record Q4 revenue $1.03B, EPS $2.45; organic sales up 14%
Revenue $1,032M (+19.1% YoY); diluted EPS $2.45, adjusted EPS $2.57 (+21.8%).
Middleby Q3 revenue $993M (+21.5% YoY); adj. EPS $2.18 (+13.5%)
Revenue $993M, up 21.5% YoY; organic sales up 14.2% excluding acquisitions and FX.
Middleby Q2 net sales $1.01B (+25% YoY), adjusted EPS $2.23
Net sales $1,013.6M (+25.3% YoY); organic sales +13.3% YoY; record quarterly sales.
Middleby adds 2.5M share buyback authorization, shareholders reelect all directors
All 7 director nominees elected; votes ranged from 40.7M to 45.2M for each.
Middleby Q1 net sales $994.7M, adj. EPS $2.13; records amid supply challenges
Net earnings $85.8M ($1.52 diluted EPS); adjusted net earnings $116.3M ($2.13 adjusted diluted EPS).
Middleby Q4 net sales $866.4M, adjusted EPS $2.11, record backlog $1.4B
Q4 net sales $866.4M (+18.8% YoY); organic sales growth 12.6% excluding acquisitions and FX.
Middleby Q3 net sales up 28.8% to $817.5M; adj EPS $1.92, record backlog $1.2B
GAAP net earnings $176.0M ($3.09 diluted EPS); adjusted net earnings $106.4M ($1.92 adjusted diluted EPS).
John R. Miller III notified the Board of his intent to retire from the Board, effective upon the completion of the 2025 Annual Meeting.
appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
appointed Julie Bowerman and Mr. Garden as directors of the Company to fill the vacancies so created.
On January 12, 2024, the Board of Directors (the “Board”) of The Middleby Corporation (the “Company”) increased the size of the Board from seven (7) to nine (9) directors and appointed Tejas P. Shah and Steven R. Scherger as directors of the Company to fill the vacancies so created.
On January 12, 2024, the Board of Directors (the “Board”) of The Middleby Corporation (the “Company”) increased the size of the Board from seven (7) to nine (9) directors and appointed Tejas P. Shah and Steven R. Scherger as directors of the Company to fill the vacancies so created.
On May 16, 2023, the Company issued a press release announcing the retirement of Mr. Lindsay and the appointments of Ms. Cerwin and Matthew Fuchsen as Chief Accounting Officer and Chief Development Officer, respectively.
On May 16, 2023, The Middleby Corporation (the “Company”) announced the retirement of Martin M. Lindsay from his position as Chief Risk and Administration Officer, Treasurer and Secretary, effective as of May 16, 2023.
Effective May 16, 2023, the Board of Directors of the Company (the “Board”) appointed Brittany Cerwin (age 39) as Chief Accounting Officer.
Max materiality 0.85 · Median 0.70 · Most common event earnings