Welcome to our dedicated page for Middleby news (Ticker: MIDD), a resource for investors and traders seeking the latest updates and insights on Middleby stock.
Middleby Corp reports developments tied to its global foodservice equipment business, including commercial foodservice systems and food processing solutions. Company updates commonly cover quarterly operating results, organic sales trends, adjusted EBITDA measures, leverage under credit agreements, and demand across its Commercial Foodservice and Food Processing activities.
Middleby news also includes governance and capital-structure matters, such as leadership appointments, board and shareholder-voting updates, share repurchases, and portfolio actions. Its completed sale of a majority stake in the Residential Kitchen business is part of the company's recent corporate-structure history, while recurring disclosures continue to focus on equipment manufacturing, innovation centers, and financial performance.
Middleby (NASDAQ:MIDD) outlined its post-separation growth strategy at its 2026 Investor Day, ahead of the expected July 6, 2026 spin-off of Midera.
Middleby (Commercial Foodservice) targets 2025-2028 organic net sales CAGR of 3-6%, adj. EBITDA CAGR of 6-9%, 200-400 bps margin expansion, and adj. EPS CAGR of 10-15%.
Midera (Food Processing) targets organic net sales CAGR of 5-7%, 2028E standalone adj. EBITDA margin of 20-23%, and M&A capacity above $700 million over three years.
Middleby (Nasdaq:MIDD) is launching its Food Processing business as Midera Food Processing, a standalone, pure-play food processing company with more than 30 global brands. The rebrand emphasizes technology-driven, total line solutions and a distinct corporate identity.
The separation into an independent public company is expected on July 6, 2026 via a distribution of one Midera share for each Middleby share. Midera plans to list on the Nasdaq Global Select Market under ticker MFP. Middleby and Midera will outline strategies at an Investor Day on May 12, 2026.
The Middleby Corporation (NASDAQ: MIDD) reported Q1 2026 continuing-operations results: Net sales $839.9M (+15.0% reported, +11.9% organic), Adjusted EBITDA $180.6M, and Adjusted EPS $2.16. Food Processing organic sales rose 25% with backlog of $416M. Company repurchased ~3.5M shares YTD (7.1%) and has deployed over $520M in buybacks. Q1 operating cash flow was $87.8M and ending net leverage was 2.3x. Management raised FY2026 guidance and confirmed a planned Food Processing spin-off on July 6, 2026.
Middleby (NASDAQ: MIDD) filed a Form 10 on May 4, 2026 to spin off Middleby Food Processing, targeting a separation effective July 6, 2026, subject to customary conditions. Middleby Food Processing expects to list as MFP on Nasdaq and will host Investor Day on May 12, 2026.
Key metrics: 2025 net sales >$850 million, ~20% adjusted EBITDA margin, ~12% CAGR (2019–2025); projected net debt at close $200–$225 million (~1.25x estimated standalone adjusted EBITDA).
Middleby (NASDAQ: MIDD) will release 2026 first quarter earnings on Thursday, May 7, 2026 at 7:00 a.m. ET and will host a conference call at 10:00 a.m. ET the same day.
Investors can join via the company Investor Relations website or by domestic dial-in 1-844-676-5090 and international dial-in 1-412-634-6754.
The Middleby Corporation (NASDAQ: MIDD) will host an Investor Day on May 12, 2026 in New York City ahead of a planned separation into two independent public companies in Q2 2026.
Leadership from Middleby Corporation and Middleby Food Processing will present strategies, roadmaps, and hold a Q&A; a live webcast and replay will be available via the company website. In-person attendance is by invitation; requests directed to ICREvents@icrinc.com.
Middleby (NASDAQ: MIDD) named Amy Campbell as Chief Financial Officer of its Food Processing business, effective immediately, completing the executive leadership team ahead of the planned spin-off in Q2 2026.
The move follows Mark Salman as CEO and positions the unit to pursue an independent capital allocation and growth strategy as a public company.
Middleby (NASDAQ: MIDD) named Brittany Cerwin as Chief Financial Officer, effective immediately, succeeding Bryan Mittelman, who becomes Special Advisor to the CEO.
Cerwin has been with Middleby since 2011, led global finance through a period when revenues rose threefold and earnings grew fivefold, and will guide finances as the company completes a Food Processing spin-off expected by end of Q2 2026.
The Middleby Corporation (NASDAQ: MIDD) reported fourth-quarter continuing operations net sales of $866.4M (up 5% YoY) and adjusted EBITDA of $197.1M. Management completed a 51% sale of its Residential Kitchen business at an $885M valuation, receiving ~$565M cash plus a $135M note while retaining 49%.
Middleby repurchased ~$710M of shares in 2025 (~4.9M shares, 9.1%) and began FY2026 with renewed guidance: FY2026 adjusted EPS of $9.20–9.36 and organic growth guidance for Commercial Foodservice +1–3% and Food Processing +4–6%.
Middleby (NASDAQ: MIDD) named Mark Salman CEO of its Food Processing business and Mark Bowie COO, effective upon a planned spin-off in Q2 2026. The Food Processing segment reported $850 million revenue in 2025 and grew from $390 million in 2018.
Salman led integration of 16 acquisitions totaling about $300 million in combined annual revenues; the separation aims to accelerate growth and allow independent capital allocation.