Key Takeaways MIDD Q2 EPS of $2.35 beat estimates, while revenues fell 1.4% to $977.9M on a 5.4% organic sales decline.Food Processing sales rose 14.4% on acquisitions, offsetting Commercial and Residential segment weakness.MIDD provided 2025 guidance and remains on track to spin off its food processing unit by H1 2026.The Middleby Corporation (MIDD) reported second-quarter 2025 adjusted earnings of $2.35 per share, which beat the Zacks Consensus Estimate of $2.20. The bottom line decreased 1.7% year over y ...

The Middleby (MIDD) Q2 2025 Earnings Call August 06, 2025 11:00 AM ET Company ParticipantsTimothy FitzGerald - CEO & DirectorBryan Mittelman - CFOSaree Boroditsky - SVP - Multi-IndustrialsJoseph Grabowski - Senior Research AssociateSteve Spittle - Chief Commercial OfficerJeffrey Hammond - Managing DirectorTami Zakaria - Executive DirectorJames Pool - Chief Technology & Operations OfficerConference Call ParticipantsTim Thein - Managing Director & Research AnalystBrian McNamara - MD & Senior Analyst - Consume ...

The Middleby (MIDD) Q2 2025 Earnings Call August 06, 2025 11:00 AM ET Speaker0Good day, and welcome to the Middleby Corporation Second Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. On today's call are Mr. Tim Fitzgerald, CEO Mr. Brian Mittelman, CFO Mr.James Poole, CTO and COO and Mr. Steve Spittle, CCO. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the confere ...

Q2 Earnings Update August 6, 2025 1 CAUTIONARY STATEMENTS Safe Harbor Statement Statements in this press release or otherwise attributable to the company regarding the company's business which are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The company cautions investors that such statements are estimates of future performance and are highly dependent upon a variety of important factors that could ca ...

Middleby (MIDD) reported $977.86 million in revenue for the quarter ended June 2025, representing a year-over-year decline of 1.4%. EPS of $2.35 for the same period compares to $2.39 a year ago.The reported revenue represents a surprise of +0.31% over the Zacks Consensus Estimate of $974.87 million. With the consensus EPS estimate being $2.20, the EPS surprise was +6.82%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Middleby (MIDD) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.2 per share. This compares to earnings of $2.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.82%. A quarter ago, it was expected that this food preparation equipment company would post earnings of $1.94 per share when it actually produced earnings of $2.08, delivering a surprise of +7.22%.Over the last four qua ...

The Middleby Corporation Reports Second Quarter Results Elgin, Ill, August 6, 2025 - The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the second quarter of 2025. Tim FitzGerald, CEO of The Middleby Corporation said, "Our second quarter results reflect the economic uncertainty our customers continue to navigate in key end markets. Despite these headwinds, ...

Core Insights - Insider buying activity has surged at three major companies, with executives investing over $170 million, indicating strong confidence in their future performance [1] Group 1: Builders FirstSource (BLDR) - Multiple directors, including Chairman Paul S. Levy, have purchased shares, with Levy investing approximately $55.4 million on May 8 [1][2] - Following Levy's purchase, BLDR shares increased by around 20%, outperforming the S&P 500's 11% gain during the same period [3] Group 2: UnitedHealth Group (UNH) - Stephen J. Hemsley, the new CEO and Chairman, bought approximately $25 million worth of shares on May 16, signaling confidence in the company's future [5][6] - Under Hemsley's previous leadership from 2006 to 2017, UNH shares provided a total return of 360%, significantly outperforming the S&P 500 [8] Group 3: Middleby (MIDD) - Director Edward P. Garden purchased over $93 million in Middleby stock from May 9 to May 21, increasing his stake from approximately 5% to 6% [10][11] - Garden aims to focus the company on its commercial foodservice segment, and the company announced plans to spin off its food processing business [12]

Group 1 - The Middleby Corporation (NASDAQ: MIDD) was identified as an attractive investment opportunity due to its continued growth and low share price [1] - The company has been highlighted for its potential value and growth prospects in the market [1] Group 2 - Crude Value Insights provides an investing service focused on oil and natural gas, emphasizing cash flow and companies that generate it [1] - Subscribers have access to a stock model account, in-depth cash flow analyses of exploration and production firms, and live discussions about the sector [2]

Core Insights - The Middleby Corporation reported first-quarter 2025 adjusted earnings of $2.08 per share, exceeding the Zacks Consensus Estimate of $1.94, marking a year-over-year increase of 10.1% due to lower costs [1] - Net revenues for the quarter were $906.6 million, falling short of the consensus estimate of $941 million, representing a year-over-year decrease of 2.2% [2] Financial Performance - The Commercial Foodservice Equipment Group segment, accounting for 62.1% of net sales, generated $562.7 million, down 3.2% year over year, with organic sales decreasing by 2.8% [2] - The Residential Kitchen Equipment Group segment, representing 19.4% of total sales, reported $176 million, an increase of 1.2% year over year, with organic sales up by 2% [3] - The Food Processing Equipment Group segment, making up 18.5% of sales, totaled $167.9 million, down 2.2% year over year, with organic sales decreasing by 12.9% [4] Margin and Cost Analysis - Cost of sales decreased by 3.4% year over year to $560.7 million, while gross profit slightly declined by 0.1% to $345.9 million, resulting in a gross margin of 38.2%, an increase of 80 basis points from the previous year [5] - Selling, general and administrative expenses fell by 1.7% year over year to $202.6 million, leading to a 2.5% increase in operating income to $140.6 million, with an operating margin increase of 70 basis points to 15.5% [5] Cash Flow and Balance Sheet - As of the end of the first quarter, Middleby had cash and cash equivalents of $745.1 million, up from $689.5 million at the end of December 2024, with long-term debt slightly decreasing to $2.34 billion [7] - The company generated net cash of $141.1 million from operating activities in the first three months of 2025, compared to $140.9 million in the same period last year [7] - Capital expenditure for the quarter was $33.7 million, significantly higher than $13.7 million in the year-ago period, while free cash flow decreased to $107.4 million from $127.2 million [8] Strategic Developments - Middleby is on track to spin off its food processing business into a standalone public company, expected to be completed by early 2026, aiming to create two independent companies focused on different market segments [9][10]