By Karen Roman The Middleby Corp. (Nasdaq: MIDD) said net sales increased 5% in the fourth quarter of 2025 compared to the previous year reaching $866 million. Food processing orders grew 66% organically with a year-end backlog up 36%, while adjusted EBITDA was $197 million compared to $226 million, and adjusted EPS was $2.14 or $2.42 if residential kitchen was not classified as discontinued operations, it stated. Fiscal outlook for 2026 expects net sales growth between 1-3% in commercial foodservice a ...

Total federal debt is nearing an ominous milestone in a few years, but a potentially more troubling tipping point could also arrive soon. According to the latest projections from the Congressional Budget Office, publicly held debt is currently at $31 trillion and is about 100% of GDP. By fiscal year 2030, debt is expected to exceed the 106% record set after World War II, then surge to 120% by 2036. Fueling that accumulation are annual debt interest costs, which will more than double from today’s levels ...