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Middleby(MIDD) - 2025 Q3 - Earnings Call Presentation
2025-11-06 13:30
Financial Performance - Net sales increased by 4.2% from $942.8 million to $982.1 million[4] - Operating income decreased by 10.7% from $173.4 million to $154.9 million[4] - Net earnings decreased by 13.0% from $114.2 million to $99.3 million[4] - Adjusted EBITDA decreased by 7.8% from $213.0 million to $196.4 million[4] - Operating cash flow increased by 12.5% from $156.7 million to $176.3 million[4] Segment Performance - Commercial Foodservice net sales increased by 2.4% to $606.0 million[9] - Residential Kitchen net sales increased by 0.9% to $174.8 million[13] - Food Processing net sales increased by 13.2% to $201.3 million[16] Regional Revenue (YTD Proforma) - United States and Canada accounted for 68% of revenue[7] - Europe and Middle East accounted for 22% of revenue[7] - Asia accounted for 6% of revenue[7] - Latin America accounted for 4% of revenue[7] Outlook and Initiatives - Q4 2025 total revenue guidance is $990-1,020 million[19] - Full year 2025 total revenue guidance is $3.85-3.89 billion[19] - The company expects to reduce shares outstanding by 6-8% annually through repurchases[25]