Earnings ·
Middleby reports Q2 net sales of $875.5M and raises full-year Commercial Foodservice revenue growth guidance to 6-8%
MIDDMIDDLEBY Corp
The Middleby Corporation reported second quarter 2026 financial results on August 11, 2026, following the July 6 completion of its Food Processing business spin-off into Midera. Net sales for continuing operations reached $875.5 million, a 9.9% increase year-over-year, with organic growth of 6.4%. Adjusted EBITDA rose to $193.2 million from $181.6 million in the prior year period. Diluted GAAP EPS was $1.20 compared to $1.91 previously, while Adjusted EPS increased to $2.35 from $2.20. The company raised its full-year 2026 revenue growth guidance for Commercial Foodservice to 6-8% and reported net leverage of 2.4x. Additionally, Middleby repurchased 1.4 million shares in the quarter. The Middleby Corporation is a global leader in commercial foodservice solutions.