The Middleby Corporation reported record third-quarter net sales of $652.6 million, a 7.7% increase year over year, with adjusted EBITDA rising 10% to $155.8 million and adjusted EPS increasing 19% to $2.07. The company raised its full-year 2026 organic net sales growth guidance to +7-8% and announced that Steve Spittle will succeed Tim FitzGerald as CEO on April 1, 2027. Additionally, Middleby entered into an amended $3 billion credit facility and repurchased 1.0 million shares in the quarter for $106.5 million. The company operates in the commercial foodservice equipment industry.
