Earnings ·
The Middleby Corporation reported second quarter 2026 financial results on August 11, 2026, following the July 6…
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.