The Middleby Corporation (MIDD)
Summary
Middleby: The Focus Is Solely On Commercial Foodservice
Middleby Corporation spun off its Food Processing segment into Midera, sharpening focus on commercial foodservice equipment. MIDD reported Q2 2026 revenue of $875.55M, achieving nearly 10% year-over-year growth with 6.5% organic growth. Non-GAAP EPS beat estimates by $0.26, resulting from heavy stock buybacks but also strong operational performance.
Middleby's Q2 Earnings Beat Estimates on Commercial Foodservice Strength
MIDD's Q2 earnings and sales beat estimates as Commercial Foodservice demand rose, while tariffs and inflation pressured margins.
Middleby Q2 Earnings Call Highlights
Middleby NASDAQ: MIDD said its transformation into a focused commercial foodservice equipment company is complete after the company sold a controlling stake in its residential kitchen business and spun off its food processing operations.
The Middleby Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 15 | $2,008.62 | $2,003.7 | -$4.92 | -0.24% |
 Curtis Ellergodt Rothschild Investment LLC | 582 | $77,501.37 | $77,743.56 | $242.19 | 0.31% |
| PN Peter Nicholson First Bancorp Inc. /ME/ | 98 | $16,856.98 | $12,769.4 | -$4,087.58 | -24.25% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 14 | $1,974.41 | $1,679.86 | -$294.55 | -14.92% |
| NA Nizar Araji National Bank Of Canada /FI/ | 38,342 | $5.19M | $5.16M | -$36,424.9 | -0.7% |
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The Middleby Corporation Profile
| Machinery Industry | Industrials Sector | Timothy FitzGerald CEO | NASDAQ (NGS) Exchange | 596278101 CUSIP |
| US Country | 8,826 Employees | 2 Jun 2004 Last Dividend | 18 Jun 2007 Last Split | 17 Mar 1992 IPO Date |
Overview
The Middleby Corporation, with its inception in 1888 and a historical name change from Middleby Marshall Oven Company in 1985, stands as a global leader in the design, marketing, manufacture, distribution, and service of a broad spectrum of products. These serve the foodservice, food processing, and residential kitchen sectors. Operating from its base in Elgin, Illinois, The Middleby Corporation caters to a diverse clientele worldwide, emphasizing innovation and efficiency across its product range.
Products and Services
The company’s offerings are segmented into three primary groups: Commercial Foodservice Equipment, Food Processing Equipment, and Residential Kitchen Equipment. Each segment caters to a specific market need with a wide array of products.
- Commercial Foodservice Equipment Group: Includes a variety of ovens (conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection), cooking ranges, fryers, rethermalizers, steam cookers, food warmers, catering equipment, induction cooktops, and countertop cooking equipment. Also includes ventless cooking systems, kitchen ventilation, heated cabinets, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrications, custom millwork, and various cooling products like refrigerators, blast chillers, ice machines, and freezers. This segment further diversifies into beverage and dessert equipment with soft serve ice cream machines, coffee and beverage dispensers, and equipment for home and professional craft brewing.
- Food Processing Equipment Group: Offers a comprehensive range of processing equipment including ovens (batch, baking, proofing, conveyor belt, continuous processing), frying systems, thermal processing systems, tumblers, massagers, grinders, slicers, mixers, blenders, battering, breading, and seeding equipment. Also includes innovative solutions for water cutting, food pressing, suspension, filling, depositing, forming, and automated washing systems, as well as auto-guided vehicles, food safety and handling systems, freezing and defrosting equipment, and packaging solutions.
- Residential Kitchen Equipment Group: Features an exhaustive list of kitchen appliances and equipment for residential use. This encompasses cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration solutions, wine cellars, ice machines, beer dispensers, mixers, rotisseries, along with ventilation and outdoor cooking equipment, catering to every aspect of modern kitchen needs.
