The Middleby Corporation (MIDD) M&A Call Transcript
26North is set to own 51% of the kitchen-products division that houses a number of luxury cookware-equipment brands.
MIDD beats Q3 estimates with 4.2% sales growth and higher earnings, supported by acquisitions and strength across key segments.
The Middleby Corporation ( MIDD ) Q3 2025 Earnings Call November 6, 2025 8:30 AM EST Company Participants Timothy FitzGerald - CEO & Director Bryan Mittelman - Chief Financial Officer Steve Spittle - Chief Commercial Officer Conference Call Participants Mircea Dobre - Robert W. Baird & Co. Incorporated, Research Division Jae Hyun Ko - Jefferies LLC, Research Division Alec McGuire - JPMorgan Chase & Co, Research Division Jeffrey Hammond - KeyBanc Capital Markets Inc., Research Division Timothy Thein - Raymond James & Associates, Inc., Research Division Presentation Operator Good day, everyone, and welcome to today's Third Quarter 2025 Middleby Corp. Earnings Call.
While the top- and bottom-line numbers for Middleby (MIDD) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The Middleby Corporation remains a "Buy" despite recent share price declines and near-term financial weakness. MIDD trades at a discount to peers on key valuation metrics, offering attractive upside even if industry multiples remain unchanged. Management's planned separation of the Food Processing Equipment Group could unlock significant value, with EBITDA targets supporting robust long-term growth potential.
Middleby (MIDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Middleby Corporation's near-term outlook remains challenging, with weak QSR demand and tariff headwinds expected to persist over the next two quarters. Long-term catalysts exist, including a potential FP segment spin-off and a delayed equipment replacement cycle that could drive multi-year growth. Despite some green shoots, core Commercial Foodservice organic sales continue to decline, and cost pressures from tariffs will worsen before improving.
MIDD beats Q2 estimates despite a 1.4% sales dip, as acquisitions offset organic declines; spin-off plans move forward.
The Middleby Corporation (NASDAQ:MIDD ) Q2 2025 Earnings Conference Call August 6, 2025 11:00 AM ET Company Participants Bryan E. Mittelman - Chief Financial Officer James K.
While the top- and bottom-line numbers for Middleby (MIDD) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Middleby (MIDD) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.2 per share. This compares to earnings of $2.39 per share a year ago.