MIDD
The Middleby Corporation
NASDAQ · Industrials · Industrial - Machinery · US
$111.62
−0.69%Aug 11, 2026, 15:06 UTC
Middleby completed its transformation into a focused commercial foodservice equipment company by selling a controlling stake in its residential kitchen business and spinning off its food processing operations.
Source:Aug 11, 2026, 00:00 UTC
Middleby Corporation reported Q2 2026 net sales of $875.5 million, operating income of $148 million, adjusted EBITDA of $193 million, diluted GAAP EPS of $1.20, and adjusted EPS of $2.35, with organic sales growth of 6.4% year-over-year.
Jul 6, 2026, 00:00 UTC
Middleby Corp signed a Separation and Distribution Agreement to spin off Midera Food Processing, Inc. to its stockholders.
Jun 29, 2026, 13:00 UTC
Midera Food Processing, Inc., a subsidiary of The Middleby Corporation, entered into a $1.0 billion credit agreement with Bank of America and other lenders, consisting of a $750 million revolving credit facility and a $250 million multi-currency facility.
Source:Jun 23, 2026, 16:00 UTC
Middleby's board approved the spin-off of its Midera Food Processing business, with the separation set for July 6, allowing Midera to trade independently.