The Middleby Corporation (MIDD) M&A Call Transcript

The Middleby Corporation (MIDD) M&A Call Transcript

Seeking Alpha • Dec 4, 2025

26North and The Middleby Corporation Agree to Form $885 Million Partnership for Residential Kitchen, a Leading Collection of Premium Cooking, Refrigeration and Outdoor Living Brands

NEW YORK--(BUSINESS WIRE)--26North and Middleby announced that affiliates of 26North have agreed to purchase a controlling interest in Middleby's Residential Kitchen business.

Business Wire • Dec 4, 2025

Middleby to Sell 51% Stake in Residential Kitchen Business to 26North in Transaction Valuing the Business at $885 Million

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (“Middleby”) (NASDAQ: MIDD) today announced entry into a definitive agreement under which it will sell a 51% stake in its Residential Kitchen business to affiliates of 26North Partners LP (“26North”) in a transaction valuing Residential Kitchen at $885 million. Following this transaction, Middleby will own a 49% non-controlling interest in a new standalone joint venture holding the Residential Kitchen business, while receiving upfront cash.

Business Wire • Dec 4, 2025

Josh Harris's Firm Near Deal for Middleby Unit That Makes Viking Stoves

26North is set to own 51% of the kitchen-products division that houses a number of luxury cookware-equipment brands.

WSJ • Dec 4, 2025

Middleby's Q3 Earnings and Sales Beat Estimates, Increase Y/Y

MIDD beats Q3 estimates with 4.2% sales growth and higher earnings, supported by acquisitions and strength across key segments.

Zacks Investment Research • Nov 7, 2025

The Middleby Corporation (MIDD) Q3 2025 Earnings Call Transcript

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.

Seeking Alpha • Nov 6, 2025

The Middleby Corporation Reports Third Quarter Results

ELGIN, Ill--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the third quarter of 2025. Tim FitzGerald, CEO of The Middleby Corporation said, “As part of our efforts to maximize shareholder value, we are conducting a strategic review of our Residential Kitchen business unit and determined that a non-cash impairment charge was.

Business Wire • Nov 6, 2025

Middleby (MIDD) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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.

Zacks Investment Research • Nov 6, 2025

Middleby (MIDD) Q3 Earnings and Revenues Top Estimates

Middleby (MIDD) came out with quarterly earnings of $2.37 per share, beating the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $2.33 per share a year ago.

Zacks Investment Research • Nov 6, 2025

The Middleby Corporation Remains Attractive Even After Shares Have Fallen

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.

Seeking Alpha • Nov 3, 2025