MIDD 8-K SEC Filing Analysis

Final — all horizons settled through T+60d

MIDD ▼ -12.80% at T+60d

NEUTRAL call ✗ call lost -12.80% · α vs SPY -20.55% · entry $166.51 → $145.20

Last close $148.09 (close May 22) · -11.06% from $166.51 entry

Entry anchored
Feb 25, 03:59 PM ET
via Databento tick

T+1d

+0.97%

call +0.97% · α +1.42%

$168.12

settled 3mo ago

T+5d

-6.61%

call -6.61% · α -5.48%

$155.51

settled 3mo ago

T+20d

-20.04%

call -20.04% · α -13.63%

$133.15

settled 2mo ago

T+60d

-12.80%

call -12.80% · α -20.55%

$145.20

settled 3d ago

Price Chart

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Executive Summary

Middleby reported Q4 2025 results with revenue of $866 million (up 4.5% YoY) and adjusted EPS of $2.14, exceeding guidance. The company completed the sale of a 51% stake in its Residential Kitchen business for $885 million, receiving $565 million in cash. It initiated 2026 organic growth guidance of 1-3% in Commercial Foodservice and 4-6% in Food Processing, and repurchased $710 million in shares in 2025.

Key Financial Metrics

Revenue

$866.4M

+4.5% YoY

Adj. EPS

$2.14

GAAP: $1.72

Guidance

$760-788 M

initiated

Free Cash Flow

$165.5M

Gross Margin

38.7%

Actionable Insight

Monitor 2026 guidance execution, particularly organic growth in Commercial Foodservice (1-3%) and Food Processing (4-6%). Watch for deployment of $565M cash proceeds from the Residential Kitchen sale and impact on leverage (currently 2.5x). The Food Processing business separation in Q2 2026 could create additional value.

Key Facts

Q4 revenue: $866 million (+4.5% YoY, +0.3% organic)
Adjusted EPS: $2.14 (exceeded guidance of $2.19-$2.34)
Completed sale of 51% of Residential Kitchen business for $885 million enterprise value
Received $565 million in cash proceeds and a $135 million promissory note
Initiated 2026 organic growth guidance: 1-3% Commercial Foodservice, 4-6% Food Processing
Repurchased $710 million in shares in 2025 (9.1% of equity)

Financial Impact

Revenue increased 4.5% YoY to $866M, adjusted EBITDA decreased to $197.1M from $226.2M, with $7M tariff impact. Company received $565M cash from Residential Kitchen sale.

revenueepsebitdacashdilution

Segment Breakdown

Segment	Revenue	Growth
Commercial Foodservice	$601.7M	+0.7%
Food Processing	$264.7M	+14.4%

Risk Factors

Adjusted EBITDA declined 12.9% YoY to $197.1M despite revenue growth, indicating margin pressure
Full-year organic sales decreased 2.4%, suggesting underlying demand challenges
Tariff impacts ($7M in Q4) could persist and affect margins
Execution risk in separating Food Processing business in Q2 2026

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0000769520-26-000006
Document: midd-20260226.htm	0000769520-26-000006
Document: 0000769520-26-000006-index-headers.html	0000769520-26-000006
Document: 0000769520-26-000006-index.html	0000769520-26-000006
Document: 0000769520-26-000006.txt	0000769520-26-000006

6 reports for MIDD

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for MIDD — sortable, filterable
	Type				Now
May 12, 2026 11d ago	8-K NEUTRAL ★ 5/10	$150.15 $144.41	▼ −3.82%	▼ −3.90%	$148.09 (−1.37%)
May 11, 2026 12d ago	8-K NEUTRAL ★ 3/10	$155.30 $144.32	▼ −7.07%	▼ −6.99%	$148.09 (−4.64%)
May 7, 2026 16d ago	8-K BULLISH ★ 8/10	$157.18 $147.45	▼ −6.19%	▼ −7.69%	$148.09 (−5.78%)
Apr 8, 2026 6w ago	DEFA14A NEUTRAL ★ 2/10	$144.82 $139.45	▼ −3.70%	▼ −6.89%	$148.09 (+2.26%)
Mar 5, 2026 11w ago	8-K NEUTRAL ★ 5/10	$155.51 $144.37	▼ −7.16%	▼ −4.93%	$148.09 (−4.77%)
Feb 26, 2026 12w ago	8-K MIXED ★ 7/10	$166.51 $155.51	▼ −6.61%	▼ −5.48%	$148.09 (−11.06%)

US Market Status

Market Closed — Opens Tue (35h 16m)

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