Middleby Corp
NASDAQ:MIDD
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
111.68
172.89
|
| Price Target |
|
We'll email you a reminder when the closing price reaches USD.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
Middleby Corp
Middleby Corporation, nestled within the intricate mosaic of the global foodservice and processing landscape, has crafted a robust narrative defined by its innovative prowess and strategic acquisitions. Originating as a small enterprise in the 19th century, Middleby has grown into a formidable force, serving a diverse clientele that spans from restaurant chains to institutional foodservice providers. The company's success lies in its ability to meld tradition with technology, creating a portfolio of solutions that include cutting-edge commercial ovens, advanced cooking equipment, and comprehensive processing systems. Their focus is on enhancing efficiency and quality within the food production process, providing businesses with the tools to optimize their operations. This fusion of tradition and innovation allows Middleby to support its customers' quests for perfection in culinary endeavors.
The revenue engine of Middleby is driven by its strategic positioning across three key segments: Commercial Foodservice, Food Processing, and Residential Kitchen Equipment. In Commercial Foodservice, Middleby capitalizes on its deep-seated relationships with restaurants and hospitality providers, offering an array of products that cater to efficiency-seeking chefs and operators. Meanwhile, the Food Processing segment serves a varied industrial base, delivering solutions that enhance food production, from bakery systems to meat processing. The Residential Kitchen Equipment segment, featuring premium home appliances, enables Middleby to tap into evolving consumer trends focused on high-quality culinary experiences at home. By orchestrating a symphony of technology, customer insight, and an aggressive acquisition strategy, Middleby has not only expanded its product offerings but also fortified its market reach, allowing it to sustain a diverse revenue stream and maintain its leadership in the foodservice equipment industry.
Middleby Corporation, nestled within the intricate mosaic of the global foodservice and processing landscape, has crafted a robust narrative defined by its innovative prowess and strategic acquisitions. Originating as a small enterprise in the 19th century, Middleby has grown into a formidable force, serving a diverse clientele that spans from restaurant chains to institutional foodservice providers. The company's success lies in its ability to meld tradition with technology, creating a portfolio of solutions that include cutting-edge commercial ovens, advanced cooking equipment, and comprehensive processing systems. Their focus is on enhancing efficiency and quality within the food production process, providing businesses with the tools to optimize their operations. This fusion of tradition and innovation allows Middleby to support its customers' quests for perfection in culinary endeavors.
The revenue engine of Middleby is driven by its strategic positioning across three key segments: Commercial Foodservice, Food Processing, and Residential Kitchen Equipment. In Commercial Foodservice, Middleby capitalizes on its deep-seated relationships with restaurants and hospitality providers, offering an array of products that cater to efficiency-seeking chefs and operators. Meanwhile, the Food Processing segment serves a varied industrial base, delivering solutions that enhance food production, from bakery systems to meat processing. The Residential Kitchen Equipment segment, featuring premium home appliances, enables Middleby to tap into evolving consumer trends focused on high-quality culinary experiences at home. By orchestrating a symphony of technology, customer insight, and an aggressive acquisition strategy, Middleby has not only expanded its product offerings but also fortified its market reach, allowing it to sustain a diverse revenue stream and maintain its leadership in the foodservice equipment industry.
Revenue Beat: Middleby reported third quarter revenue of $980 million, surpassing the top end of its guidance.
Earnings Outperformance: Adjusted EBITDA of $196 million and adjusted EPS of $2.37 both exceeded the upper range of guidance.
Impairment Charge: A noncash impairment charge of $709 million was recorded for the Residential Kitchen segment as part of a strategic review, but management reiterated confidence in the segment's fundamentals.
Food Processing Spin-Off: The spin-off of the food processing business is on track to be completed in the first half of 2026.
Share Repurchases: Over $500 million used to repurchase more than 3.5 million shares year-to-date, reducing share count by 6.4% in 2025.
Tariff Headwinds: Tariffs negatively impacted margins and EBITDA, especially in Residential and Food Processing, but pricing and operational measures are expected to fully offset these impacts by 2026.
Q4 and Full-Year Guidance: Q4 revenue expected between $990 million and $1.02 billion; full-year revenue outlook is $3.85–$3.89 billion with adjusted EPS guidance of $8.99–$9.14.
