Middleby sees FY25 adjusted EPS $8.65-$9.05, consensus $9.25

Sees FY25 revenue $3.81B-$3.87B, consensus $3.88B. Sees FY25 adjusted EBITDA $770M-$800M. FitzGerald concluded, “Given our confidence in Middleby’s (MIDD) trajectory, earlier this year we chose to allocate the vast majority of our free cash flow toward share repurchases as we do not believe our current market valuation reflects the substantial growth opportunities ahead of us. I am pleased to say we repurchased $323 million in the quarter and expect to continue deploying capital opportunistically. This will create significant leverage in our earnings per share as we execute against our plan.”