Exceeding Revenue and EPS Expectations
Total revenue for Q3 2025 was $980 million, exceeding the top end of guidance. Adjusted EBITDA was $196 million, and adjusted EPS was $2.37, both surpassing expectations.
Positive Organic Growth in Commercial Foodservice
Commercial Foodservice segment returned to positive organic growth with a 1.6% increase in sales, driven by general market, institutional customers, and emerging restaurant chains.
Strong Order Growth in Food Processing
Food Processing segment experienced a strong order rate, especially in international markets, positioning the company to capture deferred capital projects.
Significant Share Repurchases
Middleby repurchased over 3.5 million shares, reducing share count by 6.4% during 2025, reflecting a strong belief in the undervaluation of the company's shares.
New Facility and Innovation Center Openings
Opened a new state-of-the-art facility in Greenville, Michigan, and a flagship innovation center in Venice, Italy, to enhance manufacturing, customer collaboration, and technology development.