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The Middleby (MIDD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 30, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.84

Last Year’s EPS

1.89

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 8 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 07, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a positive operational and strategic tone: robust top-line beats, a record quarter for Food Processing (25% organic growth), strong cash generation and an aggressive buyback program, plus clear guidance and a path to margin recovery. Offsetting risks include near-term margin pressure from tariffs and new inflationary costs (shipping/electronic controls), some Q1-to-Q2 margin softness in Commercial Foodservice, and macro uncertainty around consumer wallets. Management has plans (pricing, tariff lapses, backlog mix, M&A optionality) to mitigate pressures, and the highlights materially outweigh the headwinds.

Company Guidance

Middleby guided Q2 2026 revenue of $815–$850M (Commercial Foodservice $600–$620M; Food Processing $215–$230M), adjusted EBITDA of $180–$192M (CFS $154–$164M; FP $45–$49M) and adjusted EPS of $2.27–$2.39 on approximately 45.8M weighted shares; full‑year 2026 guidance is revenue of $3.36–$3.44B (CFS $2.44–$2.49B; FP $915–$945M), adjusted EBITDA of $758–$790M (CFS $645–$668M; FP $186–$208M) and adjusted EPS of $9.54–$9.70. For context, Q1 results were revenue ≈$840M, adj. EBITDA ≈$181M and adj. EPS $2.16, operating cash flow ~$88M, free cash flow ~$80M, leverage 2.3x; post‑spin Food Processing target net leverage ~1.25x and RemainCo ~2.8x (delever to ~2.5x by YE), with share repurchase plans of roughly $175M in Q2 and ≈$50M per quarter in 2H.

Strong Consolidated Results

Total company revenue ~ $840 million in Q1 2026, adjusted EBITDA of ~ $181 million and adjusted EPS from continuing operations of $2.16, driven by outperformance across both segments.

Commercial Foodservice Outperformance

Commercial Foodservice revenue of ~ $616 million, with organic revenue growth of 8.1% in Q1 and organic adjusted EBITDA margin of 25.8%; double-digit growth in dealer/general market and improved chain demand (replacement activity and beverage momentum).

Record Food Processing Quarter

Food Processing delivered its best Q1 ever: revenue ~ $224 million, organic revenue growth of 25%, orders of $231 million, backlog of $416 million, and the fifth consecutive quarter with book-to-bill above 1.

Margin Expansion Path for Food Processing

Food Processing organic adjusted EBITDA margin of 19.5% in Q1; management cited clear visibility to improve profitability through lapping tariff headwinds, favorable backlog mix, and margin maturation of recent acquisitions.

Aggressive Capital Allocation & Share Repurchases

Share repurchases exceeding $520 million so far in 2026 (reduced shares outstanding by ~7% YTD) plus a 9% reduction in 2025; Q1 buybacks included 2.4M shares for $366M (avg $153.38) and early Q2 repurchases of 1.1M shares for $154M (avg $142).

Healthy Cash Generation and Balance Sheet Targets

Q1 operating cash flow of ~$88 million and free cash flow of ~$80 million; quarter-end leverage 2.3x. Post-spin expectations: Food Processing net leverage ~1.25x and RemainCo starting at ~2.8x and targeted to delever to ~2.5x by year-end.

Raised Confidence and Clear Guidance

Management raised near-term confidence (Investor Day & upcoming spin) and provided Q2 guidance (total revenue $815M–$850M, adjusted EBITDA $180M–$192M, adj EPS $2.27–$2.39) and full-year guidance (total revenue $3.36B–$3.44B, adjusted EBITDA $758M–$790M, adj EPS $9.54–$9.70).

The Middleby (MIDD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MIDD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2026	2026 (Q2)	1.84 / -	1.89	―	―	―
May 07, 2026	2026 (Q1)	1.56 / 1.74	1.673	3.89% (+0.06)
Feb 26, 2026	2025 (Q4)	1.83 / 1.72	2.317	-25.72% (-0.60)
Nov 06, 2025	2025 (Q3)	1.68 / 1.91	1.874	1.71% (+0.03)
Aug 06, 2025	2025 (Q2)	1.80 / 1.89	1.923	-1.72% (-0.03)
May 07, 2025	2025 (Q1)	1.59 / 1.67	1.52	10.07% (+0.15)
Feb 25, 2025	2024 (Q4)	2.03 / 2.32	2.132	8.68% (+0.19)
Oct 31, 2024	2024 (Q3)	1.99 / 1.87	1.89	-0.85% (-0.02)
Aug 01, 2024	2024 (Q2)	1.85 / 1.92	1.987	-3.22% (-0.06)
May 08, 2024	2024 (Q1)	1.66 / 1.52	1.762	-13.73% (-0.24)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MIDD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2026	$114.63	$127.28	+11.04%
Feb 26, 2026	$126.92	$134.34	+5.84%
Nov 06, 2025	$99.33	$96.58	-2.77%
Aug 06, 2025	$116.41	$95.16	-18.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does The Middleby (MIDD) report earnings?

The Middleby (MIDD) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).

What is The Middleby (MIDD) earnings time?

The Middleby (MIDD) earnings time is at Jul 30, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MIDD EPS forecast?

MIDD EPS forecast for the fiscal quarter 2026 (Q2) is 1.84.