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The Middleby Corp (MIDD)
NASDAQ:MIDD
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.35Last Year’s EPS
2.39Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 11.53%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The call highlighted strategic initiatives such as share buybacks and the separation of the food processing business, alongside strong cash flow generation and innovation recognition. However, challenges such as significant tariff impacts and muted customer buying levels create a balanced outlook.Company Guidance
During The Middleby Corporation's First Quarter 2025 Earnings Conference Call, CEO Timothy FitzGerald outlined several key metrics and strategic initiatives for shareholder value enhancement. The company announced an authorization to repurchase an additional 7.5 million shares, representing 21% of its outstanding equity, leveraging its strong operational excellence and cash flow. Middleby aims to deploy most of its free cash flow towards share repurchases, confident in its business's intrinsic value. The upcoming separation of the Food Processing Group in early 2026 is expected to unlock significant shareholder value by allowing for focused growth strategies. Preliminary tariff-related costs could increase annual expenses by $150 million to $200 million, but Middleby plans to offset these by year-end through operational and pricing strategies. The company reported a record first-quarter operating cash flow of over $141 million and a free cash flow of $107 million, demonstrating strong financial resilience.Accelerated Share Buyback Program
Middleby authorized an additional 7.5 million shares under its accelerated buyback program, reflecting confidence in the business and aiming to bridge the perceived valuation gap.
Separation of Food Processing Business
The strategic move to separate the food processing business into a stand-alone public company is on track for early 2026, expected to unlock significant shareholder value.
Record Operating Cash Flows
Operating cash flows of just over $141 million are the highest for a first quarter, with free cash flows at $107 million for the quarter.
Strong Residential Segment Growth
The Residential segment saw growth primarily attributable to outdoor products, with margins holding well despite product mix and production levels.
Innovations and Industry Recognition
Middleby continues to invest in innovations such as automation, digital technologies, and IoT connectivity, with several products recognized with recent industry awards.
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MIDD Earnings History
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
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MIDD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $135.38 | $131.63 | -2.77% |
Feb 25, 2025 | $168.15 | $169.25 | +0.65% |
Oct 31, 2024 | $140.38 | $129.70 | -7.61% |
Aug 01, 2024 | $135.58 | $144.36 | +6.48% |
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.
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FAQ
When does The Middleby Corp (MIDD) report earnings?
The Middleby Corp (MIDD) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is The Middleby Corp (MIDD) earnings time?
The Middleby Corp (MIDD) earnings time is at Jul 31, 2025, TBA Not 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 2025 (Q2) is 2.35.
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