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Get filing alertsMiddleby reports Q2 beat, completes Food Processing spin-off, repurchases 2.9% of shares
Filed August 11, 2026 · Period ending August 11, 2026 · ~1 min read
Key Changes
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high
Q2 net sales $876M (+10% YoY, +6% organic), Adjusted EBITDA $193M vs $182M prior year, Adjusted EPS $2.35 vs $2.20, exceeding guidance high end across revenue and EBITDA.
Exhibit 99.1 view on EDGAR → -
high
Completed Food Processing spin-off July 6, 2026, launching Midera as independent public company; Middleby now pure-play commercial foodservice, with Food Processing results reclassified to discontinued operations starting Q3 2026.
Exhibit 99.1 view on EDGAR → -
high
Repurchased 1.4M shares (2.9% of outstanding) in Q2 2026, 3.8M shares (7.8%) YTD 2026, and 8.7M shares (16%) over past six quarters, demonstrating capital allocation discipline.
Exhibit 99.1 view on EDGAR → -
high
Commercial Foodservice organic sales grew 8% in Q2, broad-based across channels, customer types, and regions.
Exhibit 99.1 view on EDGAR → -
high
Raised FY 2026 guidance for post-spin company: net sales $2.48-2.53B (7% organic growth), Adjusted EBITDA $572-588M, Adjusted EPS $6.73-6.89.
Exhibit 99.1 view on EDGAR →
Summary
Middleby reported strong Q2 2026 results that exceeded guidance, with net sales of $876 million up 10% year-over-year (6% organic) and Adjusted EPS of $2.35 versus $2.20 in the prior year. The company completed its Food Processing spin-off on July 6, 2026, transforming into a pure-play commercial foodservice business.
The spun entity, Midera, is now an independent publicly traded company, and Food Processing historical results will be reclassified to discontinued operations starting in Q3 2026. Middleby's capital allocation remains shareholder-friendly: the company repurchased 1.4 million shares (2.9% of outstanding) in Q2 alone and 8.7 million shares (16% of outstanding) over the past six quarters.
Commercial Foodservice delivered 8% organic growth, described as broad-based across channels and regions. Management raised full-year 2026 guidance for the post-spin company, now expecting net sales of $2.48-2.53 billion with 7% organic growth and Adjusted EPS of $6.73-6.89. The combination of a beat-and-raise quarter, a transformative spin-off, and aggressive buybacks signals management confidence in the streamlined business model.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Middleby announced Q2 2026 financial results ended July 4, 2026 via press release.
Added in current filing · verify on EDGAR →
On August 11, 2026, The Middleby Corporation (the “Company”) issued a press release announcing its financial results for the second quarter ended July 4, 2026.
The company disclosed its second quarter 2026 financial results through a press release. The quarter ended July 4, 2026. Specific financial metrics are contained in the press release exhibit, which is not included in this 8-K body text.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Organic sales growth of +8% in Commercial Foodservice ... We delivered strong second quarter results at our commercial foodservice business with 8% organic growth that was broad-based across channels, customer types, and regions.
The Commercial Foodservice segment achieved 8% organic sales growth in Q2 2026, described as broad-based across channels, customer types, and regions. This strong performance reflects the company's strategic investments in innovation and customer-focused solutions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 12, 2026 · How we verify