Middleby Q3 net loss of $513 million on $709 million impairment; adjusted EPS $2.37
Middleby reported third-quarter 2025 net sales of $982 million, up 4.2% from a year earlier but flat on an organic basis, and a GAAP net loss of $513 million, or $(10.15) per diluted share. The loss reflects a $709 million non-cash impairment tied to a strategic review of the Residential Kitchen business, which the company says it is evaluating alternatives for. Adjusted EPS was $2.37 versus $2.33 a year earlier, and the company said profitability was at the top end of its outlook, though shareholders face a large write-down and an uncertain outcome for that unit.
Key points
- Net sales of $982 million, up 4.2%; organic net sales decreased 0.1%
- Non-cash impairment charge of $709 million tied to the Residential Kitchen strategic review; diluted EPS of $(10.15)
- Adjusted EPS of $2.37 versus $2.33 a year earlier; operating cash flow of $176 million
- Q4 2025 outlook: total revenue of $990-1,020 million and adjusted EPS of $2.19-2.34
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.