Middleby Q4 sales rise 4.5% to $866 million, but profit falls sharply
Middleby reported fourth-quarter 2025 net sales of $866.4 million, up 4.5%, while operating income fell to $150 million from $182 million and diluted EPS from continuing operations fell to $1.72 from $2.17. The results are restated to exclude Residential Kitchen, which was sold 51% to a joint venture on February 2, 2026, and the company also gave 2026 guidance of $3.27-$3.36 billion in net sales and $9.20-$9.36 in adjusted EPS for the full year.
Key points
- Q4 net sales were $866.4 million, up 4.5% from the prior year, but organic sales rose only 0.3%.
- Q4 adjusted EBITDA was $197.1 million versus $226.2 million a year earlier, and adjusted EPS from continuing operations was $2.14 versus $2.53.
- The Residential Kitchen sale was valued at about $885 million, with net cash proceeds of approximately $565 million and a $135 million promissory note.
- 2026 guidance: net sales of $3.27-$3.36 billion, adjusted EBITDA of $745-$780 million, and adjusted EPS of $9.20-$9.36.
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 February 26, 2026.
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.