Middleby Q1 sales rise 15% to $840 million and full-year 2026 guidance is raised
Middleby reported first-quarter 2026 net sales of $840 million, up 15%, and adjusted EPS of $2.16 versus $1.87 a year earlier, and raised its full-year 2026 guidance. A $135.4 million loss from discontinued operations produced a GAAP net loss of $50.1 million, or $1.06 per diluted share, so the GAAP picture is weaker than the adjusted results.
Key points
- Q1 2026 net sales of $840 million, up 15% (12% organic); diluted GAAP EPS from continuing operations of $1.81 versus $1.56
- Adjusted EPS of $2.16 versus $1.87 in the prior-year quarter
- Net loss of $50.1 million, or $1.06 per diluted share, including a $135.4 million loss from discontinued operations
- Full-year 2026 net sales guidance of $3.36-$3.44 billion; planned July 6, 2026 separation into two standalone companies
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 May 07, 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.