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AI brief of an SEC Form 8-K · Middleby (MIDD)

Middleby raises 2026 guidance after Q3 sales of $653 million rise 7.7%

Mixed Impact 4 of 5 guidance

Middleby reported third-quarter 2026 net sales of $652.6 million, up 7.7% from a year earlier, and adjusted EPS of $2.07, up 19%, while raising its full-year 2026 guidance. GAAP diluted EPS fell to $0.43 from $1.55, weighed down by $26 million of charges tied to the closure of its Brewing businesses and $38.7 million of equity losses from an affiliate. The company also said Steve Spittle will succeed Tim FitzGerald as CEO on April 1, 2027.

Key points

  • Q3 2026 net sales of $652.6 million, up 7.7%, with organic net sales growth of 7.7%
  • Adjusted EPS of $2.07 vs. $1.74 a year earlier; GAAP diluted EPS of $0.43 vs. $1.55
  • Full-year 2026 net sales guidance of $2.519 billion to $2.534 billion, with organic growth of 7-8%
  • Steve Spittle to succeed Tim FitzGerald as CEO on April 1, 2027

The filing

CompanyMiddleby (MIDD)
Form8-K, current report
Filed with the SECNov 5, 2026, 7:02 AM ET
Accession number0000769520-26-000054

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.