Middleby Q2 2025 sales fall 1.4% to $978 million; diluted EPS $1.99 vs $2.13
Middleby reported second-quarter 2025 net sales of $977.9 million, down 1.4% from $991.5 million a year earlier, and GAAP diluted earnings per share of $1.99 versus $2.13. Management attributed the results to economic uncertainty in key end markets and issued third-quarter and full-year 2025 guidance, which projects revenue and adjusted EPS below the prior-year trend in the filing's figures. For shareholders, lower sales and earnings were partly offset by $322.7 million of share repurchases in the quarter.
Key points
- Q2 2025 net sales were $977.9 million, down 1.4%; organic net sales fell 5.4%
- GAAP net earnings were $106.0 million ($1.99 diluted EPS) versus $115.4 million ($2.13) a year earlier
- Adjusted EBITDA was $200.2 million versus $216.4 million; the quarter included a $10 million tariff impact
- Full-year 2025 guidance: total revenue of $3.81-3.87 billion, adjusted EBITDA of $770-800 million, adjusted EPS of $8.65-9.05
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 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 August 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.