MIDD 8-K SEC Filing Analysis

Latest settled — T+20d

MIDD ▼ -0.61% at T+20d

LONG call ✗ call lost -0.61% · α vs SPY -3.74% · entry $157.18 → $156.22

Next anchor: T+60d in 7w

Currently $158.50 · +0.84% from $157.18 entry

Entry anchored
May 7, 2026
via day open

T+1d

+4.68%

call +4.68% · α +3.85%

$164.53

settled 5w ago

T+5d

-6.19%

call -6.19% · α -7.69%

$147.45

settled 4w ago

T+20d

-0.61%

call -0.61% · α -3.74%

$156.22

settled 8d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Middleby reported Q1 2026 results significantly above consensus, with revenue of $839.9M (+15% YoY) beating estimates by 8% and adjusted EPS of $2.16 beating by 11%. The company raised full-year 2026 guidance, with adjusted EPS now expected at $9.54-$9.70 (up from $9.20-$9.36) and organic growth accelerating in both segments. The strong operational performance, combined with aggressive share repurchases (2.4M shares in Q1) and the planned July 6 Food Processing spin-off, marks a positive inflection point.

Key Financial Metrics

Guidance

$3.36B-$3.44B

raised

Free Cash Flow

$79.9M

Actionable Insight

Expect a strong positive move at open given the magnitude of the beat and guidance raise. Key catalysts ahead: Investor Day next Tuesday and Food Processing spin-off on July 6. Monitor tariff exposure and working capital trends, but the fundamental trajectory is clearly improving.

Key Facts

Q1 2026 revenue $839.9M vs consensus $777.1M (+8.1% beat)
Adjusted EPS $2.16 vs consensus $1.94 (+11.3% beat)
Organic revenue growth 11.9% (Commercial Foodservice +8.1%, Food Processing +25.0%)
FY 2026 guidance raised: revenue $3.36B-3.44B, Adj. EPS $9.54-$9.70 (prior $9.20-$9.36)
Repurchased 2.4M shares (4.9% of equity) in Q1, $520M deployed YTD 2026
Food Processing spin-off on track for July 6, 2026
Net leverage improved to 2.3x from 2.5x in Q4 2025

Financial Impact

Revenue beat of ~$62.8M and adjusted EPS beat of $0.22 vs consensus. Full-year guidance raised by ~$0.34 at midpoint.

revenueepsebitdaguidancedebt leverage

Risk Factors

Tariff impact (not quantified in Q1 but $7M adverse in Q4 2025)
Execution risk on Food Processing spin-off
Elevated debt leverage (2.3x, though improving)
Potential slowdown in QSR chain demand

Market Snapshot

Exchange

Nasdaq

Sector

Refrigeration & Service Industry Machinery

Analyst Consensus

75% bullish (16 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0000769520-26-000026
Document: midd-20260507.htm	0000769520-26-000026
Document: 0000769520-26-000026-index-headers.html	0000769520-26-000026
Document: 0000769520-26-000026-index.html	0000769520-26-000026
Document: 0000769520-26-000026.txt	0000769520-26-000026
8-K Data (Synthetic)	0000769520-26-000026

7 reports for MIDD

T+1T+5T+20T+60

Filters

Reports for MIDD — sortable, filterable
	Type				Now
May 26, 2026 17d ago	8-K NEUTRAL ★ 3/10	$154.30 $155.35	▲ +0.68%	▲ +0.21%	$158.50 (+2.73%)
May 12, 2026 4w ago	8-K NEUTRAL ★ 5/10	$150.15 $144.41	▼ −3.82%	▼ −3.90%	$158.50 (+5.56%)
May 11, 2026 4w ago	8-K NEUTRAL ★ 3/10	$155.30 $144.32	▼ −7.07%	▼ −6.99%	$158.50 (+2.06%)
May 7, 2026 5w ago	8-K BULLISH ★ 8/10	$157.18 $147.45	▼ −6.19%	▼ −7.69%	$158.50 (+0.84%)
Apr 8, 2026 9w ago	DEFA14A NEUTRAL ★ 2/10	$144.82 $139.45	▼ −3.70%	▼ −6.89%	$158.50 (+9.45%)
Mar 5, 2026 14w ago	8-K NEUTRAL ★ 5/10	$155.51 $144.37	▼ −7.16%	▼ −4.93%	$158.50 (+1.93%)
Feb 26, 2026 15w ago	8-K MIXED ★ 7/10	$166.51 $155.51	▼ −6.61%	▼ −5.48%	$158.50 (−4.81%)

US Market Status

Market Closed — Opens Mon (47h 24m)

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