Middleby Q1 revenue rises 15% and beats estimates

Middleby

07/05/2026 12:27

Overview

US food equipment maker's Q1 revenue rose 15%, beating analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations

Company repurchased 2.4 mln shares, about 4.9% of equity, in Q1

Outlook

Middleby raises FY 2026 guidance; sees revenue at $3.36-3.44 bln

Result Drivers

COMMERCIAL FOODSERVICE GROWTH - Organic sales in Commercial Foodservice rose 8.1%, driven by double-digit growth with dealer partners and improved performance with chain customers

FOOD PROCESSING MOMENTUM - Food Processing segment delivered 25% organic sales growth, with order growth and backlog expansion, according to the company

ICE AND BEVERAGE INVESTMENTS - Strategic investments in ice and beverage categories helped capitalize on industry trends, per CEO Tim FitzGerald

Company press release: ID:nBw1fYtqma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$839.91 mln
$777.71 mln (8 Analysts)
Q1 Net Income
-$50.07 mln
Q1 Adjusted EBITDA
Beat
$181 mln
$170.40 mln (7 Analysts)

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)