Middleby Reports Q2 Earnings: Revenue Growth Driven by Commercial Foodservice
Middleby Corporation (MIDD) reported strong financial results for Q2 2026, with net sales reaching $875.5 million—a 9.9% increase year-over-year or 6.4% on an organic basis—driven primarily by growth in its commercial foodservice segment. Adjusted EBITDA rose to $193.2 million from $181.6 million, and adjusted EPS increased to $2.35 compared to $2.20 a year ago. The company raised full-year revenue guidance for the post-spin structure to between $2.48 billion and $2.53 billion, representing 7% organic growth. However, management warned of inflationary pressures expected in Q3-Q4 due to rising ocean freight and steel costs, which could impact margins by up to $10 million to $15 million.
Tickers: $MIDD
Topics: adjusted_eps cash_flow financial_performance revenue_growth