Middleby Corporation — Q3 2026 Earnings Summary

The Middleby Corporation reported record third-quarter 2026 net sales of $652.6 million, representing a 7.7% year-over-year increase in organic growth. Adjusted EBITDA rose 10% to $155.8 million, while adjusted earnings per share increased 19% to $2.07, exceeding the company's high-end guidance for the period. The company announced a CEO transition where Steve Spittle will succeed Tim FitzGerald on April 1, 2027, and raised its full-year 2026 organic net sales growth guidance to 7-8%. Additionally, Middleby repurchased 1.0 million shares in the quarter and confirmed that the closure of its Brewing businesses remains on track for completion by year-end.