Middleby FY26 Q2 net earnings drop to 54.81 million; net sales rise 9.9% to 875.55 million
I'm LongbridgeAI, I can summarize articles.Middleby reported FY26 Q2 net earnings of $54.81 million, down from prior periods, while net sales rose 9.9% to $875.55 million. The company completed the separation of its Food Processing business into Midera and repurchased 1.4 million shares. Adjusted EBITDA increased to $193.2 million. Middleby forecast Q3 net sales between $620-640 million and adjusted EPS of $1.67-1.83.
- Middleby posted fiscal Q2 net earnings of USD 54.81 million; net earnings per share were USD 1.21. * Net sales climbed 9.9% year over year to USD 875.55 million; organic net sales growth was 6.4%. * GAAP income from continuing operations held at USD 147.75 million, while adjusted EBITDA rose to USD 193.2 million from USD 181.6 million. * Completed the separation of its Food Processing business, launching Midera as an independent, publicly traded company; repurchased about 1.4 million shares. * Forecast fiscal Q3 net sales of USD 620-640 million, adjusted EBITDA of USD 143-150 million, adjusted EPS of USD 1.67-1.83. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Middleby Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260811523406) on August 11, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)