By Karen Roman
The Middleby Corp. (Nasdaq: MIDD) said net sales increased 15 percent in the first quarter to $840 million compared to the year prior.
Adjusted EBITDA was $181 million in the quarter compared to $161 million a ;year earlier, while adjusted EPS was $2.16 vs $1.87 the prior year, surpassing analyst estimates, the company stated.
Organic sales growth grew more than 8 percent in commercial food service and 25 percent in food processing. The Middleby raised its 2026 outlook and expects revenue growth above 4-6 percent in commercial food service and above 4-7 percent in food processing, it said.
“In addition to our strong segment-level results, our aggressive capital allocation strategy continues, with over $520 million deployed in share repurchases so far in 2026, reducing our share count by approximately 7 percent, building on the 9percent reduction achieved in 2025,” said Tim FitzGerald, The Middleby CEO.
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