MIDDLEBY Corp
For the period ended Jan 3, 2026. Filed Mar 4, 2026.
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FY2026 · Filed Mar 4, 2026
MIDD$138.00+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings
(amounts in thousands, except per share data)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Net sales | $3,201,202 | $3,150,239 | $3,242,090 |
| Cost of sales | 1,949,287 | 1,898,420 | 1,958,012 |
| Gross profit | 1,251,915 | 1,251,819 | 1,284,078 |
| Selling, general, and administrative expenses | 663,156 | 590,115 | 624,933 |
| Restructuring expenses | 3,270 | 8,245 | 4,732 |
| Impairments | 10,598 | 10,475 | 1,986 |
| Gain on sale of plant | — | (1,139) | — |
| Income from continuing operations | 574,891 | 644,123 | 652,427 |
| Interest expense and deferred financing amortization, net | 93,828 | 93,356 | 121,129 |
| Net periodic pension benefit (other than service cost & curtailment) | (6,294) | (14,872) | (9,040) |
| Other expense/(income), net | 5,082 | (458) | 4,258 |
| Earnings from continuing operations before income taxes | 482,275 | 566,097 | 536,080 |
| Provision for income taxes | 115,008 | 145,119 | 123,076 |
| Net earnings from continuing operations | 367,267 | 420,978 | 413,004 |
| (Loss)/earnings from discontinued operations, net of tax | (644,998) | 7,455 | (12,122) |
| Net (loss)/earnings | $(277,731) | $428,433 | $400,882 |
| Net (loss)/earnings per share: | |||
| Basic from continuing operations | $7.11 | $7.83 | $7.71 |
| Basic from discontinued operations | (12.49) | 0.14 | (0.23) |
| Basic (loss)/earnings per share | $(5.38) | $7.97 | $7.48 |
| Diluted from continuing operations | $7.04 | $7.77 | $7.64 |
| Diluted from discontinued operations | (12.36) | 0.14 | (0.22) |
| Diluted (loss)/earnings per share | $(5.32) | $7.90 | $7.41 |
| Weighted average number of shares | |||
| Basic | 51,655 | 53,738 | 53,577 |
| Dilutive common stock equivalents | 524 | 471 | 509 |
| Diluted | 52,179 | 54,209 | 54,086 |
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