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Middleby MIDD Net periodic pension benefit

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Other financials

Income statement

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Revenue$839.9M+15.0%
Gross profit$323.2M+10.5%
Operating income$133.4M+3.0%
Net income-$50.1M-154%
EPS (diluted)-$1.06-163%

Balance sheet

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Cash & equivalents$177.1M-76.2%
Total debt$1.9B+131%
Total equity$2.4B-36.3%
Total assets$5.4B-26.7%

Cash flow

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Operating cash flow$65.6M-53.5%
CapEx$7.9M-70.0%
Free cash flow$57.7M-49.7%

Valuation

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Market cap$5.89B-3.1%
Enterprise value$7.61B+19.1%
P/S1.8×-0.2×

Profitability

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Gross margin31.3%-0.4pp
Operating margin17.1%-3.2pp
Net margin-12.7%-26.6pp
FCF margin15.2%-5.2pp

Returns & leverage

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Return on equity-13.8%-26.1pp
Debt / equity0.8×+0.6×
Current ratio-0.8×

Where this comes from

Reported directly by Middleby in its filing.

Tagged under the XBRL concept midd:NetPeriodicBenefitCostOtherComponents.

The source filing: Middleby’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000769520-26-000032
Line itemThree Months Ended / Apr 4, 2026Mar 29, 2025
Restructuring expenses1,5391,248
Income from continuing operations133,354129,521
Interest expense and deferred financing amortization, net25,48018,821
Net periodic pension benefit(2,429)(1,516)
Other (income)/expense, net(2,621)960
Earnings from continuing operations before income taxes112,924111,256
Provision for income taxes27,64026,193
Net earnings from continuing operations85,28485,063

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Middleby's net periodic pension benefit?
Middleby (MIDD) reported net periodic pension benefit of -$2.43M in Q1 2026.
How has Middleby's net periodic pension benefit changed year-over-year?
Middleby's net periodic pension benefit decreased by 60.2% year-over-year, from -$1.52M to -$2.43M.
What is the long-term trend for Middleby's net periodic pension benefit?
Over 4 years (2021 to 2025), Middleby's net periodic pension benefit has grown at a -38.8% compound annual growth rate (CAGR), from -$45.07M to -$6.31M.
What does net periodic pension benefit mean?
This captures the non-cash components of pension and post-retirement benefit costs, such as interest costs, expected returns on plan assets, and amortization of prior service costs. It adjusts net income to reflect the actual cash impact of pension obligations versus accounting accruals.

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