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Middleby MIDD Restructuring Charges

Restructuring Charges at other companies

Modine Manufacturing logo
Modine ManufacturingMOD
$3.9M-18.8%
Newell Brands logo
Newell BrandsNWL
$7M-36.4%

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$6.03B-4.8%
Enterprise value$7.74B+16.7%
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 us-gaap:RestructuringCharges.

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
Cost of sales516,718438,045
Gross profit323,190292,578
Selling, general and administrative expenses188,297161,809
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

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Middleby's restructuring charges?
Middleby (MIDD) reported restructuring charges of $1.54M in Q1 2026.
How has Middleby's restructuring charges changed year-over-year?
Middleby's restructuring charges increased by 23.3% year-over-year, from $1.25M to $1.54M.
What does restructuring charges mean?
One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.

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