The Middleby Company (MIDD) Q2 2025 Earnings Name Transcript
The Middleby Company (NASDAQ:MIDD) Q2 2025 Earnings Convention Name August 6, 2025 11:00 AM ET
Firm Contributors
Bryan E. Mittelman – Chief Monetary Officer
James Ok. Pool – Chief Expertise & Operations Officer
Steven P. Spittle – Chief Industrial Officer
Timothy J. FitzGerald – CEO & Director
Convention Name Contributors
Brian Christopher McNamara – Canaccord Genuity Corp., Analysis Division
Jeffrey David Hammond – KeyBanc Capital Markets Inc., Analysis Division
Joseph Michael Grabowski – Robert W. Baird & Co. Included, Analysis Division
Saree Emily Boroditsky – Jefferies LLC, Analysis Division
Tami Zakaria – JPMorgan Chase & Co, Analysis Division
Timothy W. Thein – Raymond James & Associates, Inc., Analysis Division
Walter Scott Liptak – Seaport Analysis Companions
Operator
Good day, and welcome to the Middleby Company Second Quarter 2025 Earnings Convention Name. [Operator Instructions] On at this time’s name are Mr. Tim FitzGerald, CEO; Mr. Bryan Mittelman, CFO; Mr. James Pool, CTO and COO; and Mr. Steven Spittle, CCO. [Operator Instructions] Please observe this occasion is being recorded.
I might now like to show the convention over to Tim FitzGerald, CEO. Please go forward.
Timothy J. FitzGerald
Good morning and thanks for becoming a member of at this time’s name. Effectively, this quarter’s outcomes mirror the financial challenges our prospects are navigating in key finish markets. They do not appropriately seize the elemental transformation we have achieved throughout our enterprise to drive long-term progress. The strategic investments we have revamped the previous 3 years throughout innovation, go-to-market capabilities and operational excellence have created an unmatched platform that’s poised for progress as market circumstances normalize.
Given our confidence in Middleby’s trajectory earlier this 12 months, we selected to allocate the overwhelming majority of our free money stream in direction of share repurchases as we don’t consider our present market valuation displays the alternatives forward of us. This is not simply optimism. That is conviction rooted
