The Middleby Corporation (NASDAQ:MIDD) Q2 2025 Earnings Conference Call August 6, 2025 11:00 AM ET
Company Participants
Bryan E. Mittelman – Chief Financial Officer
James K. Pool – Chief Technology & Operations Officer
Steven P. Spittle – Chief Commercial Officer
Timothy J. FitzGerald – CEO & Director
Conference Call Participants
Brian Christopher McNamara – Canaccord Genuity Corp., Research Division
Jeffrey David Hammond – KeyBanc Capital Markets Inc., Research Division
Joseph Michael Grabowski – Robert W. Baird & Co. Incorporated, Research Division
Saree Emily Boroditsky – Jefferies LLC, Research Division
Tami Zakaria – JPMorgan Chase & Co, Research Division
Timothy W. Thein – Raymond James & Associates, Inc., Research Division
Walter Scott Liptak – Seaport Research Partners
Operator
Good day, and welcome to the Middleby Corporation Second Quarter 2025 Earnings Conference Call. [Operator Instructions] On today’s call are Mr. Tim FitzGerald, CEO; Mr. Bryan Mittelman, CFO; Mr. James Pool, CTO and COO; and Mr. Steven Spittle, CCO. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Tim FitzGerald, CEO. Please go ahead.
Timothy J. FitzGerald
Good morning and thank you for joining today’s call. Well, this quarter’s results reflect the economic challenges our customers are navigating in key end markets. They don’t appropriately capture the fundamental transformation we’ve achieved across our business to drive long-term growth. The strategic investments we’ve made over the past 3 years across innovation, go-to-market capabilities and operational excellence have created an unmatched platform that is poised for growth as market conditions normalize.
Given our confidence in Middleby’s trajectory earlier this year, we chose to allocate the vast majority of our free cash flow towards share repurchases as we do not believe our current market valuation reflects the opportunities ahead of us. This isn’t just optimism. This is conviction rooted
#Middleby #Corporation #MIDD #Earnings #Call #Transcript