Middleby targets 10%-15% adj. EPS CAGR through 2028E for Commercial Foodservice unit

• Middleby outlined 2025-2028 financial targets ahead of an expected July 6, 2026 spin-off that would separate Commercial Foodservice from Food Processing into two publicly traded companies.
• Commercial Foodservice outlook calls for 3%-6% organic net sales CAGR, 6%-9% adjusted EBITDA CAGR, 200-400 bps adjusted EBITDA margin expansion, 10%-15% adjusted EPS CAGR.
• Food Processing unit, to be named Midera, targets 5%-7% organic net sales CAGR, 20%-23% 2028E standalone adjusted EBITDA margin, net leverage below 3.0x.
• Midera also flagged M&A capacity above $700 million over next three years.
• Post-spin Middleby would consist of Commercial Foodservice segment plus a 49% ownership stake in Composition Brands.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Middleby Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260512812300) on May 12, 2026, and is solely responsible for the information contained therein.