The Middleby Corporation (MIDD) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.537 Good day and welcome to the Middleby Corporation's first quarter 2026 00:00:05.537 -- 00:00:10.864 earnings conference call. All participants will be in a listen-only mode. 00:00:10.864 -- 00:00:17.051 On today's call are Tim Fitzgerald, CEO, Mark Salmon, 00:00:17.051 -- 00:00:22.377 President of Middleby Food Processing Group, Brittany Serwin, 00:00:22.377 -- 00:00:27.605 CFO, James Poole, Chief Technology and Office Director, 00:00:27.605 -- 00:00:33.053 Operations Officer, and Steve Spittel, Chief Commercial Officer. 00:00:33.053 -- 00:00:37.239 After today's presentation, there will be an opportunity to ask questions. 00:00:37.239 -- 00:00:41.866 To ask a question, you may press star, then one on a touchtone phone. 00:00:41.866 -- 00:00:45.511 To withdraw your question, please press star, and then two. 00:00:45.511 -- 00:00:50.639 Please note this event is being recorded. I would now like to turn the conference 00:00:50.639 -- 00:00:54.885 over to Tim Fitzgerald. Please go ahead. 00:00:54.885 -- 00:00:58.030 Good morning, and thank you for joining today's call. 00:00:58.030 -- 00:01:02.195 I'm excited for the next few months and what it holds for Middleby. 00:01:02.195 -- 00:01:06.840 That starts today with sharing the excellent results achieved across both segments of 00:01:06.840 -- 00:01:10.404 the business and raising our guidance for the year. 00:01:10.404 -- 00:01:16.331 It continues next Tuesday during our investor day in New York as we lay out our visions 00:01:16.331 -- 00:01:21.477 for the exciting future of both segments. And it culminates with the separation 00:01:21.477 -- 00:01:26.110 of the segments into two pure play standalone public companies. 00:01:26.110 -- 00:01:28.613 But the separation of the businesses i...