The Middleby Corporation (MIDD) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.000 -- 00:00:04.880 Good day and welcome to the Middleby Corporation's second quarter 2025 earnings conference 00:00:04.880 -- 00:00:08.500 call. All participants will be in listen-only mode. 00:00:08.500 -- 00:00:11.940 Should you need assistance, please signal a conference specialist by pressing the star 00:00:11.940 -- 00:00:15.340 key followed by zero. On today's call are Mr. 00:00:15.340 -- 00:00:19.880 Tim Fitzgerald, CEO, Mr. Brian Meadowman, CFO, Mr. 00:00:19.880 -- 00:00:25.360 James Poole, CTO and COO, and Mr. Steve Spittel, CCO. 00:00:25.360 -- 00:00:29.140 After today's presentation, there will be an opportunity to ask questions. 00:00:29.140 -- 00:00:33.340 To ask a question, you may press star, then one, on your telephone keypad. 00:00:33.340 -- 00:00:36.720 To withdraw your question, please press star, then two. 00:00:36.720 -- 00:00:40.700 Please note this event is being recorded. I would now like to turn the conference over 00:00:40.700 -- 00:00:45.420 to Tim Fitzgerald, CEO. Please go ahead. 00:00:45.940 -- 00:00:50.360 Good morning and thank you for joining today's call. 00:00:50.360 -- 00:00:55.460 While this quarter's results reflect the economic challenges our customers 00:00:55.460 -- 00:01:00.560 are navigating in key end markets, they don't appropriately capture the fundamental transformation 00:01:00.560 -- 00:01:05.540 we've achieved across our business to drive long-term growth. 00:01:05.540 -- 00:01:10.280 The strategic investments we've made over the past three years across innovation, -to-market 00:01:10.280 -- 00:01:15.360 capabilities and operational excellence have created an unmatched platform that 00:01:15.360 -- 00:01:19.000 is poised for growth as market conditions normalize. 00:01:19.000 -- 00:01:23.760 Given our...