May 07, 2025 / 03:00PM GMT
Operator
Good day and welcome to the Middleby Corporation first quarter 2025 earnings conference call. (Operator Instructions) Please note this event has been recorded.
I would now like to turn the conference over to Mr. Timothy FitzGerald, CEO. Please go ahead.
Timothy Fitzgerald - Middleby Corp - Chief Executive Officer
Thank you for joining today's call. I'd like to begin by highlighting several key developments that underscore our commitment to driving shareholder value. As announced this morning, we've authorized an additional 7.5 million shares under our accelerated buyback program.
We plan to deploy the vast majority of our free cash flow towards repurchasing shares, reflecting our confidence in the business. We believe our share -- our current share price does not fully capture the strength of our business.
By prioritizing share repurchases, we aim to bridge that gap and deliver superior returns to shareholders while maintaining our strategic growth investments. This decision follows our February 2025 announcement to separate the food
Q1 2025 Middleby Corp Earnings Call Transcript
May 07, 2025
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