Earnings ·
Midera Food Processing, Inc. reported second quarter fiscal 2026 results as an independent public company following…
MFPVVMidera Food Processing, Inc.
Midera Food Processing, Inc. reported second quarter fiscal 2026 results as an independent public company following its July 6, 2026 separation from The Middleby Corporation. Net sales increased 13.2% year-over-year to $245 million, while net earnings declined to $11 million from $29 million in the prior year period. Estimated Standalone Adjusted EBITDA rose 10.6% to $42 million, exceeding previous guidance. The company raised its full-year 2026 guidance, targeting approximately 11% net sales growth and ~20% Estimated Standalone Adjusted EBITDA growth over the prior year period. Additionally, the Board authorized a $50 million share repurchase program expiring in August 2029 to mitigate dilution from equity awards.