Inferra AI / Company / MFP
Midera Food Processing, Inc.
MFP · Industrials
Last earnings Aug 13, 2026
Key results
Net incomequarter
$11 million
Net earnings of $11 million compared to $29 million in the prior year period •
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Net earnings were $10.8 million for the second quarter of 2026 as compared to $29.1 million in the prior year period.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Revenuequarter
$245.4 million
Net sales $ 245.4 $ 216.7 $ 470.4 $ 385.2
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Gross marginquarter
$86.7 million
Gross profit 86.7 80.9 164.1 141.9
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
AI analysis
Q2 2026 · reported Aug 13, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $11 million | — | $29 million |
| Revenue | $245.4 million | — | — |
| Gross margin | $86.7 million | — | — |
Guidance · company-stated
Direction: Raised
“1 MIDERA FOOD PROCESSING REPORTS SECOND QUARTER 2026 RESULTS IN FIRST REPORT AS AN INDEPENDENT PUBLIC COMPANY Completed separation from The Middleby Corporation on July 6, 2026 Strong demand with orders up 16% year-over-year Raises Full-Year 2026 Guidance ROSEMONT, Ill.”
“3x as of quarter-end • Strong demand with orders up 16% over the prior year period to $275 million, and record backlog of $446 million at quarter-end • Raised full-year 2026 guidance.”
“Guidance The Company is updating its full-year 2026 guidance to reflect an increase in the midpoints of its expected ranges for Net sales and Estimated Standalone Adjusted EBITDA 1 , 2 : FY 2026 Guidance (in millions, except percentages) FY 2025 Actuals Prior 3 Current % change vs.”
“3 Middleby Food Processing segment guidance as of May 7, 2026 reduced by estimated annual standalone public company costs of $32 million.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
FY 2025 4 Net sales $853 $915-945 $935-965 ~11% Change in Organic net sales 1, 5 ~6% Estimated Standalone Adjusted EBITDA 1, 2 $140 $154-176 $160-176 ~20% The Company is also providing the following modeling assumptions for full-year 2026: ▪ Depreciation and Amortization: $26 million to $28 million ▪ Interest expense, net 6 : $7 million to $8 million ▪ Diluted Weighted Average Shares Outstanding: 45 to 46 million Share Repurchase Program On August 10, 2026, the Company's Board of Directors authorized a share repurchase program, which expires on August 10, 2029, pursuant to which the Company may repurchase up to $50 million of its common stock.
Event summary
Midera Food Processing, Inc. Q2 2026 — Net earnings of $11 million compared to $29 million in the prior year period •
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Company outlook: “1 MIDERA FOOD PROCESSING REPORTS SECOND QUARTER 2026 RESULTS IN FIRST REPORT AS AN INDEPENDENT PUBLIC COMPANY Completed separation from The Middleby Corporation on July 6, 2026 Strong demand with orders up 16% year-over-year Raises Full-Year 2026 Guidance ROSEMONT, Ill.”
Company outlook: “3x as of quarter-end • Strong demand with orders up 16% over the prior year period to $275 million, and record backlog of $446 million at quarter-end • Raised full-year 2026 guidance.”
Revenue: “Guidance The Company is updating its full-year 2026 guidance to reflect an increase in the midpoints of its expected ranges for Net sales and Estimated Standalone Adjusted EBITDA 1 , 2 : FY 2026 Guidance (in millions, except percentages) FY 2025 Actuals Prior 3 Current % change vs.”
Company outlook: “3 Middleby Food Processing segment guidance as of May 7, 2026 reduced by estimated annual standalone public company costs of $32 million.”
Company outlook — Raised (“Raises”)
“1 MIDERA FOOD PROCESSING REPORTS SECOND QUARTER 2026 RESULTS IN FIRST REPORT AS AN INDEPENDENT PUBLIC COMPANY Completed separation from The Middleby Corporation on July 6, 2026 Strong demand with orders up 16% year-over-year Raises Full-Year 2026 Guidance ROSEMONT, Ill.”
Company outlook — Raised (“Raised”)
“3x as of quarter-end • Strong demand with orders up 16% over the prior year period to $275 million, and record backlog of $446 million at quarter-end • Raised full-year 2026 guidance.”
Revenue — Raised (“increase”)
“Guidance The Company is updating its full-year 2026 guidance to reflect an increase in the midpoints of its expected ranges for Net sales and Estimated Standalone Adjusted EBITDA 1 , 2 : FY 2026 Guidance (in millions, except percentages) FY 2025 Actuals Prior 3 Current % change vs.”
Company outlook — Lowered (“reduced”)
“3 Middleby Food Processing segment guidance as of May 7, 2026 reduced by estimated annual standalone public company costs of $32 million.”
Classified from the release's primary full-year outlook statement.
Capital allocation
FY 2025 4 Net sales $853 $915-945 $935-965 ~11% Change in Organic net sales 1, 5 ~6% Estimated Standalone Adjusted EBITDA 1, 2 $140 $154-176 $160-176 ~20% The Company is also providing the following modeling assumptions for full-year 2026: ▪ Depreciation and Amortization: $26 million to $28 million ▪ Interest expense, net 6 : $7 million to $8 million ▪ Diluted Weighted Average Shares Outstanding: 45 to 46 million Share Repurchase Program On August 10, 2026, the Company's Board of Directors authorized a share repurchase program, which expires on August 10, 2029, pursuant to which the Company may repurchase up to $50 million of its common stock.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
The primary purpose of the share repurchase program is to mitigate stockholder dilution from equity awards.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
The timing and amount of any shares repurchased will be determined by the Company based on its evaluation of market conditions and other factors, and will be made in accordance with applicable securities laws in either the open market or in privately negotiated transactions.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate share repurchases under this authorization.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
The actual timing, number, and share price of shares repurchased will depend on a number of factors, including the market price of the Company's common stock, general market and economic conditions, alternative investment or acquisition opportunities, and applicable legal requirements.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Strategy & priorities
Our updated guidance reflects continued margin expansion this year, 1 Non-GAAP financial measure.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Our capital allocation priorities remain unchanged: invest first in organic growth opportunities; pursue disciplined strategic acquisitions that strengthen our platform; and maintain a prudent balance sheet with a net leverage ratio 1 below 3.0x.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Cautionary Statement Regarding Forward-Looking Statements This press release contains “forward-looking statements” subject to the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s expectations with respect to the Company's future performance, strategy, growth opportunities and value creation following the completed Spin-off from Middleby.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
The Company believes change in Organic net sales, Adjusted EBITDA, Adjusted EBITDA margin, Estimated Standalone Adjusted EBITDA, and Estimated Standalone Adjusted EBITDA margin are useful as supplements to its GAAP results of operations to evaluate certain aspects of its operations and financial performance, and its management team primarily focuses on non-GAAP items in evaluating performance for business planning purposes.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Exhibits 25 SIGNATURES 27 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report contains forward-looking statements subject to the Private Securities Litigation Reform Act of 1995, including statements regarding the Company s expectations with respect to the Company's future performance, strategy, growth opportunities and value creation following the completed spin-off from Middleby (the Spin-off or Separation ).
SEC original ↗Midera Food Processing, Inc. — 10-Q Quarterly report10-QAug 18, 2026
Risks & headwinds
Estimated Standalone Adjusted EBITDA 1, 2 was $41.8 million in the second quarter of 2026, up $4.0 million as compared to $37.8 million in the prior year period, driven primarily by higher sales of aftermarket parts and services and higher equipment sales, including recent acquisitions, partially offset by the impact of cost inflation, including tariffs.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
These forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause the Company's actual results, performance or outcomes to differ materially from those expressed or implied in the forward-looking statements.
SEC original ↗Midera Food Processing, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026
Legal Proceedings 25 Item 1A.
SEC original ↗Midera Food Processing, Inc. — 10-Q Quarterly report10-QAug 18, 2026
(4) REVENUE RECOGNITION Disaggregation of Revenue We disaggregate our net sales by geographical location and revenue streams as we believe it best depicts how the nature, timing and uncertainty of our net sales and cash flows are affected by economic factors.
SEC original ↗Midera Food Processing, Inc. — 10-Q Quarterly report10-QAug 18, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
5 documentsEarnings releases
5 documentsPresentations
0 documentsNo presentations for Midera Food Processing, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Midera Food Processing, Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Midera Food Processing, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“ing Collaboration 16 Strong Foundation in Aftermarket Parts & Service 3 Overview of MFP Aftermarket…”
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