Midera Food Processing, Inc. 8K

Midera Food Processing reported its first post–spin-off Q2 2026 results, raised full‑year 2026 guidance, and adopted a $50 million share repurchase program while operating with low leverage under a new $1.0 billion credit facility.

Midera Food Processing, Inc., newly separated from The Middleby Corporation as of July 6, 2026, reported its first stand‑alone second quarter 2026 results, showing 13.2% year-over-year net sales growth to $245.4 million driven largely by acquisitions, net earnings of $10.8 million versus $29.1 million a year ago, and Estimated Standalone Adjusted EBITDA of $41.8 million that exceeded prior guidance while maintaining modest leverage of 1.3x net debt to LTM Estimated Standalone Adjusted EBITDA under a new $1.0 billion credit facility entered June 29, 2026. The company raised full‑year 2026 guidance to reflect approximately 11% net sales growth and 20% Estimated Standalone Adjusted EBITDA growth over 2025, highlighted strong demand with orders up 16% and a record $446 million backlog, and announced a Board‑authorized share repurchase program of up to $50 million of common stock through August 10, 2029 primarily to offset dilution from equity awards.

Filing Facts

CIK

2088281

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-349163

Alert Tier

7