By Karen Roman
Midera Food Processing, Inc. (Nasdaq: MFP) said second quarter net sales increased 13.2% to $245 million compared to the year prior, with net earnings reaching $11 million against $29 million.
Estimated adjusted EBITDA rose 10.6% to $42 million vs. the previous year, above the provided guidance range of $37 to $41 million, it stated.
The company reported strong demand with orders increasing 16% to $275 million and a record backlog of $446 million at quarter-end.
Midera also raised its 2026 guidance and now expects net sales growth of 11%, organic net sales growth of 6%, and estimated adjusted EBITDA growth of 20%, it said.
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“Launching as an independent public company validates the strength of the platform we built as a part of Middleby over the last two decades and reinforces our confidence in the significant opportunities ahead as a pure-play food processing technology leader,” said Mark Salman, Midera’s CEO. “We saw continued momentum in the second quarter, with orders up 16% and the backlog reaching $446 million, underscoring the increasing value we strive to deliver as a trusted partner throughout the production lifecycle.”
This is the company’s first report as an independent, publicly traded company after its separation from The Middleby Corporation (Nasdaq: MIDD) on July 6, 2026.
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