Midera Food Processing reported results for the quarter ended July 4, 2026, its first report as an independent public company after its separation from The Middleby Corporation on July 6, 2026. Net sales rose 13.2% and orders rose 16%, and the company raised full-year 2026 guidance, but net earnings fell to $10.8 million from $29.1 million a year earlier. The Board also authorized a share repurchase program of up to $50 million.
Net sales were $245.4 million, up 13.2% from $216.7 million; organic net sales grew 1.2%.
Net earnings were $10.8 million, compared with $29.1 million in the prior year quarter.
Full-year 2026 net sales guidance was raised to $935 million-$965 million from $915 million-$945 million; Estimated Standalone Adjusted EBITDA guidance is $160 million-$176 million.
On August 10, 2026, the Board authorized repurchases of up to $50 million of common stock, expiring August 10, 2029.
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From Midera Food Processing, Inc.'s 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Frequently asked questions
When is Midera Food Processing's next earnings date?
Midera Food Processing (MFP) is scheduled to report on Tuesday, November 17, 2026 before the market opens. Analysts expect EPS of $0.50.
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.