Revenue: As of FY2027 Q2, the actual value is USD 245.4 M.

EBIT: As of FY2027 Q2, the actual value is USD 21.7 M.

Second Quarter 2026 Financial Highlights

Net Sales

Midera Food Processing, Inc. reported net sales of $245.4 million for the second quarter of 2026, marking a 13.2% increase compared to $216.7 million in the prior year period. Acquisitions contributed $23.9 million to this increase, with organic net sales growth at 1.2%, primarily driven by aftermarket parts and service in the protein and bakery categories. For the six months ended July 4, 2026, net sales were $470.4 million, an increase of 22.1% from $385.2 million in the prior year period, with organic net sales growth of 11.6%.

Net Earnings

Net earnings for the second quarter of 2026 were $10.8 million, a decrease from $29.1 million in the prior year period. For the six months ended July 4, 2026, net earnings were $25.1 million, compared to $41.3 million for the same period in 2025.

Gross Profit

Gross profit for the second quarter of 2026 was $86.7 million, up from $80.9 million in the prior year period. For the six months ended July 4, 2026, gross profit was $164.1 million, compared to $141.9 million for the six months ended June 28, 2025.

Income from Operations

Income from operations was $23.7 million for the second quarter of 2026, a decrease from $26.3 million in the prior year period. For the six months ended July 4, 2026, income from operations was $42.1 million, slightly up from $41.9 million in the prior year period.

Operating Costs

Cost of sales was $158.7 million in Q2 2026, and $135.8 million in Q2 2025. Selling, general and administrative expenses were $62.8 million in Q2 2026, compared to $54.6 million in Q2 2025. Restructuring expenses were $0.2 million in Q2 2026 and - $0 million in Q2 2025. For the six months ended July 4, 2026, cost of sales was $306.3 million, and selling, general and administrative expenses were $121.9 million, with restructuring expenses at $0.1 million.

Adjusted EBITDA

Estimated Standalone Adjusted EBITDA for the second quarter of 2026 was $42 million, exceeding the previously provided guidance range of $37 million to $41 million (including $8 million for estimated quarterly standalone public company costs), and marking a 10.6% increase from the prior year period. Adjusted EBITDA for Q2 2026 was $42.3 million, up from $39.1 million in the prior year period. Estimated Standalone Adjusted EBITDA for Q2 2026 was $41.8 million, an increase of $4.0 million from $37.8 million in the prior year period. For the six months ended July 4, 2026, Adjusted EBITDA was $76.5 million, and Estimated Standalone Adjusted EBITDA was $75.2 million.

Financial Position

As of July 4, 2026, total debt stood at $258.6 million, with Net debt reported as $208.1 million. The Net leverage ratio was approximately 1.3x. Total liquidity amounted to $822.5 million, including $50.5 million in cash and cash equivalents and $772.0 million of availability under the Company’s revolving credit facility. Capital expenditures for the second quarter of 2026 were $3.2 million, compared to $6.4 million in the prior year period.

Orders and Backlog

Orders increased by 16% over the prior year period to $275 million, contributing to a record backlog of $446 million at quarter-end.

Outlook / Guidance

Midera Food Processing, Inc. has raised its full-year 2026 guidance, with the midpoint of the updated range reflecting an 11% net sales growth and 6% organic net sales growth. The Company anticipates an Estimated Standalone Adjusted EBITDA growth of 20% over the prior year period. Additionally, Midera Food Processing, Inc. authorized a share repurchase program of up to $50 million of its common stock, expiring in August 2029.