Midera Q2 FY26 net earnings drop 62.9% to $11 million; net sales rise 13.2% to $245 million

Reuters2026/08/13 20:14

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Midera reported fiscal Q2 net earnings of USD 11 million, down from USD 29 million a year earlier.
Net sales rose 13.2% year-over-year to USD 245 million; organic net sales growth was 1.2%.
Adjusted EBITDA (non-GAAP) increased 10.6% to USD 42 million; estimated standalone adjusted EBITDA was USD 42 million.
Orders climbed 16% to USD 275 million; backlog hit a record USD 446 million.
Raised FY 2026 guidance to net sales of USD 935-965 million, estimated standalone adjusted EBITDA (non-GAAP) of USD 160-176 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Midera Food Processing Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608131605PRIMZONEFULLFEED9809865) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Midera Q2 FY26 net earnings drop 62.9% to $11 million; net sales rise 13.2% to $245 million

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