Midera Food Processing, Inc. (MFP) SEC Filings & Earnings Calls
EquiReason read 7 Midera Food Processing, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-08-18 — Spin-off from Middleby completed on July 6, 2026, making Midera an independent public company..
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 1.9B
- P/E TTM
- —
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 12 Nov, in 19 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
18 Aug 202610-QSpin-off from Middleby completed on July 6, 2026, making Midera an independent public company.open
Figures in the filing · each found in the filing text
| Net sales · Q2-2026 | $245M | +13% y/y |
| Net earnings · Q2-2026 | $11M | -63% y/y |
| Gross profit · Q2-2026 | $87M | +7% y/y |
| Adjusted EBITDA · Q2-2026 | $42M | +8% y/y |
| Cash and cash equivalents · 2026-07-04 | $51M | |
| Total debt · 2026-07-04 | $259M |
Risks flagged
Spin-off execution risk
“The Company used borrowings under its revolving credit facility and cash on hand to make a distribution to Middleby of $233.0 million.” · word for word
Increased leverage
“Total debt increased to $258.6 million from $33.5 million.”
Foreign exchange exposure
“Foreign currency translation adjustments resulted in a loss of $1.6 million.”
13 Aug 20268-K · 2.02, 7.01Midera Food Processing reports Q2 2026 results: net sales +13.2% to $245M, orders +16% to $275M, record backlog $446M, raises full-year guidance, completed spin-off from Middleby, authorizes $50M buyback.earningsopen
Figures in the filing · each found in the filing text
| Net sales · Q2-2026 | $245M | +13% y/y |
| Net earnings · Q2-2026 | $11M | -63% y/y |
| Estimated Standalone Adjusted EBITDA · Q2-2026 | $42M | +11% y/y |
| Orders · Q2-2026 | $275M | +16% y/y |
| Backlog · Q2-2026 | $446M | |
| Total debt · Q2-2026 | $259M | |
| Net debt · Q2-2026 | $208M | |
| Cash and cash equivalents · Q2-2026 | $51M | |
| Capital expenditures · Q2-2026 | $3M | -50% y/y |
| Organic net sales growth · Q2-2026 | 1.2% |
Guidance
FY26 net sales raised to $935-965M from $915-945M; FY26 Estimated Standalone Adjusted EBITDA raised to $160-176M from $154-176M; FY26 organic net sales growth ~6%; FY26 depreciation and amortization $26-28M; FY26 interest expense net $7-8M; FY26 diluted shares 45-46M
Full-year 2026 guidance raised for net sales and Adjusted EBITDA, reflecting strong demand and backlog.
Risks flagged
Cost inflation including tariffs impacting margins.
“Partially offset by the impact of cost inflation, including tariffs.” · word for word
Delayed equipment shipments in snack category.
“Partially offset by delayed equipment shipments in the snack category.” · word for word
Spin-off execution risks and standalone public company costs.
“Estimated Standalone Adjusted EBITDA includes estimated annual standalone public company costs of $32 million.” · word for word
6 Jul 20268-K · 1.01, 3.03, 5.01, 5.02, 5.03, 5.05, 7.01Midera Food Processing was spun off from The Middleby Corporation via a pro rata distribution of 100% of its shares to Middleby stockholders, becoming an independent public company.open
Risks flagged
Spin-off execution risk: transition services dependency, potential operational disruption
“Transition Services Agreement for IT, payroll, accounting, compliance, administrative activities on transitional basis.”
Tax qualification risk: Spin-off must qualify for tax-free treatment
“Tax Matters Agreement governs tax liabilities, attributes, audits.”
29 Jun 20268-K · 1.01, 2.03, 8.01Midera Food Processing entered a $1.0B credit agreement in connection with its spin-off from Middleby, including $750M USD revolver and $250M multi-currency revolver.open
Figures in the filing · each found in the filing text
| Credit facility size | $1.00B | |
| Maximum secured net leverage ratio covenant | $3.75 | |
| Minimum consolidated interest coverage ratio covenant | $3.00 |
Risks flagged
Debt covenant compliance risk: secured net leverage max 3.75x, interest coverage min 3.0x
“maximum Secured Net Leverage Ratio of 3.75 to 1.00... minimum Consolidated Interest Coverage Ratio of 3.00 to 1.00”
Spin-off condition: credit facility terminates if spin-off does not occur within 15 business days
“the credit facility commitments will terminate and all loans shall become due within 15 business days after the Closing Date if the Spin-off does not occur.” · word for word
22 Jun 20268-K · 8.01Midera Food Processing, a Middleby subsidiary, filed Form 10 for spin-off into independent public company; distribution date July 6, 2026, ticker MFP.open
Risks flagged
Spin-off completion subject to conditions; may not occur
“Completion of the Spin-off is conditioned upon the satisfaction or waiver of certain conditions” · word for word
Forward-looking statements caution: many risks including market conditions, regulatory, tax treatment
“Cautionary Statement Regarding Forward-Looking Statements... changing market conditions; volatility in earnings... risks associated with the Company's foreign operations...”
Midera Food Processing, Inc. — questions
- What did Midera Food Processing, Inc. file recently?
- 7 SEC filings in the last 12 months. Latest: 10-Q on 2026-08-18 — Spin-off from Middleby completed on July 6, 2026, making Midera an independent public company.
Every figure on this page comes from Midera Food Processing, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.