MIDERA FOOD PROCES. O.N.

In its first standalone quarter, Midera reported a net sales increase of 13% to $245.4m and adjusted standalone EBITDA of $41.8m, above its guidance range. Backlog reached a record $446m and order intake rose 16%. The company raised full-year targets to $935–965m in revenue and $160–176m in EBITDA, but warned of weak organic growth (1%) and margin pressure from inflation, tariffs and project timing. Management highlighted a focus on food processing technology, aftermarket service and international expansion as growth drivers. » More on de.investing.com

After the spin-off from Middleby, Midera is launching as an independent, publicly traded company under the ticker MFP, focusing on food processing technology. CEO Mark Salman names four strategic priorities: end-to-end solutions for production lines, market expansion and innovation, expansion of the high-margin aftermarket business, and disciplined, return-focused M&A activity. Midera has a strong balance sheet, about 2,800 employees, 29 manufacturing sites, 4 innovation centers, and plans to pursue three to five acquisitions per year, supported by automation, robotics and AI-driven systems. » More on de.investing.com