Midera Q2 FY26 net earnings drop 62.9% to $11 million; net sales rise 13.2% to $245 million - MFP News | RalliesMidera Q2 FY26 net earnings drop 62.9% to $11 million; net sales rise 13.2% to $245 million
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MFP• Full-year outlook
- Raised FY 2026 guidance to net sales of USD 935-965 million, estimated standalone adjusted EBITDA (non-GAAP) of USD 160-176 million.
Quarterly results
- 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 and backlog
- Orders climbed 16% to USD 275 million; backlog hit a record USD 446 million.
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