Quarterly ResultJul 29, 2026, 07:36 AM
MGP Ingredients Q2 Adjusted EPS $0.72; Sales $124.4M; Reaffirms Guidance
AI Summary
MGP Ingredients reported Q2 2026 results with adjusted basic EPS of $0.72 and consolidated sales of $124.4 million. While consolidated sales and gross profit decreased, adjusted EBITDA and adjusted basic EPS came in ahead of expectations. The company reaffirmed its full-year 2026 guidance and declared a quarterly dividend of $0.12 per share.
Key Highlights
- Adjusted basic EPS for Q2 2026 was $0.72, compared to $0.97 in Q2 2025.
- Consolidated sales for Q2 2026 were $124.4 million, down 15% from $145.5 million in Q2 2025.
- Adjusted EBITDA decreased 23% to $27.6 million in Q2 2026.
- Branded Spirits sales decreased 1% to $59.6 million, with premium plus sales up 5%.
- Distilling Solutions sales decreased 42% to $29.2 million, due to a 59% decline in brown goods.
- Ingredient Solutions sales increased 2% to $35.5 million, but gross profit decreased 53%.
- Company reaffirmed full-year 2026 guidance: sales $480M-$500M, adjusted EBITDA $90M-$98M, adjusted basic EPS $1.50-$1.80.
- Declared a quarterly dividend of $0.12 per share, payable August 28, 2026.
Price Impact
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