MGP INGREDIENTS INC (MGPI) Form 10-Q — Oct 28, 2026
MGP Ingredients reported Q3 2026 sales of $117.9M, down 10% year-over-year, with diluted EPS of $0.32 versus $0.71 a year ago, driven by a 29% decline in Distilling Solutions sales and softer Branded Spirits volumes. The year-to-date picture is far worse: a net loss of $115.9M ($(5.41) per share) versus $26.8M net income last year, driven by a $179.5M first-quarter impairment that erased all $115.7M of Branded Spirits goodwill and wrote down trade name intangibles by $37.0M. The company also disclosed that effective November 2, 2026 it will rename itself Sempreon, Inc.
Key figures
- Eps
- 0.32
- Revenue
- 117911000
- Net Income
- 6888000
- Total Debt
- 341236000
- Revenue Yoy
- -10%
- Total Assets
- 1034072000
- Cash Position
- 13601000
- Shares Outstanding
- 21418944
- Q3 2025 eps
- 0.71
- Ytd revenue
- 348695000
- Gross margin q3
- 34.3%
- Buyback remaining
- 53412000
- Goodwill impairment
- 115667000
- Operating income q3
- 12017000
- Total impairment ytd
- 180791000
- Credit facility available
- 365000000
- Convertible notes principal
- 201250000
- Quarterly dividend per share
- 0.12
- Credit loss customer bankruptcy
- 2148000
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