MGP Ingredients Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 sales $117.9M, down 10% year over year
- ➤Adjusted EBITDA $21.5M, down 33% year over year
- ➤2026 guidance reaffirmed: $480M-$500M sales, $90M-$98M adjusted EBITDA
- ➤Net debt reduced $28.4M; leverage ratio reached approximately 3.6x
- ➤Sempreon name and CASK ticker take effect November 2, 2026
Expert Statements
Julie Francis, President and CEO of MGP Ingredients
“Our third quarter results show that we are doing what we said we would do. Our cash flow from operations was $32 million during the quarter, and adjusted EBITDA, adjusted basic EPS and ending net leverage each came in better than our expectations. As a result, we are reaffirming guidance,”
Julie Francis, President and CEO of MGP Ingredients
“In Branded Spirits, Penelope Bourbon sales grew 12% and our mid-priced brands grew 6%. Distilling Solutions continued to navigate an oversupplied market and Ingredient Solutions grew sales by 5%. As we become Sempreon on November 2, our focus remains on executing our strategic roadmap in each of our three businesses, supported by our financial discipline and our strong right to win.”
Company reaffirms full-year 2026 guidance, declares $0.12 quarterly dividend and will become Sempreon, Inc. (Nasdaq: CASK) on November 2
MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, which will change its name to Sempreon, Inc. and its ticker symbol to CASK on November 2, 2026, today reported results for the third quarter ended September 30, 2026. During the quarter, the company continued to execute against its strategic roadmap, reducing total debt by $28.4 million and delivering adjusted EBITDA and adjusted basic EPS ahead of its expectations.
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