MGP Ingredients beats adjusted EPS estimates as revenue declines and outlook is reaffirmed
MGP Ingredients reported third-quarter 2026 revenue of $117.9M and adjusted EPS of $0.39 on October 28, beating the $0.32 EPS estimate while revenue fell 10% year over year. The company reaffirmed its 2026 outlook, including sales of $480M-$500M, adjusted EBITDA of $90M-$98M and adjusted basic EPS of $1.50-$1.80. It also announced a corporate rebrand effective November 2, with shares expected to trade under CASK.
Why it matters
The results leave investors weighing an adjusted earnings beat against lower revenue and weakness in Distilling Solutions. Reaffirmed guidance limits the immediate change to the earnings outlook, while the planned rebrand will change the company identity and trading symbol on November 2.
Key facts
- 1Third-quarter revenue was $117.9 million, while adjusted basic EPS was 39 cents and operating cash flow was $32 million. financialcontent.com
- 2Reported net income was $6.9M, or 32 cents per share, compared with adjusted EPS of 39 cents. finance.yahoo.com
- 3MGP Ingredients reaffirmed 2026 sales guidance of $480 million to $500 million, adjusted EBITDA guidance of $90 million to $98 million, and adjusted basic EPS guidance of $1.50 to $1.80. financialcontent.com
- 4Branded Spirits sales were $58.2 million, Distilling Solutions sales were $29.0 million, and Ingredient Solutions sales were $30.8 million. financialcontent.com
- 5The company announced a rebrand to Sempreon effective November 2, 2026, with shares trading under CASK. investing.com
Open questions
- Revenue expectations differ between materials, with one citing $119.7M and another citing $120.6 million for the same quarter.
- The planned new corporate name is reported as Sempreon in some materials and Sempraan in another.
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.