MGP Ingredients — Third Quarter 2026 Earnings Summary

MGP Ingredients reported third-quarter 2026 consolidated sales of $117.9 million, a 10% decrease from the prior year, driven by lower brown goods sales in Distilling Solutions and reduced international private label sales. The company posted adjusted EBITDA of $21.5 million and adjusted basic EPS of $0.39, both exceeding expectations, while reaffirming its full-year 2026 guidance for sales between $480 million and $500 million. During the quarter, the company reduced total debt by $28.4 million and declared a $0.12 quarterly dividend payable in November. Additionally, MGP Ingredients confirmed it will change its name to Sempreon, Inc. and its Nasdaq ticker symbol to CASK effective November 2, 2026.