Earnings ·
MGP Ingredients reports Q3 adjusted EPS of $0.39, declares $0.12 dividend
MGPIMgp Ingredients Inc
MGP Ingredients reported third-quarter sales of $117.9 million and adjusted basic earnings per share of $0.39, beating management expectations despite a 10% year-over-year revenue decline driven by lower brown goods volumes in Distilling Solutions. The company reaffirmed its full-year 2026 guidance for adjusted EBITDA between $90 million and $98 million and declared a quarterly cash dividend of $0.12 per share, payable on November 27 to record holders as of November 13. MGP Ingredients operates in the alcoholic beverage and specialty ingredient industries through its Branded Spirits, Distilling Solutions, and Ingredient Solutions segments.