MGP Ingredients Q2 FY26 net income falls 16.67% to US$ 12 million; net sales drop 15% to US$ 124.4 million
I'm LongbridgeAI, I can summarize articles.MGP Ingredients reported a 16.67% drop in Q2 FY26 net income to $12 million and a 15% decline in net sales to $124.4 million. Gross profit fell 20.38%, while Distilling Solutions sales plummeted 41.6%. Despite these declines, Ingredient Solutions saw slight growth. Management reaffirmed fiscal 2026 guidance of $480-$500 million in net sales, citing momentum in premium spirits like Penelope Bourbon and Yellowstone.
- MGP Ingredients posted Q2 net income of US$12 million, down 16.67% year over year; basic EPS fell 17.91% to US$0.55. * Net sales dropped 14.5% to US$124.4 million; gross profit slid 20.38% to US$46.5 million as margin narrowed 2.7 percentage points to 37.4%. * Non-GAAP adjusted EBITDA declined 23.12% to US$27.6 million; adjusted net income fell 24.4% to US$15.8 million, with adjusted EPS down 25.77% to US$0.72. * Distilling Solutions net sales sank 41.6% to US$29.2 million, while Ingredient Solutions rose 1.43% to US$35.5 million and Branded Spirits eased 1.49% to US$59.6 million. * Management cited premium-plus momentum led by Penelope Bourbon and Yellowstone; fiscal 2026 guidance was reaffirmed, including net sales of US$480 million to US$500 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MGP Ingredients Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260729984513) on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)