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MGP INGREDIENTS INC (MGPI) filed an 8-K current report with the SEC on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q2 2026 results for quarter ended June 30, 2026 furnished via Exhibit 99.1.
MGP INGREDIENTS INC 8-K event analysis
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Item 2.02 · Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026 furnished via Exhibit 99.1
- Press release issued July 29, 2026, providing the primary financial details for investor review
Item EX-99.1 · Exhibit EX-99.1
- Q2 sales fell 15% to $124.4M and adjusted EBITDA declined 23% to $27.6M, reflecting continued weakness in distillate demand
- Distilling Solutions revenue dropped 42% to $29.2M, with brown goods sales down 59%, highlighting ongoing aged-whiskey inventory pressure
- Branded Spirits showed stabilization: premium-plus sales rose 5%, Penelope Bourbon increased 13%, and segment margin improved to 53.0%
- Ingredient Solutions sales increased 2%, but gross margin fell to 10.1% from 21.7% due to higher waste starch stream costs
- 2026 guidance was reaffirmed at $480M-$500M sales, $90M-$98M adjusted EBITDA, and $1.50-$1.80 adjusted EPS; quarterly dividend declared at $0.12 per share
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