MGP INGREDIENTS INC 8K

MGP Ingredients, Inc. reported weaker second quarter 2026 results but reaffirmed full-year guidance, updated its tax-rate outlook, noted higher leverage, and declared a $0.12 per-share quarterly dividend.

On July 29, 2026, MGP Ingredients, Inc. reported its unaudited financial results for the second quarter ended June 30, 2026, showing year-over-year declines in consolidated sales (down 15% to $124.4 million), gross profit (down 20% to $46.5 million), net income (down to $12.0 million), and adjusted EBITDA (down 23% to $27.6 million), primarily due to expected weakness in brown goods sales within Distilling Solutions and margin pressure from higher waste starch stream costs in Ingredient Solutions, partially offset by stable Branded Spirits performance and modest growth in Ingredient Solutions sales; the company also disclosed continued execution of cost management and restructuring initiatives (including impairment and severance-related charges earlier in the year), reaffirmed its full-year 2026 guidance for sales of $480–$500 million, adjusted EBITDA of $90–$98 million, and adjusted basic EPS of $1.50–$1.80, updated its expected 2026 effective tax rate to approximately 23% due to a change in Kansas tax law, reported an increase in its net debt leverage ratio to 3.5x, and announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share payable on August 28, 2026 to stockholders of record on August 14, 2026.

Filing Facts

CIK

835011

Ticker

-

Form

8K

Source Type

sec

Accession

0000835011-26-000101

Alert Tier

6