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MGP Ingredients Q1 FY26 adjusted EBITDA drops 31% to $15 million

PUBT·04/29/2026 11:32:25
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MGP Ingredients Q1 FY26 adjusted EBITDA drops 31% to $15 million
  • MGP Ingredients posted a net loss of USD 134.8 million for first-quarter 2026, driven by USD 179.5 million of non-cash impairments in Branded Spirits.
  • Revenue fell 13% to USD 106.4 million.
  • Adjusted EBITDA dropped 31% to USD 15 million.
  • Distilling Solutions revenue slid 40% to USD 28 million, while Ingredient Solutions revenue climbed 29% to USD 34.2 million.
  • MGP reaffirmed fiscal 2026 guidance for revenue of USD 480 million to USD 500 million, adjusted EBITDA of USD 90 million to USD 98 million, and adjusted basic EPS of USD 1.50 to USD 1.80.


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: 20260429936677) on April 29, 2026, and is solely responsible for the information contained therein.