MGP Q3 EPS Falls to $0.32; 2026 Guidance Reaffirmed, $0.12 Dividend Declared
MGPI sits 29% above its 52-week low of $12.42.
Summary
Profit fell 55% to $6.9M on a 10% sales decline, yet adjusted EBITDA and EPS beat internal expectations, prompting MGP to reaffirm 2026 guidance and declare a $0.12 quarterly dividend.
Key Events · Earnings and Guidance · MGPI
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Q3 Sales Down 10%, Profit Down 55%
Sales fell to $117.9M from $130.9M, and net income dropped to $6.9M from $15.4M; basic EPS was $0.32 versus $0.71 a year ago.
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Adjusted Results Beat Internal Expectations
Adjusted EBITDA of $21.5M and adjusted basic EPS of $0.39 came in ahead of the company's own expectations, while quarterly operating cash flow reached $32M.
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2026 Guidance Reaffirmed
Full-year sales of $480M-$500M, adjusted EBITDA of $90M-$98M and adjusted basic EPS of $1.50-$1.80, on roughly 21.4M weighted average basic shares.
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Debt Cut $28.4M, Leverage at 3.6x
Total debt was reduced by $28.4M in the quarter; net debt leverage stood at 3.6x at September 30, 2026 versus 1.8x a year earlier.
Analysis · MGPI · Trade & Services
The quarter's headline numbers were weak: sales fell 10% to $117.9M and net income dropped 55% to $6.9M. Yet adjusted EBITDA of $21.5M and adjusted EPS of $0.39 came in above internal expectations, which is why management reaffirmed full-year guidance of $480-500M in sales and $90-98M in adjusted EBITDA. Debt reduction also helped the balance sheet, with total debt cut by $28.4M in the quarter and $32M of operating cash flow pulling the net debt leverage ratio to 3.6x. The weak spot is Distilling Solutions, where brown goods sales fell 47% on industry-wide barrel oversupply — that is the number that determines whether the reaffirmed guidance holds. Separately, a $0.12 quarterly dividend is payable November 27, 2026 to holders of record November 13, 2026, and the name/ticker change to Sempreon (CASK) takes effect November 2, 2026.
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In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MGPI was trading at $16.07 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $344M. The 52-week trading range was $12.42 to $26.77. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.