MGP Ingredients Posts 3Q EPS of 32 Cents
MGPI sits 23% above its 52-week low of $12.42.
Summary
MGP Ingredients reported third-quarter EPS of 32 cents on sales of $117.9M, the first hard earnings number out this quarter, and said the quarter beat its internal targets while it reaffirmed 2026 guidance of $480M-$500M sales and $90M-$98M adjusted EBITDA. It also declared a $0.12 per share quarterly dividend payable Nov. 27, 2026 to holders of record Nov. 13. The bar is low: H1 produced a $122.8M loss after a $179.5M impairment wiped out all goodwill, a key customer's bankruptcy added a $2.1M credit loss, and debt stood at $369.6M. Against a roughly $328M market cap, a 32-cent quarter is the first read on whether the core business is stabilizing after that write-down. The company also renames itself Sempreon effective November 2, 2026, with a Nasdaq ticker change from MGPI.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — MGP declared a $0.12 per share quarterly dividend payable Nov. 27, 2026 to holders of record Nov. 13, and reaffirmed 2026 guidance of $480M-$500M sales and $90M-$98M adjusted EBITDA.
At the time of this announcement, MGPI was trading at $15.32 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $328.1M. The 52-week trading range was $12.42 to $26.77. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.