Marc Torrente

Mitchell Pinheiro

Sean McGowan

Benjamin Klieve

Seamus Cassidy

William Chappell

Ben Klieve

Bill Chappell

Robert Moskow

- MGP Ingredients reported a **decline in Q3 2025 net income to $15.23 million** and **revenue by 18.9% to $130.91 million** compared to the previous year, although **adjusted EPS of $0.85 exceeded Wall Street expectations**.  **[835011_5b71b71563294c458392862caaf5ea83]** 
- The company **maintained its full-year revenue guidance at approximately $530 million** (with slightly lowered expectations) and **raised its adjusted EPS guidance to $2.68**.  **[835011_5b71b71563294c458392862caaf5ea83]** 
- While the **operating margin declined to 16.1%** in Q3 2025 from 20.2% in the prior year, the **free cash flow margin improved to 21.1%** from 15.2%.  **[835011_5b71b71563294c458392862caaf5ea83]** 
- Operational challenges were noted in the **Ingredient Solutions segment**, but the company emphasized **strong cash flow generation** and a **manageable net debt leverage ratio of approximately 1.8x**.  **[835011_5b71b71563294c458392862caaf5ea83]** 
- MGP Ingredients declared a **quarterly dividend of $0.12 per share** payable on November 28, 2025.  **[835011_5b71b71563294c458392862caaf5ea83]**

MGP Ingredients Reports Q3 2025 Results, Raises Full-Year EPS Guidance

- For Q3 2025, MGP Ingredients reported **consolidated sales decreased 19% to $131 million**, with **adjusted EBITDA declining to $32 million** and **adjusted basic earnings per share at $0.85**.  **[0000835011_2216525_2]** **[0000835011_2216525_5]** 
- The company **raised its full-year 2025 adjusted EBITDA guidance to $110 million to $115 million** and **adjusted EPS guidance to $2.60 to $2.75**, while **tightening sales guidance to $525 million to $535 million**.  **[0000835011_2216525_2]** **[0000835011_2216525_6]** 
- The **branded spirits segment sales decreased 3%**, though **Penelope Bourbon continued strong growth**, ranking as the second fastest-growing premium plus American whiskey brand over the last 52 weeks.  **[0000835011_2216525_2]** **[0000835011_2216525_5]** 
- The **distilling solutions segment sales declined 43%**, and the **ingredient solutions segment faced operational execution issues** due to an unanticipated equipment outage, which is expected to remain a headwind in Q4.  **[0000835011_2216525_3]** **[0000835011_2216525_5]** 
- MGP Ingredients is conducting an **exhaustive strategic review** of its business and appointed **Matthias Bentel as Chief Marketing Officer** and **Chris Wiseman as Senior Vice President of Operations**.  **[0000835011_2216525_1]**

MGPI Reports Q3 2025 Results and Updates Full-Year Guidance

- MGP Ingredients reported Q3 2025 consolidated sales of **$131 million**, a **19%** decline, with adjusted EBITDA of **$32 million** and adjusted basic EPS of **$0.85**.  **[0000835011_2217093_2]** **[0000835011_2217093_5]** 
- The company raised its full-year 2025 guidance for adjusted EBITDA to **$110 million-$115 million** and adjusted EPS to **$2.60-$2.75**, while tightening sales guidance to **$525 million-$535 million**.  **[0000835011_2217093_2]** **[0000835011_2217093_6]** 
- Operational execution in the **Ingredient Solutions** segment fell short of expectations due to an unanticipated equipment outage and lower reliability, which is expected to remain a headwind in Q4 2025.  **[0000835011_2217093_3]** **[0000835011_2217093_5]**  Despite this, the **Penelope Bourbon** brand continues to drive strong performance in the branded spirits segment, ranking as the second fastest-growing premium plus American whiskey brand over the past 52 weeks.  **[0000835011_2217093_2]** 
- New leadership appointments include **Matias Bentel** as Chief Marketing Officer and **Chris Wiseman** as Senior Vice President of Operations.  **[0000835011_2217093_1]**

MGPI Announces Q3 2025 Results and Updates Full-Year Guidance

- MGPI reported **Q3 2025 consolidated sales declined by 19% to $131 million**, with **adjusted EBITDA of $32 million** and **adjusted basic earnings per share of $0.85**.  **[0000835011_2211584_2]** **[0000835011_2211584_5]** 
- The company **raised its full-year 2025 guidance for adjusted EBITDA to a range of $110 million to $115 million and adjusted basic EPS to $2.60 to $2.75**, while **tightening sales guidance to $525 million to $535 million**.  **[0000835011_2211584_2]** **[0000835011_2211584_6]** 
- The **branded spirits segment sales decreased by 3% but premium plus sales showed positive growth**, with **Penelope Bourbon** noted as the **second fastest growing premium plus American whiskey brand** over the last 52 weeks.  **[0000835011_2211584_2]** **[0000835011_2211584_5]** **[0000835011_2211584_13]** 
- The **distilling solutions segment sales declined by 43%**, though ahead of expectations, and the **ingredient solutions segment faced an unanticipated equipment outage** that pressured Q3 performance and is expected to be a headwind in Q4.  **[0000835011_2211584_3]** **[0000835011_2211584_5]** 
- MGPI is conducting an **exhaustive strategic review** of its business, focusing on **active portfolio management** of spirits brands, and appointed **Matthias Bentel** as Chief Marketing Officer and **Chris Wiseman** as Senior Vice President of Operations.  **[0000835011_2211584_1]**

MGPI Reports Q3 2025 Results and Raises Full-Year Guidance

- Consolidated sales for Q3 2025 decreased by **19% to $130.9 million**, with adjusted EBITDA falling **29% to $32.3 million** and adjusted EPS decreasing **34% to $0.85**.  **[0000835011_2210801:6]** 
- Segment performance showed Branded Spirits sales declining **3%**, Distilling Solutions sales decreasing **43%**, and Ingredient Solutions sales increasing **9%**.  **[0000835011_2210801:6]** 
- Year-to-date operating cash flows increased **26% to $92.5 million**, and the net debt leverage ratio was **1.8x** as of September 30, 2025.  **[0000835011_2210801:6]** **[0000835011_2210801:9]** 
- MGPI raised its full-year 2025 guidance for Adjusted EBITDA to **$110 million to $115 million** and Adjusted EPS to **$2.60 to $2.75**.  **[0000835011_2210801:8]**

MGPI Announces Q3 2025 Results and Raises Full-Year Guidance

- MGP Ingredients, Inc. reported a **19% decrease in consolidated sales to $130.9 million** and a **34% decrease in adjusted basic EPS to $0.85 per share** for the third quarter of 2025 compared to the prior-year period.  **[835011_0000835011-25-000095_mgpiq32025ex-991.htm:0]** 
- The company raised its full-year 2025 adjusted EBITDA guidance to **$110 million to $115 million** and adjusted basic EPS guidance to **$2.60 to $2.75**, while tightening sales guidance to **$525 million to $535 million**.  **[835011_0000835011-25-000095_mgpiq32025ex-991.htm:0]** **[835011_0000835011-25-000095_mgpiq32025ex-991.htm:1]** 
- Consolidated sales were primarily impacted by a **43% decrease in Distilling Solutions segment sales to $40.9 million** due to constrained brown goods demand, despite a **9% increase in Ingredient Solutions sales** and a **3% increase in premium plus branded spirits sales**.  **[835011_0000835011-25-000095_mgpiq32025ex-991.htm:0]** **[835011_0000835011-25-000095_mgpiq32025ex-991.htm:1]** **[835011_0000835011-25-000095_mgpiq32025ex-991.htm:10]** 
- Year-to-date operating cash flows increased **26% to $92.5 million**, and the net debt leverage ratio was approximately **1.8x** as of September 30, 2025.  **[835011_0000835011-25-000095_mgpiq32025ex-991.htm:0]**

MGP Ingredients Reports Q3 2025 Results and Updates Full-Year Guidance

- MGP Ingredients reported **third quarter 2025 consolidated sales of $130.9 million**, a **19% decrease** compared to the prior-year period.  **[835011_1950f08ae55e487eaf5584c893c29efd_0]** 
- For the third quarter of 2025, **adjusted basic EPS decreased 34% to $0.85 per share** and **adjusted EBITDA decreased 29% to $32.3 million**.  **[835011_1950f08ae55e487eaf5584c893c29efd_0]** 
- The company **raised its full-year 2025 adjusted EBITDA guidance to a range of $110 million to $115 million** and **adjusted EPS guidance to $2.60 to $2.75**, while **tightening full-year sales guidance to $525 million to $535 million**.  **[835011_1950f08ae55e487eaf5584c893c29efd_0]** **[835011_1950f08ae55e487eaf5584c893c29efd_2]** 
- **Year-to-date operating cash flows increased 26% to $92.5 million**, and **year-to-date capital expenditures declined 42% to $25.4 million** compared to the prior-year period ended September 30, 2025.  **[835011_1950f08ae55e487eaf5584c893c29efd_0]**

MGP INGREDIENTS (MGPI)