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Business Summary: MGP Ingredients, Inc. is a producer of branded and distilled spirits, as well as food ingredient solutions. Its offerings include bourbon and rye whiskeys, gins, and vodkas. It operates through three segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. Its Distilling Solutions Segment processes corn and other grains (including rye, barley, wheat, barley malt, and milo) into food-grade alcohol and distillery co-products, such as distillers feed, which are produced at its distilleries in Lawrenceburg, Indiana, and Bardstown, Kentucky. Branded Spirits segment consists of a portfolio of brands, which it produces through its distilleries and bottling facilities and sells to distributors or to state governments that directly control the sale of alcohol. Its Ingredient Solutions segment consists of specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat protein products which are sold to customers pursuant to purchase orders.
Financial Summary: BRIEF: For the three months ended 31 March 2026, MGP Ingredients Inc revenues decreased 13% to $106.4M. Net loss applicable to common stockholders increased from $3M to $134.8M. Revenues reflect Distillery Products segment decrease of 40% to $28M, Branded Spirits segment decrease of 8% to $44.2M. Higher net loss reflects Branded Spirits segment loss increase from $9.1M to $172.4M, Distillery Products segment income decrease of 56% to $7.8M.