Distilling Solutions net sales sank 41.6% to US$29.2 million, while Ingredient Solutions rose 1.43% to US$35.5 million and Branded Spirits eased 1.49% to US$59.6 million.
Management cited premium-plus momentum led by Penelope Bourbon and Yellowstone; fiscal 2026 guidance was reaffirmed, including net sales of US$480 million to US$500 million.
MGP Ingredients reports lower Q2 net income, sales and EBITDA
MGP Ingredients posted Q2 net income of US$12 million, down 16.67% year over year; basic EPS fell 17.91% to US$0.55.
Net sales dropped 14.5% to US$124.4 million; gross profit slid 20.38% to US$46.5 million as margin narrowed 2.7 percentage points to 37.4%.
Non-GAAP adjusted EBITDA declined 23.12% to US$27.6 million; adjusted net income fell 24.4% to US$15.8 million, with adjusted EPS down 25.77% to US$0.72.
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