MGP Ingredients reaffirms 2026 adjusted EBITDA forecast of $90 million to $98 million
MGPI•MGP Ingredients reaffirmed its 2026 sales guidance of $480 million to $500 million and adjusted EBITDA forecast of $90 million to $98 million. Third-quarter sales fell 10% to $117.9 million, while adjusted EBITDA declined 33% to $21.5 million.
1. 2026 forecast reaffirmed
MGP Ingredients reaffirmed its full-year 2026 sales guidance of $480 million to $500 million on October 28. The company forecast adjusted EBITDA of $90 million to $98 million, adjusted basic EPS of $1.50 to $1.80, and capital spending of about $20 million.
2. Third-quarter results
Third-quarter adjusted EBITDA fell 33% to $21.5 million, and adjusted EPS declined 54% to $0.39; both were ahead of expectations. Sales dropped 10% to $117.9 million as Distilling Solutions sales declined 29%, and the industry outlook remained challenging.
