---
schema_version: "secwatch.filing_event.v1"
accession: "0000835011-26-000066"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:36:09.500582+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients Q1 net loss $134.8M on $179.5M non-cash impairments; adj. EPS $0.15

## Summary
- Revenue fell 13% to $106.4M; net loss of $134.8M ($6.30 basic loss) vs year-ago loss of $3.0M.
- Recorded $115.7M goodwill and $37.0M indefinite-lived intangible impairments in Branded Spirits; also $26.9M fixed-asset impairment at Lux Row distillery.
- Adjusted net income $3.3M (-57%), adjusted EBITDA $15.0M (-31%), adjusted basic EPS $0.15 (-58%).
- Branded Spirits sales down 8% to $44.2M, but premium-plus up 1.5% (Penelope Bourbon +10%); Distilling Solutions down 40%.
- Reaffirmed FY2026 guidance: sales $480-500M, adj. EBITDA $90-98M, adj. EPS $1.50-1.80; declared $0.12 quarterly dividend.

## SEC filing metadata
- accession: 0000835011-26-000066
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000083501126000066/0000835011-26-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000083501126000066/mgpi-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000835011-26-000066
- JSON: https://secwatch.observer/filing/0000835011-26-000066.json
- Plain text: https://secwatch.observer/filing/0000835011-26-000066.txt

## Key facts
- Earnings Releases
  MGP INGREDIENTS INC reported the first quarter ended March 31, 2026 results: revenue $106.4 million, net income $3.3 million, EPS $0.15 per share. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2026
  - Revenue: $106.4 million
  - Net income: $3.3 million
  - EPS: $0.15 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: growth, taking decisive actions, and executing with discipline.” First Quarter 2026 Financial Highlights Compared to First Quarter 2025: • Consolidated sales decreased 13% to $106.4 million. • Consolidated gross profit decreased 22% to $33.6 million. Gross margin decreased by 400 basis points to 31.6%. • Net income decreased to a loss of $134.8 million, primarily
  evidence_url: https://www.sec.gov/Archives/edgar/data/835011/000083501126000066/0000835011-26-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.