---
schema_version: "secwatch.filing_event.v1"
accession: "0000835011-26-000101"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2026-07-29T11:30:41+00:00"
generated_at: "2026-07-29T11:35:24.392372+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients Q2 sales down 15% to $124.4M; adjusted EPS $0.72 vs $0.97; reaffirms FY guidance

## Summary
- Consolidated sales $124.4M (-15% YoY); gross margin 37.4% vs 40.1%; net income $12.0M vs $14.4M.
- Adjusted basic EPS $0.72 vs $0.97; adjusted EBITDA $27.6M (-23%).
- Distilling Solutions sales fell 42% to $29.2M on 59% decline in brown goods; Ingredient Solutions sales up 2% but gross margin halved to 10.1%.
- Branded Spirits sales down 1% to $59.6M; premium plus up 5% led by Penelope Bourbon (+13%) and Yellowstone.
- 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: 0000835011-26-000101
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2026-07-29T11:30:41+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000083501126000101/0000835011-26-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000083501126000101/mgpi-20260729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000835011-26-000101
- JSON: https://secwatch.observer/filing/0000835011-26-000101.json
- Plain text: https://secwatch.observer/filing/0000835011-26-000101.txt

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