MGP Ingredients Q1 net loss $3.1M; sales down 29%, reaffirms 2025 outlook

MGP INGREDIENTS INC

2025-Q1 EPS reported -$0.14 revenue$121,653,000

Net loss of $3.1M vs $19.9M income in Q1 2024; basic EPS loss $0.14.
Adjusted net income down 68% to $7.8M; adjusted basic EPS $0.36 (down 66%).
Branded Spirits segment sales down 4% to $48.2M; premium plus up 7% driven by Penelope.
Distilling Solutions sales fell 45% to $46.9M on lower brown goods demand; gross margin ~flat at 39.8%.
Reaffirmed FY 2025 sales guidance $520-$540M; adjusted EBITDA $105-$115M; upsized credit facility to $500M.

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