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.
“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”
Governance Changes
MGP INGREDIENTS INC: Board approved further amendment and restatement of Amended and Restated Bylaws, effective immediately; changes include permitting common stockholders to fill Group A director vacancies, allowing preferred stockholders to fill Group B director vacancies via written action, and other clarifying chang (effective 2025-12-11).
“On December 11, 2025, the Board approved the further amendment and restatement of the Company’s Amended and Restated Bylaws (as so amended and restated, the “Amended and Restated Bylaws”), effective immediately.”
Preet H. Michelson resigned as Group B member of the Board of Directors at MGP INGREDIENTS INC.
“In addition, Preet H. Michelson resigned as a Group B member of the Board, effective April 14, 2025.”
Martin Roper was elected as Group B member of the Board of Directors at MGP INGREDIENTS INC.
“On April 14, 2025, Gerardo I. Lopez and Martin Roper were elected as Group B members of the Board of Directors (the “Board”) of MGP Ingredients, Inc.”
Gerardo I. Lopez was elected as Group B member of the Board of Directors at MGP INGREDIENTS INC.
“On April 14, 2025, Gerardo I. Lopez and Martin Roper were elected as Group B members of the Board of Directors (the “Board”) of MGP Ingredients, Inc.”
Earnings Releases
MGP INGREDIENTS INC reported first quarter ended March 31, 2024 results: revenue $170.6 million, net income $20.6 million, EPS $0.92 per share. Guidance reaffirmed.
“the first quarter ended March 31, 2024. 2024 first quarter consolidated results compared to 2023 first quarter: • Due to the Atchison distillery closure, sales decreased 15% to $170.6 million. Excluding the impact of the Atchison distillery in both periods, consolidated sales were in line with the prior year period. • As expected, gross profit decreased 10% to $62.8”
Curtis C. Landherr resigned as Chief Legal Officer, Vice President, and Corporate Secretary at MGP INGREDIENTS INC.
“On April 22, 2024, Curtis C. Landherr, the Chief Legal Officer, Vice President, and Corporate Secretary and a named executive officer of MGP Ingredients, Inc. (the “Company”) notified the Company that he is resigning from the Company, effective May 31, 2024.”
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