Q2 2026 MGP Ingredients Inc Earnings Call Transcript

Jul 29, 2026 / 02:00 PM GMT

Release Date Price: $18.88 (+0.91%)

Transcript 10-Q8-K

Key Points

Positve

MGP Ingredients Inc (MGPI) exceeded expectations for adjusted EBITA and EPS despite a decline in sales compared to the previous year.
The company reported continued momentum in its premium plus portfolio and improvement in select mid and value-priced brands.
Sales growth was achieved in ingredient solutions, reflecting strong customer demand and improved operational reliability.
Gross margin expanded due to lower distillation costs and favorable sales price and mix.
Strategic appointments were made to strengthen leadership and expertise across customer strategy, national retail, and brand marketing.

Negative

Sales for the second quarter were down 15% compared to the prior year, primarily due to expected declines in brown goods sales and distilling solutions.
Gross profit decreased by 20%, with consolidated gross margin declining by approximately 270 basis points.
Ingredient solutions faced elevated waste starch disposal costs, impacting profitability.
The company took a $2.1 million credit loss provision due to a distributor's bankruptcy filing.
The distilling solutions segment experienced a 42% decline in sales and a 40% decline in gross profit, attributed to an oversupplied market and elevated inventory levels.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MGPI.OQ - MGP Ingredients Inc
Q2 2026 MGP Ingredients Inc Earnings Call
Jul 29, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

And welcome to the MGP ingredients second quarter 2026 earnings conference call with Julie Francis, President and CEO, and Brandon Gall, CFO.

All participants will be in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing this key followed by 0.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press star, then 1 on a touchtone phone.

To withdraw your question, please press star, then 2.

Please also note this event is being recorded today.

In addition,

This call may involve certain forward-looking statements.

The company's actual

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