MGP Ingredients Q3 2025 Financial Results

MGP Ingredients, Inc. reported its financial results for the third quarter of 2025, ending September 30, 2025. The company announced a 19% decrease in consolidated sales to $130.9 million compared to the same period in 2024. Gross profit declined by 25% to $49.4 million, with a gross margin decrease of 300 basis points to 37.8%. Net income dropped by 35% to $15.4 million, and adjusted EBITDA decreased by 29% to $32.3 million. The company updated its full-year adjusted EBITDA guidance to a range of $110 million to $115 million and adjusted EPS guidance to $2.60 to $2.75. The Branded Spirits segment saw a 3% decrease in sales, while the Distilling Solutions segment experienced a 43% decline in sales due to lower demand for brown goods. The Ingredient Solutions segment reported a 9% increase in sales, driven by higher sales of specialty and commodity wheat proteins. MGP Ingredients remains focused on improving operational efficiency and addressing challenges in its Ingredient Solutions segment.