Distilled spirits maker MGP Ingredients beats Q3 sales expectations, hikes FY profit view

MGP Ingredients

29/10/2025 11:39

Overview

MGP Ingredients Q3 sales fell 19% but beat analyst expectations

Adjusted EPS for Q3 decreased 34% to $0.85

Company raises full-year adjusted EBITDA and EPS outlook

Outlook

MGP Ingredients raises full-year adjusted EBITDA guidance to $110 mln-$115 mln

Company tightens full-year sales guidance to $525 mln-$535 mln

MGP Ingredients increases full-year adjusted EPS outlook to $2.60-$2.75

Result Drivers

BROWN GOODS DECLINE - Sales decrease primarily due to expected declines in brown goods

PREMIUM PLUS GROWTH - Premium plus brands delivered solid growth, with Penelope Bourbon maintaining strong growth

INGREDIENT SOLUTIONS SALES INCREASE - Sales rose 9% due to higher wheat protein sales, despite operational challenges

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$130.90 mln
$128 mln (6 Analysts)
Q3 EPS
$0.71
Q3 Net Income
$15.40 mln
Q3 Adjusted EBITDA
$32.29 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the distillers & wineries peer group is "buy"

Wall Street's median 12-month price target for MGP Ingredients Inc is $38.00, about 37.7% above its October 28 closing price of $23.67

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw3CFH6Ta

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)