MGP INGREDIENTS INC
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 29, 2026
MGPI$17.12-0.5%Stored close · as of Oct 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income (Loss) (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(Dollars in thousands, except share and per share amounts)
| Quarter Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Sales | $106,427 | $121,653 |
| Cost of sales | 72,845 | 78,323 |
| Gross profit | 33,582 | 43,330 |
| Advertising and promotion expenses | 6,191 | 8,172 |
| Selling, general, and administrative expenses | 21,066 | 21,205 |
| Goodwill and other long-lived assets impairment | 179,526 | — |
| Change in fair value of contingent consideration | — | 14,700 |
| Operating loss | (173,201) | (747) |
| Interest expense, net | (1,421) | (1,854) |
| Other income (expense), net | (50) | 215 |
| Loss before income taxes | (174,672) | (2,386) |
| Income tax expense (benefit) | (39,865) | 671 |
| Net loss | (134,807) | (3,057) |
| Attributable to noncontrolling interest | 3 | 33 |
| Net loss attributable to MGP Ingredients, Inc. | (134,804) | (3,024) |
| Attributable to participating securities | (35) | 30 |
| Net loss used in earnings per common share calculation | $(134,839) | $(2,994) |
| Weighted average common shares | ||
| Basic | 21,389,441 | 21,342,531 |
| Diluted | 21,389,441 | 21,342,531 |
| Earnings per common share | ||
| Basic | $(6.30) | $(0.14) |
| Diluted | $(6.30) | $(0.14) |
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