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AI brief of an SEC Form 8-K · SEMPREON, INC (CASK)

MGP Ingredients Q3 sales fall 10% to $117.9 million; profit drops, guidance reaffirmed

Negative Impact 3 of 5 earnings Written later

MGP Ingredients reported third quarter 2026 results, with sales down 10% to $117.9 million and net income falling to $6.9 million from $15.4 million a year earlier. The company reaffirmed its full-year 2026 guidance and declared a $0.12 quarterly dividend, and it will change its name to Sempreon, Inc. and its ticker to CASK on November 2, 2026. For shareholders, the quarter shows weaker sales and profit, while the year-to-date results include a $180.8 million impairment charge that produced a GAAP net loss.

Key points

  • Q3 2026 sales were $117.9 million versus $130.9 million, with GAAP basic EPS of $0.32 versus $0.71 and adjusted basic EPS of $0.39 versus $0.85
  • Adjusted EBITDA was $21.5 million, down 33% from $32.3 million; the net debt leverage ratio was 3.6x at September 30, 2026, versus 1.8x a year earlier
  • Full-year 2026 guidance was reaffirmed, including sales of $480 million to $500 million and adjusted EBITDA of $90 million to $98 million
  • Dividend of $0.12 per share is payable November 27, 2026, to holders of record as of November 13, 2026

The filing

CompanySEMPREON, INC (CASK)
Form8-K, current report
Filed with the SECOct 28, 2026, 7:31 AM ET
Accession number0000835011-26-000122

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.