What does branded spirits — goodwill, impairment charge mean?

A non-cash expense recognized when the carrying amount of goodwill in the branded spirits segment exceeds its implied fair value. This indicates a potential decline in the long-term earnings potential or market value of the acquired spirit brands.

MGP Ingredients MGPI Branded Spirits — Goodwill, impairment charge

Other segment segments

Distilling Solutions

$0—

Ingredient Solutions

$0—

Similar metrics at other companies

MNSTAlcohol Brands — Goodwill And Intangible Asset Impairment

$9.6M-69.8%

MNSTAlcohol Brands — Goodwill Impaired Accumulated Impairment Loss

$86.3M0.0%

TLRYBeverage — Goodwill Impairment

$100M0.0%

CZRManaged and Branded — Goodwill, Impairment Loss

$0—

STZWine and Spirits — Goodwill impairment

$2.25B0.0%

CLMTPerformance Brands — Goodwill Impairment

$0—

Other financials

Income statement

See full

Revenue$106.4M-12.5%

Gross profit$33.6M-22.5%

Operating income-$173.2M-23,086%

Net income-$134.8M-4,358%

EPS (diluted)-$6.30-4,400%

Balance sheet

See full

Cash & equivalents$10.4M-48.5%

Total debt$260.4M-17.7%

Total equity$581.3M-29.8%

Total assets$1.0B-25.2%

Cash flow

See full

Operating cash flow$7.0M-84.4%

CapEx$5.7M-71.3%

Free cash flow$1.2M-95.0%

Valuation

See full

Market cap$349.42M-44.4%

Enterprise value$599.43M-35.1%

P/S0.7×-0.3×

Profitability

See full

Gross margin36.4%-4.4pp

Operating margin-51.2%—

Net margin-46%—

FCF margin10.2%+1.3pp

Returns & leverage

See full

Return on equity-34%—

Debt / equity0.4×+0.1×

Current ratio2.7×-0.1×

Where this comes from

Reported directly by MGP Ingredients in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: MGP Ingredients’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about MGP Ingredients's branded spirits — goodwill, impairment charge.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is MGP Ingredients's branded spirits — goodwill, impairment charge?: MGP Ingredients (MGPI) reported branded spirits — goodwill, impairment charge of $115.67M in Q1 2026.
How has MGP Ingredients's branded spirits — goodwill, impairment charge changed year-over-year?: MGP Ingredients's branded spirits — goodwill, impairment charge increased by 250.2% year-over-year, from $33.03M to $115.67M.
What does branded spirits — goodwill, impairment charge mean?: A non-cash expense recognized when the carrying amount of goodwill in the branded spirits segment exceeds its implied fair value. This indicates a potential decline in the long-term earnings potential or market value of the acquired spirit brands.