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MGP Ingredients MGPI Branded Spirits — Goodwill, impairment charge

Other segment segments

Distilling Solutions
$0
Ingredient Solutions
$0

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Other financials

Income statement

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Revenue$124.4M-14.5%
Gross profit$46.5M-20.4%
Operating income$17.7M-13.1%
Net income$12.0M-16.8%
EPS (diluted)$0.55-17.9%

Balance sheet

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Cash & equivalents$17.8M+2.7%
Total debt$384.2M+21.8%
Total equity$590.8M-29.8%
Total assets$1.1B-23.7%

Cash flow

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Operating cash flow-$47.7M-509%
CapEx$4.5M-63.2%
Free cash flow-$52.2M

Valuation

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Market cap$380.96M-34.3%
Enterprise value$747.33M-14.8%
P/S0.8×-0.2×

Profitability

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Gross margin35.5%-4.2pp
Operating margin-53.9%
Net margin-48.4%
FCF margin0.2%-9.6pp

Returns & leverage

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Return on equity-33.8%
Debt / equity0.7×+0.3×
Current ratio+4.1×

Where this comes from

Reported directly by MGP Ingredients in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: MGP Ingredients’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 7:32 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000835011-26-000103
Line itemDistilling SolutionsBranded SpiritsIngredient SolutionsTotal
Balance, December 31, 2025$115,667$115,667
Impairment(115,667)(115,667)
Balance, June 30, 2026

ITEM 1. FINANCIAL STATEMENTS

FAQ

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.

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