MGP Ingredients reaffirms 2026 adjusted EBITDA forecast of $90 million to $98 million
Bitget2026/10/28 11:39- MGP Ingredients reaffirmed full-year 2026 sales guidance of $480 million to $500 million on October 28.
- Adjusted EBITDA is forecast at $90 million to $98 million, with adjusted basic EPS of $1.50 to $1.80.
- Capital spending is projected at about $20 million.
- Third-quarter adjusted EBITDA fell 33% to $21.5 million; adjusted EPS declined 54% to $0.39, both ahead of expectations.
- Quarterly sales dropped 10% to $117.9 million as Distilling Solutions sales declined 29%; the industry outlook remains challenging.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lithium-For-Earth Raises KRW 1.32 Billion in Private Placement
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
Crypto prices
More
