Site Announcement
MGP Ingredients, Inc. has changed its corporate name to Sempreon, Inc. The company’s Nasdaq ticker symbol has changed from MGPI to CASK, and its CUSIP has not changed. Built on a legacy of tradition and shaped by a vision for what’s next, Sempreon is Building a Legacy That Lasts. For more information, see our FAQ.
v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
|
| Income Statement [Abstract] | ||||
| Sales | $ 117,911 | $ 130,912 | $ 348,695 | $ 398,059 |
| Cost of sales | 77,452 | 81,479 | 228,183 | 246,909 |
| Gross profit | 40,459 | 49,433 | 120,512 | 151,150 |
| Advertising and promotion expenses | 6,408 | 6,691 | 18,282 | 21,776 |
| Selling, general, and administrative expenses | 21,520 | 18,926 | 62,823 | 63,287 |
| Provision for credit loss | 0 | 0 | 2,148 | 0 |
| Impairment and other | 514 | 0 | 180,791 | 0 |
| Change in fair value of contingent consideration | 0 | 2,800 | 0 | 25,500 |
| Operating income (loss) | 12,017 | 21,016 | (143,532) | 40,587 |
| Interest expense, net | (3,363) | (1,739) | (7,663) | (5,490) |
| Other income, net | 281 | 428 | 530 | 957 |
| Income (loss) before income taxes | 8,935 | 19,705 | (150,665) | 36,054 |
| Income tax expense (benefit) | 2,047 | 4,276 | (34,755) | 9,255 |
| Net income (loss) | 6,888 | 15,429 | (115,910) | 26,799 |
| Attributable to noncontrolling interest | 0 | (7) | 3 | 25 |
| Net income (loss) attributable to MGP Ingredients, Inc. | 6,888 | 15,422 | (115,907) | 26,824 |
| Attributable to participating securities, basic | (85) | (190) | (101) | (322) |
| Attributable to participating securities, diluted | (85) | (190) | (101) | (322) |
| Net income (loss) used in earnings per common share calculation, basic | 6,803 | 15,232 | (116,008) | 26,502 |
| Net income (loss) used in earnings per common share calculation, diluted | $ 6,803 | $ 15,232 | $ (116,008) | $ 26,502 |
| Weighted average common shares | ||||
| Basic (in shares) | 21,457,947 | 21,373,300 | 21,427,069 | 21,359,051 |
| Diluted (in shares) | 21,457,947 | 21,373,300 | 21,427,069 | 21,359,051 |
| Earnings per common share | ||||
| Basic (in dollars per share) | $ 0.32 | $ 0.71 | $ (5.41) | $ 1.24 |
| Diluted (in dollars per share) | $ 0.32 | $ 0.71 | $ (5.41) | $ 1.24 |
| X | ||||||||||
- Definition Impairment Charges and Other Expenses No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in value of liability in contingent consideration arrangement in business combination, including, but not limited to, difference arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of undistributed earnings (loss) allocated to participating securities for the diluted earnings (loss) per share or per unit calculation under the two-class method. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|