MGP (MGPI) Reports Q1 2026 Earnings with Revenue Decline and Impairment Charge
MGP (MGPI) reported Q1 2026 earnings with a 13% revenue decline to $106.4 million, in line with expectations. The company recorded a net loss of $134.8 million due to a $179.5 million non-cash impairment charge in the Branded Spirits segment. Adjusted EBITDA was $15 million, down 31% year-over-year but above internal projections.
Tickers: $MGPI
Topics: earnings report EBITDA goodwill impairment net loss revenue decline segment performance