Sempreon stock: Q3 sales fall 10% as outlook holds

Published on 11/10/2026 at 01:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sempreon stock traded at 16.50 euros late Monday. The former MGP Ingredients group kept its full-year outlook after mixed segment trends.

Mixed Quarter, Steady Full-Year Outlook

Third-quarter sales fell as Distilling Solutions and Branded Spirits weakened.
Ingredient Solutions grew, while management reaffirmed its 2026 sales and adjusted EBITDA ranges.
The company completed its rebrand as Sempreon with the CASK ticker on November 2.

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MGP Ingredients reported a weaker third quarter on November 3, 2026, as lower brown goods volumes and weaker international private-label sales offset growth in Ingredient Solutions. Food Business Middle East & Africa reported that sales fell 10 percent to USD 117.9 million.

Gross profit declined 18 percent to USD 40.5 million, while gross margin narrowed to 34.3 percent. Operating income fell 43 percent to USD 12 million, and adjusted EBITDA decreased 33 percent to USD 21.5 million.

Segment Trends Remain Uneven

Branded Spirits sales fell 4 percent to USD 58.2 million, although Penelope Bourbon sales rose 12 percent and mid-priced brands increased 6 percent. Distilling Solutions revenue dropped 29 percent to USD 29 million as the business faced an oversupplied market.

Ingredient Solutions was the strongest segment, with sales rising 5 percent to USD 30.8 million. Growth came from specialty wheat proteins, textured proteins, biofuel and other byproducts, partly offset by lower specialty wheat starch volumes after extended plant downtime.

Management said quarterly operating cash flow reached USD 32 million and reaffirmed 2026 guidance for sales of USD 480 million to USD 500 million and adjusted EBITDA of USD 90 million to USD 98 million. The outlook leaves execution in the three operating segments as the central issue for investors.

Siempreon stock traded at 16.50 euros on Lang & Schwarz at 23:00 CET on Monday, November 9, 2026.

From MGP Ingredients To Sempreon

Sempreon, formerly MGP Ingredients, is a US-based producer of branded spirits, distilled spirits and food ingredients. Its Branded Spirits portfolio includes bourbon, tequila and other spirits, while Distilling Solutions provides production capabilities from distilling and aging to blending. Ingredient Solutions develops wheat proteins, starches, dietary fibers and textured proteins for food manufacturers. The company completed its name change to Sempreon and its Nasdaq ticker change to CASK on November 2, 2026.