MGP Ingredients (MGPI) Q4 2025 Earnings Transcript

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Wednesday, Feb. 25, 2026 astatine 10 a.m. ET

• President and Chief Executive Officer — Julie Francis

• Vice President and Chief Financial Officer — Brandon M. Gall

Julie Francis: Thank you, Amit. Good morning, everyone. As we adjacent retired 2025, I privation to commencement with a wide message. We are doing what we said we would do. We made advancement connected each of the 5 initiatives, and we finished the twelvemonth supra the apical extremity of our guidance. The operating backdrop remains challenging for the spirits manufacture and we admit that 2026 is apt to beryllium different down twelvemonth for the manufacture and our company. That said, we are progressively optimistic astir MGP Ingredients, Inc.'s future. Our assurance is grounded successful 3 things: First, our quality to present sustained maturation disconnected of our 2026 guidance expectations, which has been accelerated by our proactive self-help action.

Second, our newfound strategical clarity prioritizing our close to win, which we judge volition besides presumption america for coagulated and sustainable growth. And third, our fiscal strength, which successful this situation is simply a competitory vantage of expanding magnitude. As I mentioned connected our past call, we undertook an exhaustive reappraisal of our businesses to make a wide strategical roadmap for the adjacent signifier of our growth. This was a well-defined process grounded successful an objective, data-driven assessment. We person since shifted from wide strategical discussions to a wide endeavor roadmap, including an organizational operation aligned to the strategical priorities of our business, to further heighten our close to win.

Strategy and operation are critical, but having the close endowment and processes to execute with subject is what we judge volition pb to our eventual occurrence and sustainable growth. To that end, we precocious announced organizational changes crossed our elder enactment teams. These were hard decisions, but aligned with our strategical roadmap and positioned the institution for semipermanent success. On our past call, I shared the hiring of our caller Chief Marketing Officer and Senior Vice President of Operations. Since then, we person besides added a Senior Vice President of Strategy and Insights. Each of these leaders brings to MGP Ingredients, Inc. way records of occurrence and planetary champion practices.

In the coming quarters, they volition beryllium astatine the extremity of the spear of gathering retired best-in-class processes that are designed to alteration disciplined execution and semipermanent success. Let maine present supply a little overview of our 4th fourth and full-year results earlier outlining cardinal elements of our strategical roadmap and the advancement we are making against our cardinal initiatives successful each business. Our 4th fourth and full-year 2025 results came successful up of our expectations arsenic the teams proceed to enactment with diligence and focus.