MGP Ingredients (NASDAQ: MGPI) saw its stock price soar 8.58% in pre-market trading on Wednesday following the release of its third-quarter 2025 financial results, which exceeded analyst expectations. The company also raised its full-year guidance and announced key executive appointments, further fueling investor optimism.

The distilled spirits maker reported Q3 sales of $130.9 million, beating the analyst consensus estimate of $128 million. While this represents a 19% decrease from the same period last year, it was better than anticipated, particularly in the face of expected declines in brown goods sales. Adjusted earnings per share came in at $0.85, significantly outperforming the analyst estimate of $0.60, though it marked a 34.11% decrease from the previous year.

Adding to the positive sentiment, MGP Ingredients raised its full-year outlook. The company now expects fiscal 2025 sales in the range of $525-535 million, adjusted EBITDA between $110-115 million, and adjusted EPS of $2.60-2.75. This upward revision in guidance signals management's confidence in the company's near-term prospects. Additionally, MGP announced the appointment of Matias Bentel as Chief Marketing Officer and Chris Wiseman as Senior Vice President of Operations, moves that investors seem to view favorably for the company's future growth strategy. The company also declared a quarterly dividend of $0.12 per share, maintaining its commitment to shareholder returns.