MGP Ingredients (MGPI) stock surged 8.04% in pre-market trading after the company reported better-than-expected second-quarter 2025 results and reaffirmed its full-year guidance. The spirits and specialty wheat proteins manufacturer demonstrated resilience despite challenging market conditions.

The company reported Q2 adjusted earnings per share of $0.97, significantly surpassing the analyst estimate of $0.66. Sales for the quarter reached $145.5 million, beating the consensus expectation of $139.47 million, despite a 24% year-over-year decline. MGP Ingredients also posted a quarterly net income of $14.4 million and an adjusted EBITDA of $35.9 million.

Despite facing headwinds in the brown goods segment due to elevated industry-wide barrel inventories, MGP Ingredients managed to meet expectations through proactive customer engagement. The company's premium-plus brand, Penelope, drove growth within the Branded Spirits segment. Furthermore, MGP Ingredients reaffirmed its full-year 2025 outlook, projecting sales between $520 million and $540 million, and adjusted EBITDA between $105 million and $115 million. The company also declared a quarterly dividend of $0.12 per share, payable on August 29, 2025, to stockholders of record as of August 15, 2025.