Quarterly report [Sections 13 or 15(d)]

Segments (Tables)

v3.26.1
Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segments [Abstract]  
Schedule of Set Forth Certain Financial Data for the Company’s Operating Segments

The following tables set forth certain financial data for the Company’s operating segments (in thousands):

 

    Three Months Ended
March 31,		  
Net Sales   2026     2025  
Pekin Campus production:            
Alcohol sales   $ 107,952     $ 107,234  
Essential ingredient sales     43,993       44,618  
Intersegment sales     262       297  
Total Pekin Campus sales     152,207       152,149  
Marketing and distribution:
               
Alcohol sales     47,326       49,058  
Intersegment sales     2,450       2,506  
Total marketing and distribution sales     49,776       51,564  
Western production:
               
Alcohol sales     16,680       16,194  
Essential ingredient sales     7,280       7,808  
Intersegment sales     399       264  
Total Western production sales     24,359       24,266  
                 
Corporate and other     1,449       1,628  
Intersegment eliminations     (3,111 )     (3,067 )
Net sales as reported   $ 224,680     $ 226,540  
                 

Cost of goods sold:            
Pekin Campus production   $ 144,021     $ 155,222  
Marketing and distribution     46,037       47,650  
Western production     25,502       25,524  
Corporate and other     1,036       1,681  
Intersegment eliminations     (1,135 )     (1,730 )
Cost of goods sold as reported   $ 215,461     $ 228,347  
                 
Gross profit (loss):                
Pekin Campus production   $ 8,186     $ (3,073 )
Marketing and distribution     3,739       3,914  
Western production     (1,143 )     (1,258 )
Corporate and other     413       (53 )
Intersegment eliminations     (1,976 )     (1,337 )
Gross profit (loss) as reported   $ 9,219     $ (1,807 )
             
Income (loss) before provision for income taxes:            
Pekin Campus production   $ 6,358     $ (7,364 )
Marketing and distribution     1,426       1,563  
Western production     (1,756 )     (3,905 )
Corporate and other     (1,757 )     (1,973 )
    $ 4,271     $ (11,679 )
                 
Depreciation and amortization expense:                
Pekin Campus production   $ 5,502     $ 5,456  
Western production     736       640  
Corporate and other     128       170  
    $ 6,366     $ 6,266  
               
Interest expense, net of capitalized interest:                
Pekin Campus production   $ 638     $ 610  
Marketing and distribution     86       83  
Western production     750       1,359  
Corporate and other     724       677  
    $ 2,198     $ 2,729  
Schedule of Total Assets by Operating Segment

The following table sets forth the Company’s total assets by operating segment (in thousands): 

 

    March 31,
2026		     December 31, 2025  
Total assets:            
Pekin Campus production   $ 214,883     $ 208,947  
Marketing and distribution     104,407       103,911  
Western production     44,033       43,131  
Corporate and other     22,970       32,797  
    $ 386,293     $ 388,786