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Complete financial analysis of MGP Ingredients, Inc. (MGPI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MGP Ingredients, Inc., a leading company in the Beverages – Wineries & Distilleries industry within the Consumer Defensive sector.
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MGP Ingredients, Inc. (MGPI)
Industry: Beverages - Wineries & Distilleries
Sector: Consumer Defensive
Website: https://www.mgpingredients.com
About MGP Ingredients, Inc.
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 836.52M | 782.36M | 626.72M | 395.52M | 362.75M | 376.09M | 347.45M | 318.26M | 327.60M | 313.40M | 323.26M | 334.34M | 247.92M | 201.97M | 275.98M | 392.89M | 367.99M | 322.48M | 275.18M | 270.67M | 192.37M | 214.53M | 229.24M | 231.88M | 216.10M | 223.30M | 224.70M | 194.60M | 180.30M | 186.00M | 163.40M | 227.00M | 194.10M | 184.00M | 191.80M | 124.90M |
| Cost of Revenue | 531.81M | 529.05M | 427.76M | 296.72M | 286.21M | 292.49M | 271.43M | 252.98M | 269.07M | 284.97M | 302.03M | 309.31M | 225.04M | 171.43M | 310.08M | 388.66M | 321.94M | 277.26M | 249.94M | 245.77M | 202.11M | 193.33M | 212.06M | 197.46M | 187.00M | 200.60M | 199.70M | 176.30M | 150.40M | 141.10M | 124.40M | 185.50M | 158.70M | 154.20M | 156.70M | 93.50M |
| Gross Profit | 304.71M | 253.31M | 198.97M | 98.81M | 76.53M | 83.60M | 76.02M | 65.28M | 58.53M | 28.43M | 21.24M | 25.02M | 22.88M | 30.54M | -34.10M | 4.23M | 46.05M | 45.21M | 25.24M | 24.91M | -9.74M | 21.20M | 17.18M | 34.42M | 29.10M | 22.70M | 25.00M | 18.30M | 29.90M | 44.90M | 39.00M | 41.50M | 35.40M | 29.80M | 35.10M | 31.40M |
| Gross Profit Ratio | 36.43% | 32.38% | 31.75% | 24.98% | 21.10% | 22.23% | 21.88% | 20.51% | 17.87% | 9.07% | 6.57% | 7.48% | 9.23% | 15.12% | -12.36% | 1.08% | 12.51% | 14.02% | 9.17% | 9.20% | -5.06% | 9.88% | 7.50% | 14.84% | 13.47% | 10.17% | 11.13% | 9.40% | 16.58% | 24.14% | 23.87% | 18.28% | 18.24% | 16.20% | 18.30% | 25.14% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 916.00K | 748.00K | 1.62M | 2.47M | 2.34M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 91.40M | 74.63M | 72.83M | 41.85M | 26.46M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 38.21M | 29.71M | 16.10M | 2.71M | 2.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 129.61M | 104.34M | 88.93M | 44.57M | 29.29M | 33.45M | 33.11M | 26.69M | 25.68M | 20.10M | 26.20M | 26.54M | 21.16M | 20.71M | 21.40M | 24.24M | 20.32M | 23.81M | 19.32M | 20.34M | 13.62M | 14.69M | 13.55M | 12.11M | 11.90M | 11.40M | 9.20M | 9.00M | 10.60M | 12.20M | 10.70M | 14.20M | 11.90M | 10.30M | 10.00M | 9.60M |
| Other Expenses | 26.49M | -3.34M | -1.23M | 627.00K | 0.00 | 0.00 | 0.00 | 3.39M | 0.00 | -1.00K | -236.00K | 2.00K | 826.00K | 2.58M | 4.69M | 9.65M | -1.43M | -968.00K | -707.00K | -10.72M | -17.40M | -4.87M | 0.00 | 13.52M | 13.60M | 13.90M | 14.00M | 13.90M | 8.70M | 7.20M | 6.20M | 7.20M | 6.50M | 6.70M | 6.10M | 5.40M |
| Operating Expenses | 156.10M | 104.34M | 88.93M | 44.57M | 29.29M | 33.45M | 33.11M | 23.31M | 25.68M | 20.10M | 26.44M | 25.97M | 21.98M | 23.29M | 26.10M | 33.88M | 18.89M | 22.84M | 18.61M | 9.62M | -3.79M | 9.82M | 13.55M | 25.62M | 25.50M | 25.30M | 23.20M | 22.90M | 19.30M | 19.40M | 16.90M | 21.40M | 18.40M | 17.00M | 16.10M | 15.00M |
| Cost & Expenses | 687.91M | 633.39M | 516.68M | 341.28M | 315.50M | 325.94M | 304.54M | 276.29M | 294.75M | 305.07M | 328.46M | 335.28M | 247.02M | 194.72M | 336.17M | 422.54M | 340.83M | 300.11M | 268.55M | 255.39M | 198.33M | 203.15M | 225.60M | 223.09M | 212.50M | 225.90M | 222.90M | 199.20M | 169.70M | 160.50M | 141.30M | 206.90M | 177.10M | 171.20M | 172.80M | 108.50M |
| Interest Income | 0.00 | 5.45M | 4.04M | 2.27M | 1.31M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 6.65M | 5.45M | 4.04M | 1.64M | 1.31M | 1.17M | 1.18M | 1.29M | 534.00K | 816.00K | 1.12M | 870.00K | 358.00K | 1.76M | 2.90M | 1.49M | 964.00K | 1.48M | 1.39M | 1.09M | 1.09M | 1.24M | 1.35M | 1.35M | 1.10M | 400.00K | 2.60M | 2.60M | 600.00K | 100.00K | 100.00K | 100.00K | 100.00K | 500.00K | 500.00K | 1.40M |
| Depreciation & Amortization | 22.11M | 21.46M | 19.09M | 12.96M | 11.57M | 11.36M | 11.31M | 11.25M | 12.38M | 12.33M | 12.01M | 11.57M | 8.84M | 8.63M | 11.95M | 15.17M | 14.47M | 12.66M | 16.01M | 15.20M | 14.35M | 14.31M | 13.63M | 13.52M | 13.60M | 13.90M | 14.00M | 13.90M | 8.70M | 7.20M | 6.20M | 7.20M | 6.50M | 6.70M | 6.10M | 5.40M |
| EBITDA | 170.51M | 167.08M | 117.00M | 67.20M | 58.81M | 61.51M | 54.22M | 49.84M | 45.23M | 19.77M | 6.61M | 14.38M | 13.08M | 13.71M | 14.36M | -67.06M | -10.18M | 41.63M | 35.03M | 22.64M | 30.49M | 8.40M | 25.69M | 17.27M | 22.31M | 17.20M | 11.30M | 15.80M | 9.30M | 19.30M | 32.70M | 28.30M | 27.30M | 23.50M | 19.50M | 25.10M |
| EBITDA Ratio | 20.38% | 21.36% | 18.00% | 16.99% | 16.21% | 16.36% | 9.07% | 13.19% | 10.03% | 9.82% | 2.04% | 3.09% | 3.31% | 6.79% | -17.53% | -3.15% | 10.52% | 10.52% | 7.65% | 6.77% | -12.84% | 9.60% | 6.61% | 9.29% | 7.77% | 4.75% | 6.59% | 4.01% | 13.03% | 17.47% | 16.71% | 11.50% | 11.85% | 10.27% | 12.25% | 16.81% |
| Operating Income | 148.61M | 148.97M | 93.71M | 54.24M | 47.24M | 50.15M | 42.91M | 41.98M | 32.85M | 16.62M | -5.20M | -944.00K | 645.00K | 7.26M | -79.01M | -29.65M | 27.16M | 22.37M | 6.63M | 15.29M | -5.95M | 11.38M | 3.64M | 8.79M | 3.60M | -2.60M | 1.80M | -4.60M | 10.60M | 25.50M | 22.10M | 20.10M | 17.00M | 12.80M | 19.00M | 16.40M |
| Operating Income Ratio | 17.77% | 19.04% | 14.95% | 13.71% | 13.02% | 13.33% | 12.35% | 13.19% | 10.03% | 5.30% | -1.61% | -0.28% | 0.26% | 3.59% | -28.63% | -7.55% | 7.38% | 6.94% | 2.41% | 5.65% | -3.10% | 5.30% | 1.59% | 3.79% | 1.67% | -1.16% | 0.80% | -2.36% | 5.88% | 13.71% | 13.53% | 8.85% | 8.76% | 6.96% | 9.91% | 13.13% |
| Total Other Income/Expenses | -6.87M | -8.79M | -5.27M | -1.64M | -1.31M | -1.17M | 9.85M | 2.74M | 5.57M | 9.32M | -1.32M | 2.89M | 1.47M | -1.89M | -3.29M | -2.90M | 6.06M | 5.32M | -1.35M | 362.00K | 362.00K | 14.48M | -1.01M | -4.40M | 4.48M | 4.70M | -1.10M | 4.80M | -1.00M | -5.00M | 3.50M | 1.20M | 4.30M | 4.60M | -5.90M | 4.10M |
| Income Before Tax | 141.75M | 140.17M | 121.10M | 52.60M | 45.94M | 48.98M | 52.76M | 44.72M | 38.42M | 25.94M | -6.52M | 1.94M | -1.25M | 3.97M | -81.91M | -23.59M | 27.69M | 21.03M | 6.13M | 15.65M | 8.52M | 10.37M | 4.40M | 8.08M | 2.10M | -3.70M | 200.00K | -5.60M | 5.60M | 25.60M | 22.90M | 21.30M | 17.40M | 13.10M | 20.50M | 15.90M |
| Income Before Tax Ratio | 16.94% | 17.92% | 19.32% | 13.30% | 12.66% | 13.02% | 15.18% | 14.05% | 11.73% | 8.28% | -2.02% | 0.58% | -0.50% | 1.97% | -29.68% | -6.00% | 7.52% | 6.52% | 2.23% | 5.78% | 4.43% | 4.83% | 1.92% | 3.49% | 0.97% | -1.66% | 0.09% | -2.88% | 3.11% | 13.76% | 14.01% | 9.38% | 8.96% | 7.12% | 10.69% | 12.73% |
| Income Tax Expense | 34.62M | 31.30M | 30.28M | 12.26M | 7.14M | 11.70M | 10.94M | 13.53M | 12.23M | 2.27M | -714.00K | 318.00K | 68.00K | -4.77M | -12.79M | -11.85M | 9.99M | 7.03M | 2.12M | 6.18M | 3.37M | 4.11M | 1.74M | 3.19M | 800.00K | -1.50M | 100.00K | -2.20M | 2.30M | 9.70M | 8.30M | 7.80M | 6.30M | 4.70M | 7.40M | 5.80M |
| Net Income | 107.48M | 109.46M | 91.31M | 40.35M | 38.79M | 37.28M | 41.82M | 31.18M | 26.19M | 23.68M | -4.93M | 1.62M | -1.31M | 8.74M | -69.12M | -11.74M | 17.70M | 14.00M | 4.00M | 9.47M | 5.15M | 6.26M | 2.66M | 4.89M | 1.30M | -2.20M | 100.00K | -3.40M | 3.30M | 15.90M | 16.20M | 13.50M | 11.10M | 8.40M | 13.10M | 10.10M |
| Net Income Ratio | 12.85% | 13.99% | 14.57% | 10.20% | 10.69% | 9.91% | 12.04% | 9.80% | 7.99% | 7.55% | -1.52% | 0.49% | -0.53% | 4.33% | -25.05% | -2.99% | 4.81% | 4.34% | 1.46% | 3.50% | 2.68% | 2.92% | 1.16% | 2.11% | 0.60% | -0.99% | 0.04% | -1.75% | 1.83% | 8.55% | 9.91% | 5.95% | 5.72% | 4.57% | 6.83% | 8.09% |
| EPS | 4.82 | 4.94 | 4.37 | 2.37 | 2.27 | 2.21 | 2.44 | 1.82 | 1.48 | 1.32 | -0.29 | 0.09 | -0.08 | 0.52 | -4.17 | -0.71 | 1.08 | 0.87 | 0.25 | 0.61 | 0.33 | 0.38 | 0.16 | 0.27 | 0.07 | -0.11 | 0.01 | -0.18 | 0.17 | 0.81 | 0.83 | 0.69 | 0.57 | 0.42 | 0.69 | 0.58 |
| EPS Diluted | 4.80 | 4.92 | 4.32 | 2.37 | 2.27 | 2.21 | 2.44 | 1.82 | 1.48 | 1.32 | -0.29 | 0.09 | -0.08 | 0.51 | -4.17 | -0.70 | 1.05 | 0.83 | 0.24 | 0.59 | 0.33 | 0.38 | 0.16 | 0.24 | 0.07 | -0.11 | 0.00 | -0.18 | 0.17 | 0.81 | 0.83 | 0.69 | 0.57 | 0.42 | 0.69 | 0.58 |
| Weighted Avg Shares Out | 22.06M | 22.00M | 20.72M | 16.94M | 17.01M | 16.87M | 16.75M | 16.64M | 17.12M | 17.31M | 17.07M | 16.95M | 16.73M | 16.66M | 16.59M | 16.54M | 16.39M | 16.11M | 15.98M | 15.52M | 15.62M | 16.26M | 16.63M | 18.11M | 20.00M | 19.13M | 20.00M | 19.43M | 19.41M | 19.63M | 19.52M | 19.57M | 19.47M | 19.76M | 18.85M | 17.57M |
| Weighted Avg Shares Out (Dil) | 22.17M | 22.05M | 20.98M | 16.94M | 17.01M | 16.87M | 16.75M | 16.64M | 17.12M | 17.31M | 17.07M | 16.95M | 16.73M | 17.08M | 16.59M | 16.77M | 16.86M | 16.86M | 16.36M | 16.05M | 15.62M | 16.30M | 16.63M | 20.00M | 20.00M | 20.00M | 22.50M | 19.43M | 19.63M | 19.63M | 19.52M | 19.57M | 19.47M | 19.76M | 18.85M | 17.57M |
MGP Ingredients, Inc. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - MGPI
NEW YORK, NY / ACCESSWIRE / October 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MGP Ingredients, Inc. ("MGP Ingredients, Inc.") (NASDAQ:MGPI) concerning possible violations of federal securities laws. MGP Ingredients announced on...
MGP Ingredients, Inc. Investors: Company Investigated by the Portnoy Law Firm
Investors can contact the law firm at no cost to learn more about recovering their losses
Kirby McInerney LLP Announces Investigation of Shareholder Claims Against MGP Ingredients, Inc. (MGPI)
NEW YORK--(BUSINESS WIRE)---- $MGPI #CLASSACTIONLAWSUIT--The law firm of Kirby McInerney LLP is investigating potential claims against MGP Ingredients, Inc. (“MGP” or the “Company”) (NASDAQ: MGPI). The investigation concerns whether MGP and/or certain of its officers have violated the federal securities...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MGP Ingredients, Inc. - MGPI
NEW YORK, NY / ACCESSWIRE / October 21, 2024 / Pomerantz LLP is investigating claims on behalf of investors of MGP Ingredients, Inc. ("MGP" or the "Company") (NASDAQ:MGPI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980,...
MGP Ingredients Trims FY24 View as Preliminary Results Hint Soft Sales
MGPI issues soft preliminary results for the third quarter due to a decline in the alcohol spirits category and high industry-wide whiskey inventories.
SHAREHOLDER ALERT: Investigation of MGP Ingredients, Inc. (MGPI) Announced by Holzer & Holzer, LLC
ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether MGP Ingredients, Inc. (“MGP Ingredients” or the “Company”) (NASDAQ: MGPI) complied with federal securities laws. On October 17, 2024, MGP Ingredients announced revised full year 2024 guidance...
After Plunging -26.22% in 4 Weeks, Here's Why the Trend Might Reverse for MGP (MGPI)
The heavy selling pressure might have exhausted for MGP (MGPI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is...
MGP Ingredients: Getting Caught In Weak Spirit Demand In Q3
MGP Ingredients reported a preliminary -24% sales decline in Q3, showing weakness due to manufacturers' excess inventories, coupled with weaker-than-expected spirit drink consumption. The 2024 guidance was revised downwards, with sales now expected at $695-705 million and adjusted EPS at...
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of MGP Ingredients, Inc. (MGPI) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of MGP Ingredients, Inc. (“MGP” or the “Company”) (NASDAQ: MGPI) investors concerning the Company's possible...
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of MGP Ingredients, Inc. (MGPI) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of MGP Ingredients, Inc. (“MGP” or the “Company”) (NASDAQ: MGPI) investors concerning the Company's possible violations of federal securities laws. On October 17, 2024, MGP announced that,...
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