MGP Ingredients Reports First Quarter 2024 Results [Yahoo! Finance]
MGP Ingredients, Inc. (MGPI)
Last mgp ingredients, inc. earnings: 4/30 07:30 am
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ir.mgpingredients.com
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Source: Yahoo! Finance
ATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today reported results for the first quarter ended March 31, 2024. first quarter consolidated results compared to first quarter Due to the Atchison distillery closure, sales decreased 15% to $170.6 million. Excluding the impact of the Atchison distillery in both periods, consolidated sales were in line with the prior year period. As expected, gross profit decreased 10% to $62.8 million, representing 36.8% of sales. Excluding the impact of the Atchison distillery in the current period, gross margin was 37.3%. Operating income decreased 30% to $28.9 million. Adjusted operating income decreased 19% to $33.6 million. Net income decreased 34% to $20.6 million. Adjusted net income decreased 22% to $24.2 million. Adjusted EBITDA decreased 17% to $40.2 million. Basic earnings per common share (“EPS”) dec
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News
- MGP Ingredients, Inc. (NASDAQ:MGPI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MGP Names New Distilling Solutions Vice President [Yahoo! Finance]Yahoo! Finance
- MGP Names New Distilling Solutions Vice PresidentGlobeNewswire
- MGP Ingredients, Inc. (NASDAQ: MGPI) had its price target lowered by analysts at Roth Mkm from $95.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Why MGP Ingredients (MGPI) Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
MGPI
Earnings
- 5/2/24 - Beat
MGPI
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4/A
- 5/14/24 - Form 4
- MGPI's page on the SEC website