MGPI
MGP Ingredients, Inc.25.65
+0.04+0.16%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
546.20MP/E (TTM)
-Basic EPS (TTM)
-0.63Dividend Yield
0.02%Recent Filings
8-K
10-Q
8-K
8-K
Q2 sales plunge 24%
MGP Ingredients reported Q2 2025 results with consolidated sales down 24% to $145.5 million, driven by 46% drop in Distilling Solutions from brown goods weakness, while Branded Spirits dipped 5% but premium plus grew 1% and Ingredient Solutions rose 5%. Gross profit fell 30% to $58.4 million, yet adjusted EBITDA landed at $35.9 million. Julie Francis steps in as new CEO, reaffirming 2025 guidance of $520-540 million sales and $105-115 million adjusted EBITDA. Elevated barrel inventories pressure volumes.
10-Q
Q2 FY2025 results
MGP Ingredients posted Q2 sales of $145.5M, down 24% y/y from $190.8M, driven by a 46% drop in Distilling Solutions brown goods amid elevated industry barrel inventories, while Branded Spirits dipped 5% on softer value and mid-tier volumes yet lifted premium plus by 1%. Gross profit fell 30% to $58.4M with margins contracting 3.5pp to 40.1%, but operating income held at $20.3M after slashing ad spend 41%; the $8.0M fair-value hit on Penelope contingent consideration weighed in. YTD, sales slid 26% to $267.1M, operating income plunged 73% to $19.6M, and diluted EPS landed at $0.53 versus $2.36, reconciling cleanly to 21.4M shares with no anti-dilution. Cash from operations surged to $56.4M on better receivables, funding $32.2M capex; free cash flow not disclosed in the 10-Q. Debt eased to $297.1M net with $416M revolver availability, but ongoing securities litigation poses a distraction.
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