MGP Ingredients, Inc.
24.19-0.50 (-2.03%)
Oct 30, 4:00:01 PM EDT · NasdaqGS · MGPI · USD
Key Stats
Market Cap
515.11MP/E (TTM)
-Basic EPS (TTM)
-0.63Dividend Yield
0%Recent Filings
8-K
10-Q
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. 
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. 
8-K
MGP names new CEO Julie Francis
MGP Ingredients appointed Julie Francis as President and Chief Executive Officer on July 21, 2025, ending Brandon Gall's interim role while he stays on as CFO. Francis, with over 30 years in food and beverage including stints at Schwan's and Constellation Brands, steps in with a $900,000 base salary, $2.3 million in 2025 equity awards, and a $1.5 million sign-on stock option. The board eyes her board seat in 2026, provided she exits cannabis ties. MGP reaffirmed its full-year 2025 financial outlook amid this leadership shift. 
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