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Mar 31, 2025
MGP Ingredients Q1 2025 Earnings Report
Reported first quarter 2025 results
Key Takeaways
MGP Ingredients reported a significant decrease in sales and net income for the first quarter of 2025 compared to the previous year, primarily due to lower demand for brown goods and specialty ingredients. However, the company saw positive progress in Branded Spirits, particularly with the Penelope brand, and reaffirmed its full-year 2025 financial outlook.
Consolidated sales for Q1 2025 decreased by 29% to $121.7 million.
The company reported a net loss of $3.1 million for the quarter, a 115% decrease from the prior year.
Adjusted basic EPS decreased by 66% to $0.36 per share.
MGP Ingredients reaffirmed its full-year 2025 financial guidance, projecting sales between $520 million and $540 million and adjusted basic EPS between $2.45 and $2.75.
Revenue by Segment
Forward Guidance
MGP Ingredients reaffirmed its consolidated financial guidance for fiscal year 2025.
Positive Outlook
- Projected sales are in the range of $520 million to $540 million.
- Adjusted EBITDA is expected to be between $105 million and $115 million.
- Adjusted basic EPS is expected to be in the $2.45 to $2.75 range.
- Weighted average basic shares outstanding are projected at approximately 21.3 million.
- An effective tax rate of approximately 25% is expected.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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