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Sep 30, 2021
MGP Ingredients Q3 2021 Earnings Report
Reported record third quarter results driven by strong execution in each business segment.
Key Takeaways
MGP Ingredients reported record consolidated quarterly results with sales increasing by 71.5% to $176.6 million and EPS increasing to $1.08 per share. Strong growth was seen across all reporting segments, including Distillery Products, Branded Spirits, and Ingredient Solutions. The integration of Luxco remains on track and is improving gross profit and cash flow generation.
Consolidated sales increased 71.5% to $176.6 million.
Consolidated gross profit increased 146.5% to $57.1 million.
Operating income increased 140.9% to $32.9 million.
Earnings per share increased to $1.08 per share from $0.61 per share.
Revenue by Segment
Forward Guidance
MGP is offering increased consolidated guidance for fiscal 2021, including Luxco's financial results.
Positive Outlook
- Sales are projected to be in the range of $570 million to $615 million.
- Adjusted EBITDA is expected to be in the range of $125 million to $135 million.
- Adjusted earnings per share are forecasted to be in the $3.75 to $4.05 range.
- Weighted average shares outstanding expected to be approximately 20.7 million at year end.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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