Loading...
•
Dec 31, 2020
MGP Ingredients Q4 2020 Earnings Report
Reported strong fourth quarter and full year results, with sales and gross profit increasing due to growth in premium beverage alcohol and ingredient solutions.
Key Takeaways
MGP Ingredients reported a 9.1% increase in consolidated sales to $100.9 million and a 47.2% increase in consolidated gross profit to $31.7 million in Q4 2020. However, consolidated operating income decreased by 4.4% to $15.5 million, and EPS decreased to $0.69 per share.
Consolidated sales increased 9.1% to $100.9 million due to double-digit growth in premium beverage alcohol and the Ingredient Solutions segment.
Consolidated gross profit increased 47.2% to a record $31.7 million, representing 31.4% of consolidated sales.
Consolidated operating income decreased 4.4% to $15.5 million due to higher personnel and acquisition-related expenses.
Earnings per share (EPS) decreased to $0.69 per share from $0.76 per share.
Revenue by Segment
Forward Guidance
MGP Ingredients anticipates continued uncertainty related to the pandemic throughout the year and is not providing 2021 annual guidance at this time.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...