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Dec 31, 2021
MGP Ingredients Q4 2021 Earnings Report
Reported record fourth quarter and full year results, driven by sales growth in each reporting segment and synergistic effects of the Luxco acquisition.
Key Takeaways
MGP Ingredients reported a strong Q4 2021, with sales increasing by 65.3% to $166.8 million. Gross profit increased by 66.3% to $52.8 million, and operating income increased by 191.6% to $45.3 million. Fully diluted EPS increased to $1.40 per share from $0.69 per share.
Sales increased 65.3% to $166.8 million, driven by sales growth in each reporting segment.
Gross profit increased 66.3% to $52.8 million, representing 31.6% of consolidated sales.
Operating income increased 191.6% to $45.3 million; adjusted operating income increased 70.5% to $29.0 million.
Fully diluted earnings per share increased to $1.40 per share from $0.69 per share; fully diluted adjusted EPS increased to $0.87 per share from $0.75 per share.
Revenue by Segment
Forward Guidance
MGP is offering the following increased consolidated guidance for fiscal 2022:
Positive Outlook
- Sales are projected to be in the range of $690 million to $715 million.
- Adjusted EBITDA is expected to be in the range of $150 million to $157 million.
- Basic adjusted earnings per share are forecasted to be in the $4.15 to $4.35 range, with basic weighted average shares outstanding expected to be approximately 22.0 million at year end.
- Fully diluted adjusted earnings per share are forecasted to be in the $3.95 to $4.10 range, with fully diluted weighted average shares outstanding expected to be approximately 24.1 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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