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Dec 31, 2023
MGP Ingredients Q4 2023 Earnings Report
Reported strong results driven by growth across all business segments and strategic execution.
Key Takeaways
MGP Ingredients reported a strong fourth quarter and full year 2023, with sales increasing by 13% to $214.9 million and gross profit increasing by 35% to $85.1 million in the fourth quarter. The company's performance reflects continued strength in each of its business segments and the successful execution of its long-term strategy.
Sales increased 13% to $214.9 million.
Gross profit increased 35% to $85.1 million, representing 39.6% of sales.
Operating income increased 45% to $43.1 million.
Basic earnings per share increased to $1.39 per share from $1.02 per share.
Revenue by Segment
Forward Guidance
MGP is offering the following consolidated guidance for fiscal 2024: Sales are projected to be in the range of $742 million to $756 million, Adjusted EBITDA is expected to be in the range of $213 million to $217 million, Adjusted basic earnings per common share are forecasted to be in the $6.12 to $6.23 range.
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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