MGP Ingredients, Inc. (MGPI)

MGP Ingredients Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	737.72	836.52	782.36	626.72	395.52	362.75
Revenue Growth (YoY)	-9.22%	6.92%	24.83%	58.45%	9.04%	-3.55%
Cost of Revenue	440.73	531.81	529.05	448.81	300.5	286.21
Gross Profit	296.99	304.71	253.31	177.91	95.03	76.53
Selling, General & Admin	126.89	127.55	104.34	80	44.57	29.29
Operating Expenses	126.89	127.55	104.34	80	44.57	29.29
Operating Income	170.1	177.16	148.97	97.91	50.46	47.24
Interest Expense	-8.42	-6.65	-5.45	-4.04	-2.27	-1.31
Earnings From Equity Investments	1.3	-0.34	-2.22	-	-	-
Other Non Operating Income (Expenses)	0.39	0.12	-1.12	-1.23	0.63	-
EBT Excluding Unusual Items	163.37	170.3	140.17	92.64	48.82	45.94
Merger & Restructuring Charges	-3.22	-21.45	-	-11.46	-	-
Other Unusual Items	-18.8	-7.1	-	-	-	-
Pretax Income	141.22	141.75	140.17	121.1	52.6	45.94
Income Tax Expense	33.71	34.62	31.3	30.28	12.26	7.14
Earnings From Continuing Operations	107.51	107.13	108.87	90.82	40.35	38.79
Net Income to Company	107.51	107.13	108.87	90.82	40.35	38.79
Minority Interest in Earnings	0.18	0.35	0.59	0.49	-	-
Net Income	107.69	107.48	109.46	91.31	40.35	38.79
Preferred Dividends & Other Adjustments	1.14	1.07	0.87	0.71	0.26	0.25
Net Income to Common	106.55	106.4	108.59	90.6	40.08	38.54
Net Income Growth	8.71%	-1.82%	19.88%	126.32%	4.00%	4.05%
Shares Outstanding (Basic)	22	22	22	21	17	17
Shares Outstanding (Diluted)	22	22	22	21	17	17
Shares Change (YoY)	-0.49%	0.54%	6.44%	22.33%	-0.44%	0.87%
EPS (Basic)	4.82	4.82	4.94	4.37	2.37	2.27
EPS (Diluted)	4.82	4.80	4.92	4.37	2.37	2.27
EPS Growth	9.02%	-2.44%	12.59%	84.65%	4.47%	4.46%
Free Cash Flow	42.63	28.52	43.61	40.87	33.55	2.99
Free Cash Flow Per Share	1.93	1.29	1.98	1.97	1.98	0.18
Dividend Per Share	0.480	0.480	0.480	0.480	0.480	0.400
Dividend Growth	0%	0%	0%	0%	20.00%	25.00%
Gross Margin	40.26%	36.43%	32.38%	28.39%	24.03%	21.10%
Operating Margin	23.06%	21.18%	19.04%	15.62%	12.76%	13.02%
Profit Margin	14.44%	12.72%	13.88%	14.46%	10.13%	10.62%
Free Cash Flow Margin	5.78%	3.41%	5.57%	6.52%	8.48%	0.82%
EBITDA	192.23	199.28	170.42	117	63.42	58.81
EBITDA Margin	26.06%	23.82%	21.78%	18.67%	16.04%	16.21%
D&A For EBITDA	22.14	22.11	21.46	19.09	12.96	11.57
EBIT	170.1	177.16	148.97	97.91	50.46	47.24
EBIT Margin	23.06%	21.18%	19.04%	15.62%	12.76%	13.02%
Effective Tax Rate	23.87%	24.42%	22.33%	25.00%	23.30%	15.55%
Advertising Expenses	-	38.21	29.71	16.1	2.71	2.83

Source: S&P Capital IQ. Standard template. Financial Sources.