MGP Ingredients, Inc. (MGPI)

MGP Ingredients Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	654.72	703.63	836.52	782.36	626.72	395.52
Revenue Growth (YoY)	-18.78%	-15.89%	6.92%	24.83%	58.45%	9.04%
Cost of Revenue	387.86	417.31	531.81	529.05	448.81	300.5
Gross Profit	266.85	286.32	304.71	253.31	177.91	95.03
Selling, General & Admin	121.5	121.78	127.55	104.34	80	44.57
Operating Expenses	121.5	121.78	127.55	104.34	80	44.57
Operating Income	145.35	164.53	177.16	148.97	97.91	50.46
Interest Expense	-8.27	-8.44	-6.65	-5.45	-4.04	-2.27
Earnings From Equity Investments	2.38	1.83	-0.34	-2.22	-	-
Other Non Operating Income (Expenses)	0.34	0.63	0.12	-1.12	-1.23	0.63
EBT Excluding Unusual Items	139.8	158.55	170.3	140.17	92.64	48.82
Merger & Restructuring Charges	-0.25	-0.25	-21.45	-	-11.46	-
Impairment of Goodwill	-73.76	-73.76	-	-	-	-
Other Unusual Items	-26.7	-16.1	-7.1	-	-	-
Pretax Income	39.21	68.44	141.75	140.17	121.1	52.6
Income Tax Expense	28.39	33.98	34.62	31.3	30.28	12.26
Earnings From Continuing Operations	10.82	34.47	107.13	108.87	90.82	40.35
Minority Interest in Earnings	0.18	0.2	0.35	0.59	0.49	-
Net Income	11	34.66	107.48	109.46	91.31	40.35
Preferred Dividends & Other Adjustments	0.1	0.37	1.07	0.87	0.71	0.26
Net Income to Common	10.9	34.29	106.4	108.59	90.6	40.08
Net Income Growth	-88.66%	-67.75%	-1.81%	19.88%	126.32%	4.00%
Shares Outstanding (Basic)	22	22	22	22	21	17
Shares Outstanding (Diluted)	22	22	22	22	21	17
Shares Change (YoY)	-1.69%	-0.71%	0.54%	6.44%	22.33%	-0.44%
EPS (Basic)	0.50	1.56	4.82	4.94	4.37	2.37
EPS (Diluted)	0.50	1.56	4.80	4.92	4.37	2.37
EPS Growth	-88.47%	-67.55%	-2.44%	12.59%	84.65%	4.47%
Free Cash Flow	58.26	31.1	28.52	43.61	40.87	33.55
Free Cash Flow Per Share	2.67	1.41	1.29	1.98	1.97	1.98
Dividend Per Share	0.480	0.480	0.480	0.480	0.480	0.480
Dividend Growth	-	-	-	-	-	20.00%
Gross Margin	40.76%	40.69%	36.43%	32.38%	28.39%	24.03%
Operating Margin	22.20%	23.38%	21.18%	19.04%	15.62%	12.76%
Profit Margin	1.67%	4.87%	12.72%	13.88%	14.46%	10.13%
Free Cash Flow Margin	8.90%	4.42%	3.41%	5.58%	6.52%	8.48%
EBITDA	167.86	186.52	199.28	170.42	117	63.42
EBITDA Margin	25.64%	26.51%	23.82%	21.78%	18.67%	16.04%
D&A For EBITDA	22.51	21.99	22.11	21.46	19.09	12.96
EBIT	145.35	164.53	177.16	148.97	97.91	50.46
EBIT Margin	22.20%	23.38%	21.18%	19.04%	15.62%	12.76%
Effective Tax Rate	72.39%	49.64%	24.42%	22.33%	25.00%	23.30%
Advertising Expenses	-	40.51	38.21	29.71	16.1	2.71

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q