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MGP Ingredients (MGPI)
NASDAQ:MGPI
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
1.07Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 0.46%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Negative
The earnings call reflects a challenging period for MGP Ingredients, with significant declines in the brown goods and distilling solutions segments overshadowing progress in premium plus brands and ingredient solutions. Despite a record year for cash flow and efforts to reduce costs, the overall outlook remains cautious due to industry-wide issues.Company Guidance
During the MGP Ingredients fourth quarter 2024 conference call, the company provided guidance for 2025, addressing ongoing challenges in its distilling solutions segment due to elevated industry-wide barrel whiskey inventories. MGP expects net sales between $520 million and $540 million, with adjusted EBITDA ranging from $105 million to $115 million. Adjusted basic earnings per share are projected to be between $2.45 and $2.75. The company anticipates a 50% decline in distilling solutions segment sales and a 65% decline in segment gross profit. Meanwhile, branded spirits segment sales are expected to remain flat, with a gross margin in the high 40s, while Ingredion Solutions is projected to return to positive sales growth with improving gross margins. MGP plans to reduce capital expenditures to approximately $36 million, down from $73 million in 2024, and expects a net whiskey put away of $15 million to $20 million, primarily for its own brands.Growth in Premium Plus Brands
Continued momentum in premium plus brands like Penelope and El Mayor, with strong double-digit sales growth in 2024.
Ingredient Solutions Segment Recovery
The ingredient solutions segment shows signs of recovery with a 4% increase in sales, driven by specialty starches and proteins.
Record Year for Cash Flow
Full-year cash flow from operations increased by 22% to $102.3 million, marking a record year for the company.
Cost Reduction Initiatives
The company has implemented cost-saving measures, including a double-digit percentage reduction in corporate headcount.
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MGPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MGPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $32.59 | $32.22 | -1.14% |
| Oct 31, 2024 | $56.18 | $47.92 | -14.70% |
| Aug 01, 2024 | $81.24 | $85.77 | +5.58% |
| May 02, 2024 | $77.84 | $81.83 | +5.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MGP Ingredients (MGPI) report earnings?
MGP Ingredients (MGPI) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is MGP Ingredients (MGPI) earnings time?
MGP Ingredients (MGPI) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGPI EPS forecast?
MGPI EPS forecast for the fiscal quarter 2025 (Q1) is 0.42.
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