MGPI Q1 2023 Earnings — MGP Ingredients, Inc. Revenue & Financial Results | Market Cap Arena

MGPIMGP Ingredients, Inc.

$391M

Q1 2023 Earnings

Consumer Defensive Beverages - Wineries & Distilleries

Income Statement

Revenue

$201M+3.0% YoY

Gross Profit

$70M34.7% margin

Operating Income

$42M20.7% margin

Net Income

$31M15.5% margin

EPS (Diluted)

$1.39

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

-$11M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$408M

Stockholders' Equity

$777M

Cash & Equivalents

$32M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$201M	$195M	+3.0%
Gross Profit	$70M	$72M	-2.8%
Operating Income	$42M	$50M	-17.0%
Net Income	$31M	$37M	-17.0%

Revenue Segments

Distilling Solutions

$113M56%

Branded Spirits

$57M28%

Ingredient Solutions

$31M15%