MGPI Q1 2024 Earnings — MGP Ingredients, Inc. Revenue & Financial Results | Market Cap Arena

MGPIMGP Ingredients, Inc.

$391M

Q1 2024 Earnings

Consumer Defensive Beverages - Wineries & Distilleries

Income Statement

Revenue

$171M-15.1% YoY

Gross Profit

$63M36.8% margin

Operating Income

$29M17.0% margin

Net Income

$21M12.1% margin

EPS (Diluted)

$0.92

QoQ Revenue Growth

-20.6%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

-$2M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$525M

Stockholders' Equity

$867M

Cash & Equivalents

$19M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$171M	$201M	-15.1%
Gross Profit	$63M	$70M	-10.1%
Operating Income	$29M	$42M	-30.4%
Net Income	$21M	$31M	-33.6%

Revenue Segments

Distilling Solutions

$85M50%

Branded Spirits

$50M29%

Ingredient Solutions

$36M21%