MGPI Q2 2023 Earnings — MGP Ingredients, Inc. Revenue & Financial Results | Market Cap Arena

MGPIMGP Ingredients, Inc.

$391M

Q2 2023 Earnings

Consumer Defensive Beverages - Wineries & Distilleries

Income Statement

Revenue

$209M+7.2% YoY

Gross Profit

$76M36.5% margin

Operating Income

$44M21.1% margin

Net Income

$32M15.4% margin

EPS (Diluted)

$1.44

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$1M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$588M

Stockholders' Equity

$808M

Cash & Equivalents

$22M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$209M	$195M	+7.2%
Gross Profit	$76M	$59M	+28.8%
Operating Income	$44M	$35M	+25.0%
Net Income	$32M	$26M	+25.7%

Revenue Segments

Distilling Solutions

$117M56%

Branded Spirits

$58M28%

Ingredient Solutions

$35M17%