MGPI Q2 2024 Earnings — MGP Ingredients, Inc. Revenue & Financial Results | Market Cap Arena

MGPIMGP Ingredients, Inc.

$391M

Q2 2024 Earnings

Consumer Defensive Beverages - Wineries & Distilleries

Income Statement

Revenue

$191M-8.7% YoY

Gross Profit

$83M43.6% margin

Operating Income

$43M22.7% margin

Net Income

$32M16.8% margin

EPS (Diluted)

$1.43

QoQ Revenue Growth

+11.9%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

-$1M

Stock-Based Comp.

$865,000

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$541M

Stockholders' Equity

$894M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$191M	$209M	-8.7%
Gross Profit	$83M	$76M	+9.1%
Operating Income	$43M	$44M	-1.7%
Net Income	$32M	$32M	-0.1%

Revenue Segments

Distilling Solutions

$93M49%

Branded Spirits

$64M34%

Ingredient Solutions

$33M17%