When did MGP Ingredients report Q1 2024 earnings?

MGP Ingredients (MGPI) reported Q1 2024 earnings on May 2, 2024 before market open.

What were MGP Ingredients's Q1 2024 revenue and EPS?

MGP Ingredients reported revenue of $170.6M and eps of $1.07 for Q1 2024.

Did MGP Ingredients beat estimates in Q1 2024?

Revenue missed the consensus estimate of $173.2M by $2.7M. EPS beat the consensus estimate of $0.98 by $0.09.

Where can I find MGP Ingredients's Q1 2024 SEC filings?

You can read the 10-Q periodic report (0001628280-24-019790) directly on SEC EDGAR. The filing index links above go to sec.gov.

MGP Ingredients MGPI Q1 2024 earnings

Reported May 2, 2024 · Before market open

Revenue$170.6MMiss by $2.7M

EPS$1.07Beat by $0.09

Revenue estimate$173.2M

EPS estimate$0.98

Next report

Date not yet announced

Financials

Q1 2024

Income statement

See full

Revenue$170.6M-15.1%

Gross profit$62.8M-10.1%

Operating income$28.9M-30.4%

Net income$20.6M-33.6%

EPS (diluted)$0.92-33.8%

Balance sheet

See full

Cash & equivalents$19.5M-38.5%

Total debt$316.5M+28.0%

Total equity$867.0M+11.6%

Total assets$1.4B+17.4%

Cash flow

See full

Operating cash flow$24.6M+390%

CapEx$27.0M+66.4%

Free cash flow-$2.4M+78.6%

Valuation & ratios

Valuation

as of 03/31/24

See full

Market cap$1.91B-10.6%

Enterprise value$2.2B-6.2%

P/E19.7×-1.1×

P/S2.4×-0.3×

Profitability

See full

Gross margin36.9%+5.0pp

Operating margin16.9%-1.0pp

Net margin12%-1.0pp

FCF margin4.6%+2.0pp

Returns & leverage

See full

Return on equity11.8%-2.3pp

Debt / equity0.4×0.0×

Current ratio6.3×+1.7×

Segments

By product

See full

Brown goods$66.3M-2.9%

Specialty wheat starches$22.3M+51.6%

Premium plus$20.9M+11.5%

Mid$14.8M-29.2%

White goods and other co-products$10.6M-72.2%

By segment

See full

Distilling Solutions$84.9M-25.1%

Branded Spirits$50.1M-11.8%

Ingredient Solutions$35.6M+15.1%

By geography

See full

Foreign sources$9.1M-27.3%

Versus estimates

Revenue

Q2 2026$124.4MMiss by $804.4K Q1 2026$106.4MBeat by $1.1M Q4 2025$138.3MBeat by $5.5M Q3 2025$130.9MMiss by $1.9M Q2 2025$145.5MBeat by $13.9M Q1 2025$121.7MMiss by $15.4M

Diluted EPS

Q2 2026$0.55Beat by $0.06 Q1 2026$0.15Beat by $0.11 Q4 2025$0.63Beat by $0.14 Q3 2025$0.85Beat by $0.23 Q2 2025$0.97Beat by $0.33 Q1 2025$0.36Beat by $0.05

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Questions, answered.

When did MGP Ingredients report Q1 2024 earnings?: MGP Ingredients (MGPI) reported Q1 2024 earnings on May 2, 2024 before market open.
What were MGP Ingredients's Q1 2024 revenue and EPS?: MGP Ingredients reported revenue of $170.6M and eps of $1.07 for Q1 2024.
Did MGP Ingredients beat estimates in Q1 2024?: Revenue missed the consensus estimate of $173.2M by $2.7M. EPS beat the consensus estimate of $0.98 by $0.09.
Where can I find MGP Ingredients's Q1 2024 SEC filings?: You can read the 10-Q periodic report (0001628280-24-019790) directly on SEC EDGAR. The filing index links above go to sec.gov.