MGP files Luxco Q1 2021 financials: net loss of $2.6M on $9M merger costs

MGP INGREDIENTS INC

Luxco net loss of $2.617M for Q1 2021 vs net income of $5.634M in Q1 2020.
Operating loss of $1.558M vs operating income of $6.457M; net sales up to $44.370M.
Transaction-related professional fees and bonuses of ~$9M and $10M prepaid expenses recognized in Q1 2021.
Unaudited pro forma combined financials for MGP and Luxco filed for Q1 2021 and YTD June 30, 2021.
Acquisition closed April 1, 2021; historical results reflect pre-merger Luxco standalone.

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