earnings
confidence high
sentiment positive
materiality 0.85
MGP Ingredients Q3 sales up 71.5% to $176.6M, EPS $1.08, raises full-year guidance
MGP INGREDIENTS INC
2021-Q3 EPS reported
$2.91
revenue$459,873,000
- Consolidated sales $176.6M (+71.5%), gross profit $57.1M (+146.5%), operating income $32.9M (+140.9%).
- Adjusted EPS $1.09 vs $0.61; adjusted EBITDA $38.4M (+124.2%).
- FY2021 guidance raised: sales $570M–$615M, adj. EBITDA $125M–$135M, adj. EPS $3.75–$4.05.
- Distillery Products sales +15%; Branded Spirits $61.6M from Luxco; Ingredient Solutions +12.5%.
- Recorded $6.4M partial insurance settlement for Atchison fire; new dryer expected operational Q4 2021.