other material
confidence high
sentiment neutral
materiality 0.60
MGP Ingredients files pro forma financials reflecting Luxco acquisition; combined revenue $503.7M, net income $55.6M
MGP INGREDIENTS INC
- Pro forma combined sales $503.7M, net income $55.6M, diluted EPS $2.53 for YTD Sept 30, 2021.
- Total merger consideration $446.4M: $237.5M cash + 5,007,833 shares valued at $296.2M (22.8% post-close).
- Purchase price adjustment finalized Sept 2021: cash reduced ~$0.6M, shares increased by 1,373 shares.
- Goodwill $224.9M, intangible assets $219.5M (trade names $178.1M, distributor relationships $41.4M).
- Merger-related costs $12.1M in SG&A; will not recur beyond one year.