earnings
confidence high
sentiment positive
materiality 0.80
MGP Ingredients reports record FY2021 sales of $626.7M (+58.5%), raises 2022 guidance
MGP INGREDIENTS INC
2021-FY EPS reported
$4.34
revenue$626,720,000
- Full-year diluted EPS rose to $4.34 from $2.37; adjusted EPS $4.24 vs $2.51.
- Q4 sales $166.8M (+65.3%); Q4 operating income up 191.6% to $45.3M.
- Distillery Products full-year sales +12.5% to $352.5M; Branded Spirits $183.6M from Luxco acquisition.
- 2022 guidance: sales $690-715M, adjusted EBITDA $150-157M, adjusted EPS $4.15-4.35 basic.
- Ingredient Solutions sales +16.1% to $90.7M; company plans $33M in expansion projects.