MGP Ingredients reports record FY2022 sales up 25% to $782.4M; net income up 20%

MGP INGREDIENTS INC

2022-FY EPS reported $4.92 revenue$782,358,000

Q4 sales $191.0M (+15% YoY); adjusted diluted EPS $1.01 vs $0.88.
Full-year sales $782.4M (+25%); net income $108.9M (+20%); adjusted EBITDA $169.3M (+20%).
Distilling Solutions Q4 sales +23% to $101.2M; Branded Spirits FY sales +30% to $237.9M.
FY2023 guidance: sales $815-835M, adjusted EBITDA $178-183M, adjusted EPS $5.05-5.20.
Premium plus brand sales grew 23% in Q4 and 56% for the full year.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MGP INGREDIENTS INC reported full year 2022 results: revenue $782.4 million, net income $108.9 million, EPS Diluted EPS increased to $4.92 from $4.37 per share.

Period: full year 2022
Revenue: $782.4 million
Net income: $108.9 million
EPS: Diluted EPS increased to $4.92 from $4.37 per share
Result: reported results

Exact text from the filing

fourth quarter. Adjusted diluted EPS increased to $1.01 per share from $0.88 per share. 2022 full year consolidated results compared to 2021 full year • Sales increased 25% to $782.4 million. • Gross profit and adjusted gross profit increased 27% and 26%, respectively, to $253.3 million, representing 32.4% of sales. • Operating income and adjusted operating income

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MGP INGREDIENTS INC reported fiscal 2023 results: revenue $815 million to $835 million, EPS Adjusted basic earnings per common share are forecasted to be in the $5.05 to $5.20 range. Guidance initiated.

Period: fiscal 2023
Revenue: $815 million to $835 million
EPS: Adjusted basic earnings per common share are forecasted to be in the $5.05 to $5.20 range
Guidance: initiated
Result: guidance update

Exact text from the filing

year 2022 was 22.3% compared with 25.0% in 2021. 2023 Outlook MGP is offering the following consolidated guidance for fiscal 2023: • Sales are projected to be in the range of $815 million to $835 million. • Adjusted EBITDA is expected to be in the range of $178 million to $183 million. • Adjusted basic earnings per common share are forecasted to be in the $5.05 to

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MGP INGREDIENTS INC reported fourth quarter 2022 results: revenue $191.0 million, net income $22.5 million, EPS Diluted EPS decreased to $1.01 per share from $1.44 per share.

Period: fourth quarter 2022
Revenue: $191.0 million
Net income: $22.5 million
EPS: Diluted EPS decreased to $1.01 per share from $1.44 per share
Result: reported results

Exact text from the filing

reported results for the fourth quarter and full year ended December 31, 2022. 2022 fourth quarter consolidated results compared to 2021 fourth quarter • Sales increased 15% to $191.0 million. • Gross profit increased 20% to $63.2 million, representing 33.1% of sales. • Operating income decreased 34% to $29.7 million due to the $16.3 million favorable insurance

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Source: SEC EDGAR

accession 0001628280-23-004690

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