MGP Ingredients Q2 2024: adjusted EPS up 15% to $1.71; reaffirms FY guidance

MGP INGREDIENTS INC

2024-Q2 EPS reported $2.36 revenue$361,368,000

Sales fell 9% to $190.8M due to Atchison closure; ex-distillery, sales up 7%.
Net income flat at $32.0M; adjusted net income up 15% to $38.0M.
Branded Spirits sales up 11% to $64.0M; premium plus spirits grew 29%.
Adjusted EBITDA rose 7% to $57.5M; margin expanded 450 bps to 30.2%.
Full-year guidance reaffirmed: sales $742-$756M, adjusted EBITDA $218-$222M, adjusted EPS $6.12-$6.23.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.