earnings
confidence high
sentiment negative
materiality 0.80
MGP Ingredients Q4 net loss $42M on goodwill impairment; 2025 guidance well below 2024
MGP INGREDIENTS INC
2024-FY EPS reported
$1.56
revenue$703,625,000
- Q4 net loss $42M ($1.91 basic EPS loss) includes $73.8M non-cash goodwill impairment; adjusted EPS $1.57.
- Consolidated Q4 sales $180.8M, down 16% YoY; full year sales $703.6M, down 16%.
- Full year adjusted EBITDA $196.5M, down 6%; 2025 guidance: adj EBITDA $105-115M, adj EPS $2.45-2.75.
- Distilling Solutions Q4 sales $82.0M (-25%); Branded Spirits $64.0M (-12%); Ingredient Solutions +4%.
- 2025 capex guidance $36M vs $73.2M in 2024; net debt leverage 1.5x as of Dec 31, 2024.