Highest-materiality recent filing
MGP Ingredients Q1 net loss $134.8M on $179.5M non-cash impairments; adj. EPS $0.15
Revenue fell 13% to $106.4M; net loss of $134.8M ($6.30 basic loss) vs year-ago loss of $3.0M.
Temporary idling of Limestone Branch (Lebanon, KY) and Lux Row (Bardstown, KY) effective May 1, 2026.
MGP Ingredients Q4 net loss $134.6M includes $152.6M impairment; FY sales -24%
Q4 net loss of $134.6M, includes $152.6M non-cash goodwill/intangibles impairment (Branded Spirits).
MGP Ingredients Q3 sales -19% to $130.9M, net income -35%; raises FY adjusted EBITDA, EPS outlook
Q3 consolidated sales $130.9M (-19% YoY); gross profit $49.4M (-25%); net income $15.4M (-35%).
MGP Ingredients Q2 sales -24% to $145.5M, net income -55%; new CEO Julie Francis appointed
Sales down 24% to $145.5M; gross profit -30% to $58.4M; margin 40.1% (-350bps).
MGP Ingredients appoints Julie Francis as CEO; reaffirms FY2025 guidance
Julie Francis named President and CEO effective July 21, 2025; previously COO at Schwan's Company.
MGP Ingredients Q1 net loss $3.1M; sales down 29%, reaffirms 2025 outlook
Net loss of $3.1M vs $19.9M income in Q1 2024; basic EPS loss $0.14.
MGP Ingredients Q4 net loss $42M on goodwill impairment; 2025 guidance well below 2024
Q4 net loss $42M ($1.91 basic EPS loss) includes $73.8M non-cash goodwill impairment; adjusted EPS $1.57.
MGP Ingredients names CFO Brandon Gall interim CEO; Donn Lux becomes chairman
David Bratcher steps down as CEO and resigns from board effective Dec 31, 2024; gets transition and severance benefits.
Consolidated sales $161.5M, down 24% YoY; excluding Atchison distillery, down 14%.
MGP Ingredients preliminary Q3 sales down 24%, cuts full-year guidance significantly
Preliminary Q3 sales $161.5M, -24% YoY; net income $23.9M (+82%) but adjusted EPS down 5% to $1.29.
MGP Ingredients Q2 2024: adjusted EPS up 15% to $1.71; reaffirms FY guidance
Sales fell 9% to $190.8M due to Atchison closure; ex-distillery, sales up 7%.
MGP Ingredients Q1 net income down 34% to $20.6M; reaffirms FY2024 guidance
Sales decreased 15% to $170.6M; gross profit down 10% to $62.8M.
MGP Ingredients Chief Legal Officer Curtis Landherr resigns; transition period through May 31, 2024
Curtis Landherr, Chief Legal Officer, VP, and Corporate Secretary, resigns effective May 31, 2024; officer roles end April 30.
On April 14, 2025, Gerardo I. Lopez and Martin Roper were elected as Group B members of the Board of Directors (the “Board”) of MGP Ingredients, Inc.
On April 14, 2025, Gerardo I. Lopez and Martin Roper were elected as Group B members of the Board of Directors (the “Board”) of MGP Ingredients, Inc.
In addition, Preet H. Michelson resigned as a Group B member of the Board, effective April 14, 2025.
On April 22, 2024, Curtis C. Landherr, the Chief Legal Officer, Vice President, and Corporate Secretary and a named executive officer of MGP Ingredients, Inc. (the “Company”) notified the Company that he is resigning from the Company, effective May 31, 2024.
Max materiality 0.85 · Median 0.60 · Most common event earnings