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MGP Ingredients (MGPI)
NASDAQ:MGPI
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.5Last Year’s EPS
$1.64Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -28.80%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted challenges in the Distilling Solutions and Ingredient Solutions segments, resulting in a significant decline in consolidated sales and profitability. Despite these challenges, there were positive aspects such as growth in the premium plus segment and strong cash flow from operations. However, the negative trends, particularly in whiskey sales, are expected to continue into 2025.Company Guidance
During the MGPI Q3 2024 earnings call, the company provided guidance for the full year, indicating an expected consolidated sales range of $695 million to $705 million and adjusted EBITDA between $196 million and $200 million. The adjusted basic earnings per share are projected to be in the range of $5.55 to $5.65, with a tax rate of approximately 24%. The company anticipates capital expenditures to reach around $78 million for 2024. Looking ahead to 2025, MGPI expects a significant decline in its Distilling Solutions segment, forecasting a nearly 35% reduction in sales and a 50% decrease in gross profits due to challenges in the American whiskey market. However, they remain optimistic about their Branded Spirits segment, which they expect to become the largest segment by sales and a primary growth engine, driven by continued focus on premium plus brands.Premium Plus Sales Growth
Year-to-date premium plus sales were up 13% compared to last year, now accounting for approximately half of the Branded Spirits segment sales.
Increased Gross Margin in Branded Spirits
Delivered a second consecutive quarter of higher than 50% gross margins in the Branded Spirits segment.
Cash Flow from Operations
Cash flow from operations was $73.5 million for the year-to-date period, up from $48.6 million in the prior year period.
Balance Sheet Health
Maintained a healthy balance sheet with a net debt leverage ratio of approximately 1.3x.
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MGPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MGPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $56.18 | $47.92 | -14.70% |
| Aug 01, 2024 | $81.24 | $85.77 | +5.58% |
| May 02, 2024 | $77.84 | $81.83 | +5.13% |
| Feb 22, 2024 | $91.22 | $77.66 | -14.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MGP Ingredients (MGPI) report earnings?
MGP Ingredients (MGPI) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is MGP Ingredients (MGPI) earnings time?
MGP Ingredients (MGPI) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGPI EPS forecast?
MGPI EPS forecast for the fiscal quarter 2024 (Q4) is $1.5.
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