| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 170.6MM | -21% |
| Gross Profit | 62.8MM | -26% |
| Cost Of Revenue | 107.8MM | -17% |
| Operating Income | 28.9MM | -33% |
| Operating Expenses | 33.9MM | - |
| Net Income | 20.6MM | -34% |
| G&A | 21MM | -19% |
| Amortization | - | - |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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MGP Ingredients, Inc. (NASDAQ:MGPI) Q1 2024 Earnings Call Transcript May 4, 2024 MGP Ingredients, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and welcome to the MGP Ingredients First Quarter 2024 Financial Results Conference Call. [Operator’s Instructions] […]
Industry veteran Paul Lux joins company to continue execution of strategy for the segment Paul Lux Distilling Solutions Vice President ATCHISON, Kan., May 06, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc., (MGPI: Nasdaq), a leading producer of branded and distilled spirits as well as food ingredient solutions, has named Paul Lux as Vice President of Sales for the Distilling Solutions segment, effective today. Lux will work closely with Amel Pasagic, Chief Commercial Officer, on the continued ex
Q1 2024 MGP Ingredients Inc Earnings Call
Shares of food and beverage supplier MGP Ingredients (NASDAQGS:MGPI) jumped 6.8% in the afternoon session after the company reported first-quarter results that beat analysts' revenue and EPS expectations. However, sales declined by 15% (otherwise flat) in absolute terms due to the closure of the Atchison distillery. The closure is anticipated to be a headwind to growth and was baked into the full-year revenue guidance, which came in below expectations. However, it maintained full-year EPS guidan
SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun Small Cap Strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the strategy increased 7.01% on a gross basis (6.83% net) compared to a 5.18% return for the Russell 2000 Index and 2.90% for […]
Comprehensive Analysis of MGPI's First Quarter Financial Results for 2024
Food and beverage supplier MGP Ingredients (NASDAQGS:MGPI) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 15.1% year on year to $170.6 million. On the other hand, the company's full-year revenue guidance of $749 million at the midpoint came in slightly below analysts' estimates. It made a non-GAAP profit of $1.07 per share, down from its profit of $1.39 per share in the same quarter last year.
Q1 results in line with expectations; Reiterates annual guidanceATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today reported results for the first quarter ended March 31, 2024. 2024 first quarter consolidated results compared to 2023 first quarter: Due to the Atchison distillery closure, sales decreased 15% to $170.6 million. Excluding the impact of the Atchison dist
ATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock. The dividend is payable on May 31, 2024 to stockholders of record as of May 17, 2024. About MGP Ingredients, Inc.MGP Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium branded and distille
Food and beverage supplier MGP Ingredients (NASDAQGS:MGPI) will be announcing earnings results tomorrow before market hours. Here's what you need to know.