NASDAQ$MGPI
MGP Ingredients Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported record first quarter results with consolidated sales and operating income increasing.
MGP Ingredients reported a strong first quarter in 2021, with a 9.3% increase in consolidated sales to $108.3 million and a 49.6% increase in consolidated operating income to $20.5 million. The Distillery Products segment drove growth, with premium beverage alcohol sales up 31.1%. The company anticipates improved results in the second quarter for the Ingredient Solutions segment after weather-related events impacted production in February.
- Consolidated sales increased 9.3% to $108.3 million.
- Consolidated gross profit increased 39.2% to $32.3 million.
- Consolidated operating income increased 49.6% to $20.5 million.
- Sales of premium beverage alcohol increased 31.1%.
Headline financials
Revenue & EPS history
MGP Ingredients · Revenue · Quarterly
$108M
Revenue by segment
MGP Ingredients · $212M total across 3 segments · Q3 2023
- Distilling Solutions$112M+3.0%52.9%
- Branded Spirits$66.8M+6.4%31.6%
- Ingredient Solutions$33M+10.9%15.6%
Forward guidance
MGP is offering guidance for fiscal year 2021, excluding Luxco's financial results and acquisition related costs.
Tailwinds
- 2021 adjusted sales growth is projected in the 0% to 2% range versus 2020.
- The Company’s estimate of growth in adjusted operating income in 2021 is 7% to 12%.
- Adjusted earnings per share are forecasted to be in the $2.05 to $2.15 range.
- Shares outstanding expected to be approximately 22.0 million at year end.
Headwinds
- Adjusted sales growth reflects reduced sales of third-party industrial alcohol.
- Adjusted sales growth reflects reduced average selling prices resulting from selling wet versus dried distillers grains by-products.
- Full year adjusted earnings per share guidance includes the impact of the 5.0 million shares issued in connection with the Luxco acquisition.
- First quarter earnings per share results were calculated based on 17.0 million shares outstanding prior to the transaction's close.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.7%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-0.5%
Avg return
30 days after
58%
36 / 62 earnings
Positive
+15.7%
Q3 2017
Best reaction
-21.4%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.2% | -5.8% | -12.8% | |
| Q4 2025 | -21.2% | -25.7% | -27.9% | |
| Q3 2025 | -1.9% | +0.6% | -7.6% | |
| Q1 2025 | +4.8% | +9.0% | -0.2% | |
| Q4 2024 | -1.1% | -0.4% | -10.3% | |
| Q3 2024 | -19.2% | -16.6% | -17.8% | |
| Q2 2024 | +4.4% | +0.7% | +9.9% | |
| Q1 2024 | +3.0% | +3.3% | -0.8% | |
| Q4 2023 | -13.2% | -14.4% | -9.3% | |
| Q3 2023 | +2.2% | +3.4% | -5.6% | |
| Q2 2023 | +6.6% | +8.0% | +5.6% | |
| Q1 2023 | +6.2% | +3.8% | +5.6% | |
| Q4 2022 | +8.4% | +5.5% | -1.8% | |
| Q3 2022 | +5.2% | +7.9% | +17.2% | |
| Q2 2022 | +6.9% | +5.0% | +3.6% | |
| Q1 2022 | +0.3% | -1.6% | +2.4% | |
| Q4 2021 | +2.0% | +2.3% | +11.8% | |
| Q3 2021 | +10.2% | +8.3% | +23.8% | |
| Q2 2021 | +14.6% | +14.8% | +16.1% | |
| Q1 2021 | +1.7% | +4.9% | +20.2% | |
| Q4 2020 | -8.0% | -7.0% | -12.2% | |
| Q3 2020 | +4.6% | +0.7% | +10.2% | |
| Q2 2020 | -6.5% | -6.6% | -6.5% | |
| Q1 2020 | -6.8% | -9.4% | -8.5% | |
| Q4 2019 | -10.4% | -5.9% | -16.1% | |
| Q3 2019 | -4.9% | -6.0% | -5.9% | |
| Q2 2019 | -18.6% | -18.6% | -28.3% | |
| Q1 2019 | -21.4% | -19.0% | -31.5% | |
| Q4 2018 | +5.3% | +5.0% | -0.8% | |
| Q3 2018 | -8.1% | -3.5% | -4.5% | |
| Q2 2018 | -5.6% | -4.7% | -4.4% | |
| Q1 2018 | -10.2% | -4.8% | -5.4% | |
| Q4 2017 | -1.4% | -9.5% | +6.8% | |
| Q3 2017 | +15.7% | +17.8% | +19.0% | |
| Q2 2017 | +2.9% | +2.0% | +0.8% | |
| Q1 2017 | +5.5% | +3.2% | -2.3% | |
| Q4 2016 | +10.3% | +14.1% | +17.9% | |
| Q3 2016 | +12.6% | +14.8% | +36.4% | |
| Q2 2016 | -19.1% | -19.9% | -4.4% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | -17.2% | — | — | |
| Q3 2015 | +1.3% | — | — | |
| Q2 2015 | +10.4% | — | — | |
| Q1 2015 | +2.5% | — | — | |
| Q4 2014 | +0.4% | — | — | |
| Q3 2014 | -3.8% | — | — | |
| Q2 2014 | +8.6% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +1.2% | — | — | |
| Q3 2013 | -4.3% | — | — | |
| Q2 2013 | +5.0% | — | — | |
| Q1 2013 | -2.3% | — | — | |
| Q4 2012 | -4.6% | — | — | |
| Q3 2012 | +2.0% | — | — | |
| Q2 2012 | +6.7% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q4 2009 | +2.8% | — | — | |
| Q4 2011 | +2.8% | — | — | |
| Q4 2010 | +2.8% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q1 2011 | -8.2% | — | — | |
| Q1 2010 | -7.7% | — | — |
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