Thu, May 1, 11:39 AM (10 days ago)
**MGP Ingredients, Inc. (MGPI) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $121.65 million, down 29% YoY due to decreased sales across all segments. - **Gross Profit:** $43.33 million, down 31% YoY, with gross margin at 35.6%. - **Operating Income:** $(747,000), a significant decrease from $28.92 million YoY. - **Net Income:** $(3.06 million), a decline from $20.58 million YoY. - **EPS:** $(0.14) basic and diluted, down from $0.92 YoY. **Segment Performance:** - **Branded Spirits:** Sales down 4% YoY, gross profit down 1% YoY. - **Distilling Solutions:** Sales down 45% YoY, gross profit down 45% YoY. - **Ingredient Solutions:** Sales down 26% YoY, gross profit down 60% YoY. **Cash Flow & Liquidity:** - **Operating Cash Flow:** $44.68 million, up $20.06 million YoY. - **Investing Cash Flow:** $(19.93 million), an improvement of $7.34 million YoY. - **Financing Cash Flow:** $(30.21 million), a decrease of $33.98 million YoY. - **Cash Balance:** $20.11 million, down $5.16 million QoQ. **Future Outlook & Uncertainties:** - **Capital Spending:** $36 million expected for 2025. - **Debt:** $297.11 million outstanding, with $320 million available under the credit agreement. - **Legal Proceedings:** Ongoing securities litigation may impact future results. - **Market Risks:** Commodity price and interest rate fluctuations may affect financial performance. **Impact on Future Operations:** - **Segment Performance:** Continued focus on premium brands and cost management. - **Legal Proceedings:** Potential impact on financial results and management focus. - **Market Risks:** Ongoing monitoring and management of commodity and interest rate risks.