Business Summary: MGP Ingredients, Inc. is a producer of branded and distilled spirits, as well as food ingredient solutions. Its offerings include bourbon and rye whiskeys, gins, and vodkas. It operates through three segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. Its Distilling Solutions Segment processes corn and other grains (including rye, barley, wheat, barley malt, and milo) into food-grade alcohol and distillery co-products, such as distillers feed, which are produced at its distilleries in Lawrenceburg, Indiana, and Bardstown, Kentucky. Branded Spirits segment consists of a portfolio of brands, which it produces through its distilleries and bottling facilities and sells to distributors or to state governments that directly control the sale of alcohol. Its Ingredient Solutions segment consists of specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat protein products which are sold to customers pursuant to purchase orders.
Financial Summary: BRIEF: For the three months ended 31 March 2025, MGP Ingredients Inc revenues decreased 29% to $121.7M. Net loss applicable to common stockholders totaled $3M vs. income of $20.4M. Revenues reflect Distillery Products segment decrease of 45% to $46.9M, Ingredient Solutions segment decrease of 26% to $26.5M. Net loss reflects Change in fair value of contingent consi increase from $4.1M to $14.7M (expense), Other income (loss).