MGP Ingredients Second Quarter 2024 Earnings: In Line With Expectations

[email protected] (Simply Wall St)
1 min read

In This Article:

MGP Ingredients (NASDAQ:MGPI) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$190.8m (down 8.7% from 2Q 2023).

  • Net income: US$31.7m (flat on 2Q 2023).

  • Profit margin: 17% (up from 15% in 2Q 2023).

  • EPS: US$1.44 (down from US$1.44 in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

MGP Ingredients Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with MGP Ingredients.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

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