$MGPI
MGP INGREDIENTS INC

2024 Q4 Form 10-Q Financial Statement

#000162828024044424 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q2
Revenue $161.5M $190.8M
YoY Change -23.7% -8.71%
Cost Of Revenue $95.65M $107.6M
YoY Change -30.78% -18.94%
Gross Profit $65.82M $83.23M
YoY Change -10.39% 9.09%
Gross Profit Margin 40.76% 43.62%
Selling, General & Admin $17.20M $22.76M
YoY Change -20.24% -3.21%
% of Gross Profit 26.14% 27.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.680M $5.329M
YoY Change -1.76% 0.19%
% of Gross Profit 8.63% 6.4%
Operating Expenses $17.20M $22.76M
YoY Change -20.24% -3.21%
Operating Profit $32.56M $43.39M
YoY Change 64.14% -1.71%
Interest Expense -$2.174M -$2.205M
YoY Change -7.61% 72.0%
% of Operating Profit -6.68% -5.08%
Other Income/Expense, Net $1.026M $943.0K
YoY Change -4204.0% -1113.98%
Pretax Income $31.42M $42.13M
YoY Change 79.92% -1.5%
Income Tax $7.554M $10.11M
% Of Pretax Income 24.05% 24.0%
Net Earnings $23.91M $32.09M
YoY Change 80.95% -0.13%
Net Earnings / Revenue 14.81% 16.82%
Basic Earnings Per Share $1.07 $1.43
Diluted Earnings Per Share $1.07 $1.43
COMMON SHARES
Basic Shares Outstanding 21.95M shares 21.99M shares 22.01M shares
Diluted Shares Outstanding 22.07M shares 22.12M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.77M $21.01M
YoY Change -25.81% -4.32%
Cash & Equivalents $20.77M $21.01M
Short-Term Investments
Other Short-Term Assets $4.692M $4.795M
YoY Change 2.0% -7.38%
Inventory $372.2M $358.6M
Prepaid Expenses $4.692M $4.795M
Receivables $130.4M $159.0M
Other Receivables $3.955M $3.008M
Total Short-Term Assets $532.0M $546.4M
YoY Change 5.57% 4.91%
LONG-TERM ASSETS
Property, Plant & Equipment $292.1M $275.7M
YoY Change 20.1% 10.01%
Goodwill $321.5M $321.5M
YoY Change 0.0% -1.28%
Intangibles $269.3M $270.1M
YoY Change -1.19% -0.5%
Long-Term Investments $6.643M $5.811M
YoY Change 24.33% 17.28%
Other Assets $4.106M $3.907M
YoY Change -3.21% -11.22%
Total Long-Term Assets $908.6M $887.7M
YoY Change 5.35% 1.53%
TOTAL ASSETS
Total Short-Term Assets $532.0M $546.4M
Total Long-Term Assets $908.6M $887.7M
Total Assets $1.441B $1.434B
YoY Change 5.43% 2.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.72M $56.06M
YoY Change -1.26% -33.99%
Accrued Expenses $19.74M $17.84M
YoY Change -25.75% -16.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.400M $6.400M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $82.34M $84.79M
YoY Change -8.62% -28.54%
LONG-TERM LIABILITIES
Long-Term Debt $283.6M $303.0M
YoY Change -8.61% -4.93%
Other Long-Term Liabilities $3.053M $3.069M
YoY Change -21.48% -22.17%
Total Long-Term Liabilities $3.053M $3.069M
YoY Change -21.48% -22.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.34M $84.79M
Total Long-Term Liabilities $3.053M $3.069M
Total Liabilities $527.7M $541.2M
YoY Change -3.73% -7.96%
SHAREHOLDERS EQUITY
Retained Earnings $608.5M $587.3M
YoY Change 18.97% 17.23%
Common Stock $6.715M $6.715M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $914.5M $894.5M
YoY Change
Total Liabilities & Shareholders Equity $1.441B $1.434B
YoY Change 5.43% 2.79%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $23.91M $32.09M
YoY Change 80.95% -0.13%
Depreciation, Depletion And Amortization $5.680M $5.329M
YoY Change -1.76% 0.19%
Cash From Operating Activities $43.93M $4.959M
YoY Change 54.41% -67.23%
INVESTING ACTIVITIES
Capital Expenditures $19.45M $6.371M
YoY Change 62.11% -53.89%
Acquisitions
YoY Change
Other Investing Activities -$16.00K -$20.00K
YoY Change -101.78% -99.98%
Cash From Investing Activities -$19.47M -$6.391M
YoY Change 75.4% -94.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.77M 2.954M
YoY Change 119.78% -96.85%
NET CHANGE
Cash From Operating Activities 43.93M 4.959M
Cash From Investing Activities -19.47M -6.391M
Cash From Financing Activities -24.77M 2.954M
Net Change In Cash -308.0K 1.522M
YoY Change -105.07% -115.57%
FREE CASH FLOW
Cash From Operating Activities $43.93M $4.959M
Capital Expenditures $19.45M $6.371M
Free Cash Flow $24.48M -$1.412M
YoY Change 48.8% -207.21%

Facts In Submission

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  The financial reporting policies of the Company conform to GAAP.  The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  The application of certain of these policies places demands on management’s judgment, with financial reporting results relying on estimation about the effects of matters that are inherently uncertain.  For all of these policies, management cautions that future events may not develop as forecast, and estimates routinely require adjustment and may require material adjustment.</span></div>
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CY2023Q4 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
250183000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2023Q3 us-gaap Dividends Common Stock
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2664000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
818186000 usd
us-gaap Number Of Operating Segments
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3 segment
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  The financial reporting policies of the Company conform to GAAP.  The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  The application of certain of these policies places demands on management’s judgment, with financial reporting results relying on estimation about the effects of matters that are inherently uncertain.  For all of these policies, management cautions that future events may not develop as forecast, and estimates routinely require adjustment and may require material adjustment.</span></div>
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
55463000 usd
CY2024Q3 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
282877000 usd
CY2023Q4 mgpi Inventory Barreled Distillate Gross
InventoryBarreledDistillateGross
250183000 usd
CY2024Q3 us-gaap Inventory Raw Materials
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27867000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
28825000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1035000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1691000 usd
CY2024Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
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CY2023Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
8355000 usd
CY2024Q3 us-gaap Other Inventory
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1309000 usd
CY2023Q4 us-gaap Other Inventory
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2336000 usd
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372153000 usd
CY2023Q4 us-gaap Inventory Gross
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346853000 usd
CY2024Q3 us-gaap Inventory Raw Materials
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27867000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
28825000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1035000 usd
CY2024Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
8353000 usd
CY2023Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
8355000 usd
CY2024Q3 us-gaap Other Inventory
OtherInventory
1309000 usd
CY2023Q4 us-gaap Other Inventory
OtherInventory
2336000 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
372153000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
346853000 usd
CY2024Q3 us-gaap Debt Instrument Fair Value
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207827000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
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194440000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
287249000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161461000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
211624000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
522829000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
621635000 usd
CY2024Q3 us-gaap Debt Instrument Fair Value
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207827000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
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194440000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
289968000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
287249000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
211624000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
522829000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
621635000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
814000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3255000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3255000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3255000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3255000 usd
CY2024Q3 mgpi Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
42441000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
56275000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
296050000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
293850000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6082000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6601000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
289968000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
287249000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
6400000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
6400000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
283568000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
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280849000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
814000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3255000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3255000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3255000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3255000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
56275000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
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296050000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
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293850000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
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6082000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
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6601000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
289968000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
287249000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
6400000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
6400000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
283568000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
280849000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7554000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.24
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4373000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24832000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q3 us-gaap Profit Loss
ProfitLoss
23862000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
13088000 usd
us-gaap Profit Loss
ProfitLoss
76463000 usd
us-gaap Profit Loss
ProfitLoss
76084000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-123000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23924000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.24
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4373000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24832000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q3 us-gaap Profit Loss
ProfitLoss
23862000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
13088000 usd
us-gaap Profit Loss
ProfitLoss
76463000 usd
us-gaap Profit Loss
ProfitLoss
76084000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-123000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-162000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-324000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
257000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
129000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
129000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
760000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23648000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13082000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13082000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75797000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75797000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75648000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75648000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75648000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75648000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22066159 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22110315 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22056270 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22069885 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22381516 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22110315 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22207031 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.43
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.41
CY2024Q1 srt Stock Repurchase Program Authorized Amount1
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100000000 usd
CY2024Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
35913 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
128360 shares
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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90000000 usd
CY2024Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
59084 shares
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
33363 shares
CY2024Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
35913 shares
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
257000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
129000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
129000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
828000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
828000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
760000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
760000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75797000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75797000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75648000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75648000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75648000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75648000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22069885 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22066159 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22110315 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22056270 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22069885 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22381516 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22110315 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22207031 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.43
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.41
CY2024Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 usd
CY2024Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
35913 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
128360 shares
CY2024Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2500000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000000 usd
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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90000000 usd
CY2024Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
59084 shares
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
33363 shares
CY2024Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
35913 shares
CY2024Q3 mgpi Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
2 plan
CY2024Q3 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
196000 usd
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
482000 usd
CY2023Q3 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
-118000 usd
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
272000 usd
CY2024Q3 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
3659000 usd
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
2916000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
74000 usd
CY2024Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2003000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161461000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
211624000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
522829000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
621635000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
65815000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
73448000 usd
us-gaap Gross Profit
GrossProfit
211842000 usd
us-gaap Gross Profit
GrossProfit
219567000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5680000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5782000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16298000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31416000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17461000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100916000 usd
CY2024Q3 us-gaap Assets
Assets
1440619000 usd
CY2023Q4 us-gaap Assets
Assets
1392348000 usd
CY2024Q3 mgpi Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
2 plan
CY2024Q3 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
196000 usd
mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
482000 usd
CY2023Q3 mgpi Deferred Compensation Arrangement Gain Loss On Plan Investments
DeferredCompensationArrangementGainLossOnPlanInvestments
-118000 usd
CY2024Q3 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
3659000 usd
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
2916000 usd
CY2024Q3 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
1796000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
74000 usd
CY2024Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2003000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
3314000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161461000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
211624000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
522829000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
621635000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
65815000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
73448000 usd
us-gaap Gross Profit
GrossProfit
219567000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5680000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5782000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16298000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16272000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31416000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17461000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100387000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100916000 usd
CY2024Q3 us-gaap Assets
Assets
1440619000 usd
CY2023Q4 us-gaap Assets
Assets
1392348000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001628280-24-044424-index-headers.html Edgar Link pending
0001628280-24-044424-index.html Edgar Link pending
0001628280-24-044424.txt Edgar Link pending
0001628280-24-044424-xbrl.zip Edgar Link pending
a9302024ex311.htm Edgar Link pending
a9302024ex312.htm Edgar Link pending
a9302024ex321.htm Edgar Link pending
a9302024ex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mgpi-20240930.htm Edgar Link pending
mgpi-20240930.xsd Edgar Link pending
mgpi-20240930_g1.jpg Edgar Link pending
R1.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
mgpi-20240930_cal.xml Edgar Link unprocessable
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mgpi-20240930_lab.xml Edgar Link unprocessable
mgpi-20240930_pre.xml Edgar Link unprocessable
mgpi-20240930_htm.xml Edgar Link completed
R3.htm Edgar Link pending
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