MGP Ingredients Inc. reported its first quarter 2025 results, indicating positive progress across its three operating segments despite an overall decline in sales and profits. Consolidated sales decreased by 29% to $121.7 million, with notable declines in the Distilling Solutions and Ingredient Solutions segments, driven by lower brown goods sales and supply challenges, respectively. The Branded Spirits segment experienced a 4% sales decline, attributed to a decrease in mid and value-priced brands, although premium plus sales increased by 7%, bolstered by the continued growth of Penelope. Adjusted EBITDA and adjusted EPS fell by 46% and 66% to $21.8 million and $0.36, respectively. However, cash flow from operations surged by 82% to $44.7 million, maintaining a stable net debt leverage of 1.6x. You can access the full presentation through the link below.
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