MGP INGREDIENTS INC
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 29, 2025
MGPI$17.12-0.5%Stored close · as of Oct 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except share and per share amounts)
| Quarter Ended September 30, | Year to Date Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Sales | $130,912 | $161,461 | $398,059 | $522,829 |
| Cost of sales | 81,479 | 95,646 | 246,909 | 310,987 |
| Gross profit | 49,433 | 65,815 | 151,150 | 211,842 |
| Advertising and promotion expenses | 6,691 | 9,647 | 21,776 | 29,995 |
| Selling, general, and administrative expenses | 18,926 | 17,204 | 63,287 | 60,942 |
| Impairment of long-lived assets and other | — | — | — | 137 |
| Change in fair value of contingent consideration | 2,800 | 6,400 | 25,500 | 15,900 |
| Operating income | 21,016 | 32,564 | 40,587 | 104,868 |
| Interest expense, net | (1,739) | (2,174) | (5,490) | (6,398) |
| Other income, net | 428 | 1,026 | 957 | 1,917 |
| Income before income taxes | 19,705 | 31,416 | 36,054 | 100,387 |
| Income tax expense | 4,276 | 7,554 | 9,255 | 23,924 |
| Net income | 15,429 | 23,862 | 26,799 | 76,463 |
| Net loss (income) attributable to noncontrolling interest | (7) | 43 | 25 | 162 |
| Net income attributable to MGP Ingredients, Inc. | 15,422 | 23,905 | 26,824 | 76,625 |
| Income attributable to participating securities | (190) | (257) | (322) | (828) |
| Net income used in earnings per common share calculation | $15,232 | $23,648 | $26,502 | $75,797 |
| Weighted average common shares | ||||
| Basic | 21,373,300 | 22,069,885 | 21,359,051 | 22,110,315 |
| Diluted | 21,373,300 | 22,069,885 | 21,359,051 | 22,110,315 |
| Earnings per common share | ||||
| Basic | $0.71 | $1.07 | $1.24 | $3.43 |
| Diluted | $0.71 | $1.07 | $1.24 | $3.43 |
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