Stock Track | MGP Ingredients Plunges 11% in Pre-market on Disappointing Q4 Results and Weak Guidance

Stock Track

Feb 26, 2025

MGP Ingredients (MGPI) stock experienced a significant pre-market plunge of 11.02% on Wednesday, following the release of the company's disappointing fourth-quarter financial results and weak guidance for the current fiscal year.

According to the earnings report, MGP Ingredients reported an operating loss of $30.4 million and a net loss of $42 million for the fourth quarter. The company's adjusted EBITDA for the quarter stood at $53.1 million, which fell short of analysts' expectations.

Looking ahead, MGP Ingredients provided a lackluster outlook, projecting fiscal year sales in the range of $520 million to $540 million and adjusted EBITDA between $105 million and $115 million. These forecasts were below market expectations, raising concerns among investors about the company's future performance.

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The company's adjusted EBITDA for the quarter stood at $53.1 million, which fell short of analysts' expectations.</p>\n\n<p>Looking ahead, MGP Ingredients provided a lackluster outlook, projecting fiscal year sales in the range of $520 million to $540 million and adjusted EBITDA between $105 million and $115 million. These forecasts were below market expectations, raising concerns among investors about the company's future performance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MGPI","symbol_name":"MGP Ingredients","start_time":0,"source_url":"","article_id":"1182769710","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182769710","pubTimestamp":1740573390,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MGP Ingredients  stock experienced a significant pre-market plunge of 11.02% on Wednesday, following the release of the company's disappointing fourth-quarter financial results and weak guidance for the current fiscal year.According to the earnings report, MGP Ingredients reported an operating loss of $30.4 million and a net loss of $42 million for the fourth quarter. 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