MGP Ingredients

MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. It operates through the following segments: Distillery Products, Branded Spirits and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. It also includes warehouse services, including barrel put away, barrel storage and barrel retrieval services. The Branded Spirits segment focuses on producing, importing, bottling and rectifying of distilled spirits through distilleries and bottling facilities. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.

Earnings data Q1 2021

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Earnings data Q4 2024

MGP Ingredients reports record 2022 results amidst challenges and growth opportunities

MGP Ingredients (MGPI) delivered strong financial performance in 2022, driven by growth in key segments and record sales.
The company faces challenges from elevated input costs and balancing production with inventory management.
Opportunities lie in expanding premium brands, leveraging M&A in high-demand categories, and strategic advertising investments.

MGP Ingredients reports robust Q1 performance amidst cost challenges

MGP Ingredients delivered strong financial performance with record sales in key segments.
Challenges include rising input costs and declines in certain brand segments.
Opportunities lie in ESG commitment, normalized inventory levels, and potential margin expansion.

MGP Ingredients reports record Q2 performance and strategic growth plans

MGP Ingredients (MGPI) showcased robust financial performance in Q2, driven by segmental growth and strategic acquisitions.
While facing challenges in certain segments and input cost pressures, the company remains focused on margin improvement and growth opportunities.
With a positive outlook for fiscal 2023 and a strategic approach to growth, MGPI is poised for continued success and value creation.

MGP Ingredients reports Q3 growth, plans distillery closure for profitability

MGP Ingredients delivered a solid performance in Q3 2023 with sales and gross profit growth, despite a decline in net income due to one-time expenses.
The company's strategic focus on segment growth and profitability improvements positions it well for future success.
While challenges exist in managing the distillery closure, MGP Ingredients is poised to capitalize on market opportunities and leadership transitions.
Overall, MGP Ingredients' revised guidance and operational decisions reflect a positive outlook for the company's performance and strategic direction.

MGP Ingredients (MGPI) reports strong Q4 earnings, eyes margin growth

MGP Ingredients (MGPI) delivered robust financial results in Q4 2023, with strong sales and profit growth across all segments. Despite facing challenges in international markets and incremental costs, the company remains focused on margin improvement and sustainable growth strategies.

MGP Ingredients reports mixed Q1 performance, focuses on growth strategies

MGP Ingredients reported mixed Q1 performance with sales growth in key segments but a decline in consolidated sales due to the distillery closure. The company's financial metrics showed decreases in gross profit, operating income, and adjusted net income.
Despite challenges such as gross margin dilution and managing distributor inventory levels, MGP Ingredients remains optimistic about its growth strategies and premiumization focus in branded spirits. The company's guidance for 2024 reflects a strategic approach to financial management and growth.
Opportunities for MGP Ingredients include leveraging strengths in Ingredient Solutions and branded spirits, addressing concerns about overbranding, and optimizing pricing mix strategies. The company's resilience in cash flow and capital allocation strategies demonstrate confidence in long-term prospects.

MGP Ingredients reports strong Q2 results, eyes growth opportunities

MGP Ingredients (MGPI) delivered a robust performance in Q2 2024, showcasing strength in Branded Spirits and Distilling Solutions segments despite challenges in Ingredient Solutions.
Reaffirmation of full-year guidance and strong financial metrics underscore confidence in future prospects and strategic direction.
Addressing challenges through strategic initiatives and seizing growth opportunities can position MGPI for sustained success and market leadership in the spirits industry.

MGP Ingredients faces Q3 sales dip but eyes growth strategies

Despite Q3 challenges, MGPI's strategic actions and focus on premium brands position them well for future growth opportunities.
Management's confidence in reiterated guidance and proactive measures to address challenges reflect a resilient approach to navigating market dynamics.
Balancing challenges with opportunities in segment growth and brand management will be key for MGPI's performance in the coming quarters.

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MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein, and starch food ingredients. It operates through the following segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. The Distilling Solutions segment consists of food grade alcohol and distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil. It also includes warehouse services, including barrel put away, barrel storage, barrel retrieval services, and blending services. The Branded Spirits segment focuses on producing, importing, and bottling distilled spirits through distilleries and bottling facilities. The Ingredient Solutions segment is involved in specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat proteins products. The company was founded by Cloud L. Cray, Sr. in 1941 and is headquartered in Atchison, KS.

MGP (MGPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: MGP (MGPI) Q1 Earnings Expected to Decline

New gluten-free pea option joins proven textured wheat proteins New gluten-free pea option joins proven textured wheat proteins

MGP Launches ProTerra™ Textured Proteins

ATCHISON, Kan., March  20, 2020  (GLOBE NEWSWIRE) -- We applaud the distilling industry for helping in the fight against COVID-19. MGP (Nasdaq:MGPI) is playing an important role in this effort by doing everything we can to address an exponential increase in demand for our industrial alcohol, which is used in the production of hand sanitizers and commercial disinfectants. While we’ve always produced a significant amount of the alcohol needed for these products, we have ramped up production at our Kansas and Indiana facilities during this critical time. MGP employees are working around the clock to support the needs of companies that produce these vital products. All of us are committed to continuing the legacy our company was founded upon more than 75 years ago, as a supplier of industrial alcohol for the U.S. war effort.

MGP Increases Industrial Alcohol Production for Hand Sanitizer Needs

Ingredients Can Be Used in Food Formulations to Support IBS Diet Ingredients Can Be Used in Food Formulations to Support IBS Diet

UPDATE -- Fibersym® RW and FiberRite® RW Dietary Fibers Receive Low FODMAP Certification from Monash University

Fibersym® RW and FiberRite® RW Dietary Fibers Receive Low FODMAP Certification from Monash University

MGP Ingredients, Inc. (MGPI) CEO Augustus Griffin on Q4 2019 Results - Earnings Call Transcript

MGP (MGPI) delivered earnings and revenue surprises of 7.04% and 1.16%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

MGP (MGPI) Beats Q4 Earnings and Revenue Estimates

The Bottom Fishing Club: MGP Ingredients

MGP Ingredients Inc. (NASDAQ:MGPI) has been headed straight downwards for several weeks after management announced lower sales and earnings for full year 2019.

MGPI Stock Declines with Falling Revenues

ATCHISON, Kan., Jan.  23, 2020  (GLOBE NEWSWIRE) -- David Zane has joined the MGP Ingredients (Nasdaq: MGPI) spirits brands team as market manager in Texas, bolstering MGP’s position in this key market. He brings nearly 20 years’ experience in the Lone Star State as a marketing and sales leader in beer, wine and spirits, including a focus on sales training in diverse markets around the world. Zane also has specialized financial acumen related to the alcoholic beverage industry.

David Zane joins MGP as part of brand portfolio expansion in Texas

MGP Ingredients is sinking after management released disappointing preliminary results -- here are the details investors need to know.

Why MGP Ingredients Shares Plunged Over 30% Friday Morning

ATCHISON, Kan., Jan.  17, 2020  (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, reported today that based on preliminary financial information, it expects to deliver the following financial results for the full year ended December 31, 2019:

MGP Ingredients Provides Preliminary Full Year 2019 Financial Results

MGP Ingredients Or Facebook: You Say Which The Better Choice

He brings global experience He brings global experience

MGP Adds James Hewlette to International Beverage Alcohol Sales Team 

MGP Ingredients, Inc. (MGPI) CEO Gus Griffin on Q3 2019 Results - Earnings Call Transcript

MGP (MGPI) delivered earnings and revenue surprises of -28.36% and -8.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

MGP (MGPI) Lags Q3 Earnings and Revenue Estimates

ATCHISON, Kan., Oct.  31, 2019  (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its board of directors has declared a quarterly dividend of $0.10 cents per share of common stock.

MGP Ingredients Declares $0.10 Quarterly Dividend

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Walsh Skelly brings global distilled spirits industry experience Walsh Skelly brings global distilled spirits industry experience

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ATCHISON, Kan., Aug.  21, 2019  (GLOBE NEWSWIRE) -- Attorney and environmental health and safety leader Randy Simmons has joined MGP Ingredients, Inc., (Nasdaq: MGPI) in the new role of corporate director of Environmental Health and Safety. He will represent the company with regulatory agencies and champion the employee-driven SafetyUp process, while assuming overall responsibility for EHS managers and their teams.

Randy Simmons to Lead MGP’s Environmental, Health and Safety Programs

MGP Ingredients, Inc. (MGPI) CEO Gus Griffin on Q2 2019 Results - Earnings Call Transcript

MGP (MGPI) delivered earnings and revenue surprises of -11.54% and -2.48%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

MGP (MGPI) Q2 Earnings and Revenues Lag Estimates

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News for MGP Ingredients Stock (MGPI)