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.

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Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q3 2024

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) Q4 Earnings Expected to Decline

MGP Ingredients Inc (NASDAQ: MGPI) said it had begun a $12 million barrel warehouse expansion to meet growing consumer demand for its American whiskey.  The company noted construction of the new barrel warehouse facility has begun in Williamstown, Kentucky.

MGP Ingredients Begins $12M Barrel Warehouse Expansion In Kentucky

ATCHISON, Kan., Feb. 17, 2022 /PRNewswire/ -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled and branded spirits and food ingredient solutions, announced it has begun a $12 million barrel warehouse expansion to meet growing consumer demand for its American whiskey.

MGP Ingredients Announces $12 Million Barrel Warehouse Expansion to Meet Robust American Whiskey Demand

ATCHISON, Kan., Feb. 10, 2022 /PRNewswire/ -- MGP Ingredients, Inc., (Nasdaq: MGPI) a leading provider of specialty proteins and starches, announced that its Arise® wheat protein isolates have been certified as low FODMAP ingredients by Monash University.

Arise® Wheat Protein Isolates from MGP Receive low FODMAP Certification from Monash University

ATCHISON, Kan., Feb. 07, 2022 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the fourth quarter and full year ended December 31, 2021, on Thursday, February 24, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning.

MGP Ingredients Schedules Fourth Quarter And Full Year 2021 Conference Call/Webcast For Thursday, February 24

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MGP (MGPI) possesses solid growth attributes, which could help it handily outperform the market.

3 Reasons Growth Investors Will Love MGP (MGPI)

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The shares of MGP Ingredients Inc (NASDAQ: MGPI) have received a $100 price target from Truist. These are the details.

MGP Ingredients (MGPI) Stock: $100 Price Target From Truist

Truist analyst Bill Chappell upgraded MGP Ingredients Inc (NASDAQ:MGPI) to Buy from Hold with a price target of $100, up from $80, implying a 27% upside. The analyst cited the company's presentations from the recent analyst day and the strong year-to-date performance, adding that its legacy business should post solid and consistent performance for the foreseeable future.

Truist Turns Bullish On This Distiller, Bumps Up Price Target By 25%

ATCHISON, Kan., Nov. 10, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI) (the “Company” or “MGP”), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced the pricing of its offering of $175,000,000 aggregate principal amount of 1.875% convertible senior notes due 2041 (the “Notes”) in a previously announced private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the Notes are scheduled to settle on November 16, 2021, subject to customary closing conditions. MGP also granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $26,250,000 aggregate principal amount of the Notes, solely to cover over-allotments.

MGP Ingredients Prices Offering of $175 Million of Convertible Senior Notes Due 2041

ATCHISON, Kan., Nov. 09, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI) (the “Company” or “MGP”), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced its intention to offer, subject to market and other conditions, $175,000,000 aggregate principal amount of convertible senior notes due 2041 (the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, MGP also expects to grant the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $26,250,000 aggregate principal amount of the Notes, solely to cover over-allotments.

MGP Ingredients Announces Proposed Private Offering of $175 Million of Convertible Senior Notes

MGP (MGPI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for MGP (MGPI) Stock

MGP Ingredient, Inc. (MGPI) CEO Dave Colo on Q3 2021 Results - Earnings Call Transcript

MGP (MGPI) delivered earnings and revenue surprises of 172.50% and 19.25%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

MGP (MGPI) Surpasses Q3 Earnings and Revenue Estimates

Increases full-year 2021 guidance Strong execution in each business segment led to record results

MGP Ingredients Reports Record Third Quarter 2021 Results

ATCHISON, Kan., Oct. 20, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the third quarter ended September 30, 2021, on Wednesday, November 3, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning.

MGP Ingredients Schedules Third Quarter 2021 Conference Call/Webcast for Wednesday, November 3

ST. LOUIS, Aug. 26, 2021 /PRNewswire/ -- Lux Row Distillers announced the release of Blood Oath Trilogy – Second Edition, the latest collection of limited-release bourbons, or "Pacts," created by Lux Row Master Distiller John Rempe. Featuring 750 ml bottles of Pacts 4, 5 and 6, this latest Trilogy has a limited supply of 1,400 sets, and its $799 suggested retail price reflects the quality and scarcity of these bourbons.

Lux Row Distillers releases the second edition of its Blood Oath Trilogy featuring Pacts 4, 5 and 6

ST. LOUIS, Aug. 23, 2021 /PRNewswire/ -- Luxco announced Rossville Union Single Barrel selections are bottled and on the way to participating retailers. Customized bottles of the straight rye whiskey, bearing the names of participating retail accounts, will arrive in August, just in time for National Rye Month.

Rossville Union Single Barrel selections are headed to retailers

MGP Ingredient, Inc. (MGPI) CEO Dave Colo on Q2 2021 Results - Earnings Call Transcript

MGP Ingredients Inc (NASDAQ: MGPI) reported second-quarter FY21 sales growth of 89% year-on-year, to $174.94 million, beating the analyst consensus of $145.33 million. Sales in the distillery products segment rose 20.8%, and Ingredient solutions gained 39.1%.

MGP Ingredients Stock Jumps On Strong Q2 results, Upbeat FY21 Outlook

MGP (MGPI) delivered earnings and revenue surprises of 195.35% and 82.61%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

MGP (MGPI) Surpasses Q2 Earnings and Revenue Estimates

Shares of MGP Ingredients (NASDAQ:MGPI) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 135.19% over the past year to $1.27, which beat the estimate of $0.59.

MGP Ingredients: Q2 Earnings Insights

Quarterly results led by record performance in each of the three business segments Quarterly results led by record performance in each of the three business segments

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