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 2023

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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.

Full year consolidated sales increased 9.0% from prior year period Full year operating income increased 14.8%; Adjusted operating income up 20.9%

MGP Ingredients Reports Strong Fourth Quarter and Full Year 2020 Results

Kavanagh brings three decades of experience in European markets Kavanagh brings three decades of experience in European markets

MGP Bolsters International Spirits Sales Team with Tony Kavanagh Hiring

ATCHISON, Kan., Feb. 11, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that it will hold a conference call/webcast to discuss results for the fourth quarter and full year ended December 31, 2020, on Thursday, February 25, 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 2020 Conference Call/Webcast for Thursday, February 25

ATCHISON, Kan., Feb. 4, 2021 /PRNewswire/ -- MGP (Nasdaq: MGPI), has partnered with RNDC in Colorado to support the continued growth of their proprietary spirits brands: TILL American Wheat Vodka, George Remus Straight Bourbon Whiskey, Remus Repeal Reserve Straight Bourbon Whiskey,...

MGP Partners with RNDC as Exclusive Distributor in Colorado

ATCHISON, Kan., Feb. 2, 2021 /PRNewswire/ -- MGP (Nasdaq: MGPI), has partnered with Standard Beverage in Kansas to support the continued growth of their proprietary spirits brands. Based in Atchison, Kansas, MGP is proud to produce TILL American Wheat Vodka at their Kansas distillery, in...

MGP Partners with Standard Beverage in Kansas

Deal represents an enterprise value of $475 million comprised of equal parts cash and stock Deal represents an enterprise value of $475 million comprised of equal parts cash and stock

MGP Ingredients, Inc. Announces Definitive Merger Agreement with Luxco

Matt Greeno to lead Masters team, support product development Matt Greeno to lead Masters team, support product development

MGP Names First Lead Master Distiller

LAWRENCEBURG, Ind., Jan. 13, 2021 /PRNewswire/ -- MGP (Nasdaq: MGPI) has launched the New Year with the release of their 2021 Rossville Union Single Barrel Program. Known as the "Masters of Rye," MGP is the largest distiller of Rye Whiskey in the United States and has expanded this year's...

MGP Launches 2021 Rossville Union® Rye Single Barrel Program

ATCHISON, Kan., Dec. 17, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI) has hired Tanya Jeradechachai as a vice president of Ingredient Solutions R&D. Her experience in grain science and managing product development from concept to commercialization supports MGP's role helping customers succeed with fast-paced new product development.

Tanya Jeradechachai Joins MGP as a Vice President of Ingredient Solutions R&D

Rigorous audit applied to all MGP facilities Rigorous audit applied to all MGP facilities

MGP Again Earns Highest BRCGS Audit Score for Food and Beverage Safety

MGP Ingredients, Inc. (MGPI) CEO Dave Colo on Q3 2020 Results - Earnings Call Transcript

MGP (MGPI) delivered earnings and revenue surprises of 8.93% and 3.90%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

MGP (MGPI) Q3 Earnings and Revenues Beat Estimates

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.

MGP (MGPI) Earnings Expected to Grow: Should You Buy?

ATCHISON, Kan., Oct. 15, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. ( Nasdaq : MGPI ) , a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that it will hold a conference call/webcast to discuss results for the third quarter ended September 30, 2020, on Thursday, October 29, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning.

MGP Ingredients Schedules Third Quarter 2020 Conference Call/Webcast for Thursday, October 29

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She brings significant research in carbohydrate chemistry She brings significant research in carbohydrate chemistry

MGP Names Sarah Corwin Principal Scientist

ATCHISON, Kan., Sept.  16, 2020  (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of premium distilled spirits and specialty wheat proteins and starches, recently was recognized by Union Pacific Railroad with a 2019 Pinnacle Award for its commitment to safely transport chemical products.

MGP Receives Pinnacle Award from Union Pacific for Safely Transporting Chemicals by Rail

MGP Ingredients (MGPI) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

MGP Ingredients (MGPI) Looks Good: Stock Adds 5.4% in Session

She supports ProTerra® product development She supports ProTerra® product development

Yvette Hirang Joins MGP as Culinary Chef

Jeffrey Ruger brings 20 years’ CIO experience to this newly created role Jeffrey Ruger brings 20 years’ CIO experience to this newly created role

MGP Ingredients Hires New Vice President of Information Technology

ATCHISON, Kan., Aug.  26, 2020  (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of distilled spirits and specialty wheat proteins and starches, announced that Lori L.S. Mingus has been elected to the Board of Directors effective as of MGP’s annual meeting of stockholders on June 30, 2020.

Lori L.S. Mingus Joins MGP Ingredients Board of Directors

LAWRENCEBURG, Ind., Aug. 26, 2020 /PRNewswire/ -- MGP (Nasdaq: MGPI) has launched their first Single Barrel release for Rossville Union Rye.

MGP Debuts 2020 Barrels of Rossville Union® Single Barrel Rye Whiskey

MGP Ingredients, Inc. (MGPI) CEO Dave Colo on Q2 2020 Results - Earnings Call Transcript

MGP (MGPI) delivered earnings and revenue surprises of 14.89% and -3.58%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

MGP (MGPI) Surpasses Q2 Earnings Estimates

Operating income increased 4.3% from prior year period; Adjusted operating income up 11.5% Operating income increased 4.3% from prior year period; Adjusted operating income up 11.5%

News for MGP Ingredients Stock (MGPI)