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 Q1 2024

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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.

NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MGP Ingredients, Inc. ("MGP Ingredients, Inc.") (NASDAQ:MGPI) concerning possible violations of federal securities laws. MGP Ingredients announced on October 17, 2024, a revised full year 2024 guidance and released preliminary financial results for the third quarter ended September 30, 2024, revealing that that the Company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023.

ATTENTION MGP Ingredients, Inc. Investors: You May Have Been Affected by Fraud - Contact Levi & Korsinsky to Discuss Your Rights

MGP Ingredients, Inc. (NASDAQ:MGPI ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Amit Sharma - VP, IR David Bratcher - CEO & President Brandon Gall - VP, Finance & CFO Conference Call Participants Bill Chappell - Truist Securities Robert Moskow - TD Cowen Marc Torrente - Wells Fargo Ben Klieve - Lake Street Sean McGowan - ROTH Capital Markets Mitch Pinheiro - Sturdivant Operator Good morning, and welcome to the MGP Ingredients Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

MGP Ingredients, Inc. (MGPI) Q3 2024 Earnings Call Transcript

NEW YORK, NY / ACCESSWIRE / October 31, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MGP Ingredients, Inc. ("MGP Ingredients, Inc.") (NASDAQ:MGPI) concerning possible violations of federal securities laws. MGP Ingredients announced on October 17, 2024, a revised full year 2024 guidance and released preliminary financial results for the third quarter ended September 30, 2024, revealing that that the Company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023.

Did MGP Ingredients, Inc. Mislead Investors? Shareholder Rights Advocates at Levi & Korsinsky Investigate - MGPI

NEW YORK, NY / ACCESSWIRE / October 31, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MGP Ingredients, Inc. ("MGP Ingredients" or "the Company") (NASDAQ:MGPI). Investors who purchased MGP Ingredients securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MGPI.

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against MGP Ingredients, Inc. (MGPI) And Encourages Investors to Reach Out

MGP Ingredients, Inc. Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - MGPI

While the top- and bottom-line numbers for MGP (MGPI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MGP (MGPI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

MGP (MGPI) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.34 per share a year ago.

MGP (MGPI) Tops Q3 Earnings Estimates

ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the third quarter ended September 30, 2024. “Our third quarter performance was in line with the preliminary results we provided on October 17. In response to the softening American whiskey category trends and elevated industry-wide barrel inventories, in 2025 we plan to further lower our net aging whiskey put away, s.

MGP Ingredients Reports Third Quarter 2024 Results

ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 per share of common stock. The dividend is payable on November 29, 2024 to stockholders of record as of November 15, 2024. About MGP Ingredients, Inc. MGP Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium branded and distilled spirits,.

MGP Ingredients Declares $0.12 Quarterly Dividend

NEW YORK, NY / ACCESSWIRE / October 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MGP Ingredients, Inc. ("MGP Ingredients, Inc.") (NASDAQ:MGPI) concerning possible violations of federal securities laws. MGP Ingredients announced on October 17, 2024, a revised full year 2024 guidance and released preliminary financial results for the third quarter ended September 30, 2024, revealing that that the Company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023.

MGP Ingredients, Inc. Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - MGPI

RADNOR, Pa. , Oct. 30, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of MGP Ingredients, Inc. (NASDAQ: MGPI) ("MGP Ingredients").

MGPI Investigation Notice: Kessler Topaz Meltzer & Check, LLP Encourages MGP Ingredients, Inc. (NASDAQ: MGPI) Investors with Significant Losses to Contact the Firm

NEW YORK, NY / ACCESSWIRE / October 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MGP Ingredients, Inc. ("MGP Ingredients, Inc.") (NASDAQ:MGPI) concerning possible violations of federal securities laws. MGP Ingredients announced on October 17, 2024, a revised full year 2024 guidance and released preliminary financial results for the third quarter ended September 30, 2024, revealing that that the Company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023.

Lost Money on MGP Ingredients, Inc.(MGPI)? Contact Levi & Korsinsky Regarding an Ongoing Investigation

Investors who Lost Money on MGP Ingredients, Inc. Should Contact Levi & Korsinsky About an Ongoing Investigation - MGPI

NEW YORK, NY / ACCESSWIRE / October 28, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MGP Ingredients, Inc. ("MGP Ingredients, Inc.") (NASDAQ:MGPI) concerning possible violations of federal securities laws. MGP Ingredients announced on October 17, 2024, a revised full year 2024 guidance and released preliminary financial results for the third quarter ended September 30, 2024, revealing that that the Company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023.

Levi & Korsinsky Reminds MGP Ingredients, Inc. Investors of the Ongoing Investigation into Potential Violations of Securities Laws - MGPI

RADNOR, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of MGP Ingredients, Inc. (NASDAQ: MGPI) (“MGP Ingredients”).

NASDAQ: MGPI Investigation: Kessler Topaz Meltzer & Check, LLP Encourages MGP Ingredients, Inc. (NASDAQ: MGPI) Investors with Significant Losses to Contact the Firm

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.

Analysts Estimate MGP (MGPI) to Report a Decline in Earnings: What to Look Out for

RADNOR, Pa. , Oct. 23, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of MGP Ingredients, Inc. (NASDAQ: MGPI) ("MGP Ingredients").

NASDAQ: MGPI Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Encourages MGP Ingredients, Inc. (NASDAQ: MGPI) Investors with Significant Losses to Contact the Firm

NEW YORK, NY / ACCESSWIRE / October 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MGP Ingredients, Inc. ("MGP Ingredients, Inc.") (NASDAQ:MGPI) concerning possible violations of federal securities laws. MGP Ingredients announced on October 17, 2024, a revised full year 2024 guidance and released preliminary financial results for the third quarter ended September 30, 2024, revealing that that the Company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023.

Levi & Korsinsky Announces an Investigation on Behalf of MGP Ingredients, Inc. (MGPI) Shareholders Who May Have Been Affected by Fraud

RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of MGP Ingredients, Inc. (NASDAQ: MGPI) (“MGP Ingredients”). On October 17, 2024, MGP Ingredients revised its full year 2024 guidance and released its preliminary financial results for the third quarter ended September 30, 2024. In the results, MGP Ingredients revealed that the company expects de.

NASDAQ: MGPI Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages MGP Ingredients, Inc. (NASDAQ: MGPI) Investors with Significant Losses to Contact the Firm

Investors can contact the law firm at no cost to learn more about recovering their losses

MGP Ingredients, Inc. Investors: Company Investigated by the Portnoy Law Firm

NEW YORK--(BUSINESS WIRE)---- $MGPI #CLASSACTIONLAWSUIT--The law firm of Kirby McInerney LLP is investigating potential claims against MGP Ingredients, Inc. (“MGP” or the “Company”) (NASDAQ: MGPI). The investigation concerns whether MGP and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On October 17, 2024, MGP announced that, for the third quarter of 2024, as compared to the third quarter of 2023: “.

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against MGP Ingredients, Inc. (MGPI)

MGPI issues soft preliminary results for the third quarter due to a decline in the alcohol spirits category and high industry-wide whiskey inventories.

MGP Ingredients Trims FY24 View as Preliminary Results Hint Soft Sales

ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether MGP Ingredients, Inc. (“MGP Ingredients” or the “Company”) (NASDAQ: MGPI) complied with federal securities laws. On October 17, 2024, MGP Ingredients announced revised full year 2024 guidance and released preliminary financial results for the third quarter ended September 30, 2024, revealing that that the Company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023. Following this news, the price of the Company's stock dropped.

SHAREHOLDER ALERT: Investigation of MGP Ingredients, Inc. (MGPI) Announced by Holzer & Holzer, LLC

The heavy selling pressure might have exhausted for MGP (MGPI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -26.22% in 4 Weeks, Here's Why the Trend Might Reverse for MGP (MGPI)

MGP Ingredients reported a preliminary -24% sales decline in Q3, showing weakness due to manufacturers' excess inventories, coupled with weaker-than-expected spirit drink consumption. The 2024 guidance was revised downwards, with sales now expected at $695-705 million and adjusted EPS at $5.55-5.65. With manufacturers' excess inventories and uncertain consumption, 2025 seems uncertain as well. The MGPI stock comes with a constituted margin of safety in its valuation, as the short- to mid-term outlook has become increasingly cloudy.

News for MGP Ingredients Stock (MGPI)