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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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.

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MGP (MGPI) is on the Move, Here's Why the Trend Could be Sustainable

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MGP Ingredients, Inc. (NASDAQ:MGPI ) Q2 2023 Results Conference Call August 3, 2023 10:00 AM ET Company Participants Mike Houston - Investor Relations Dave Colo - President & Chief Executive Officer Brandon Gall - Vice President-Finance & Chief Financial Officer Conference Call Participants Gerald Pascarelli - Wedbush Vivien Azer - Cowen & Company Sean McGowan - ROTH MKM Marc Torrente - Wells Fargo Bill Chappell - Truist Securities Mitch Pinheiro - Sturdivant Operator Good morning, and welcome to the MGP Ingredients Second Quarter 2023 Earnings Results Conference Call. All participants will be in listen-only mode.

MGP Ingredients, Inc. (MGPI) Q2 2023 Earnings Call Transcript

MGP (MGPI) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.15 per share a year ago.

MGP (MGPI) Q2 Earnings and Revenues Top Estimates

Consolidated sales increased 7% to a quarterly record of $209.0 million; Net income and adjusted EBITDA increased 26% and 28%, respectively

MGP Ingredients Reports Record Second Quarter 2023 Results

ATCHISON, Kan., July 20, 2023 (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 second quarter ended June 30, 2023, on Thursday, August 3, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning.

MGP Ingredients Schedules Second Quarter 2023 Conference Call/Webcast for Thursday, August 3

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ATCHISON, Kan., July 13, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced the planned closure of its distillery in Atchison, Kansas, with the anticipated closure date estimated to be January 2024. The distillery is responsible for producing grain neutral spirits and industrial alcohol products as well as their related co-products.

MGP Ingredients Announces Planned Closure of Grain Neutral Spirits and Industrial Alcohol Distillery in Atchison, Kansas

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MGP (MGPI) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.69 per share a year ago.

MGP (MGPI) Q1 Earnings and Revenues Surpass Estimates

Consolidated sales increased 3% from prior year period Continued strength across each business segment ATCHISON, Kan., May 04, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today reported results for the first quarter ended March 31, 2023.

MGP Ingredients Reports Strong First Quarter 2023 Results

ATCHISON, Kan., April 20, 2023 (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 first quarter ended March 31, 2023, on Thursday, May 4, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning.

MGP Ingredients Schedules First Quarter 2023 Conference Call/Webcast for Thursday, May 4

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The consensus price target hints at a 27.4% upside potential for MGP (MGPI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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MGP Ingredients, Inc. (NASDAQ:MGPI ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants Mike Houston – Investor Relations Dave Colo – President and Chief Executive Officer Brandon Gall – Vice President-Finance and Chief Financial Officer Conference Call Participants Vivien Azer – Cowen Marc Torrente – Wells Fargo Ben Klieve – Lake Street Capital Markets Bill Chappell – Truist Securities Sean McGowan – ROTH Gerald Pascarelli – Wedbush Securities Mitch Pinheiro – Sturdivant & Co. Operator Good day, and welcome to the MGP Ingredients Fourth Quarter and Full Year 2022 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

MGP Ingredients, Inc. (MGPI) Q4 2022 Earnings Call Transcript

MGP (MGPI) delivered earnings and revenue surprises of 16.09% and 2.80%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

MGP (MGPI) Tops Q4 Earnings and Revenue Estimates

Full year consolidated sales increased 25% from prior year period Full year net income and adjusted EBITDA both increased 20%

MGP Ingredients Reports Strong Fourth Quarter and Full Year 2022 Results

ATCHISON, Kan., Feb. 23, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock.

MGP Ingredients Declares $0.12 QUARTERLY Dividend

ATCHISON, Kan., Feb. 06, 2023 (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, 2022, on Thursday, February 23, 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 2022 Conference Call/Webcast for Thursday, February 23

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