Mgp Ingredients Inc's Suppliers recorded an increase in sales by 3.26 % year on year in Q1 2026, sequentially sales grew by 5.34 %, Mgp Ingredients Inc's cost of sales deteriorated by -7.69 % year on year, relative to one quarter ago cost of sales fell by -20 % in Q1.
Mgp Ingredients Inc's Suppliers recorded an increase in sales by 3.26 % year on year in Q1 2026, sequentially sales grew by 5.34 %, Mgp Ingredients Inc's cost of sales deteriorated by -7.69 % year on year, compare to one quarter ago cost of sales fell by -20 % in Q1.
Historically, our output has been transported to customers by truck and rail,
most of which is provided by common carriers. We use third party transportation
companies to help us manage truck and rail carriers who deliver our products to
our North American customers. As of December 31, 2015, we leased 200 rail cars
under operating leases.
Our principal distillery products segment raw materials are corn and other
grains (including rye, barley, wheat, barley malt, and milo), which are processed
into food grade alcohol and distillery co-products consisting of distillers
feed, fuel grade alcohol, and corn oil. Our principal ingredient solutions segment
raw material is wheat flour, which is processed into starches and proteins.
The cost of grain has at times been subject to substantial fluctuation.
In 2015, we purchased most of our grain requirements from two suppliers, Bunge
Milling and Consolidated Grain and Barge ("CGB"). Our current grain
supply contracts with Bunge Milling and CGB both expire December 31, 2017. These
contracts permit us to purchase grain for delivery up to 12 months into the
future at negotiated prices, based on a formula using several factors. We also
order wheat flour anywhere from one to 12 months into the future. We provide
for our wheat flour requirements through a supply contract with Ardent Mills,
which has a term that expires July 10, 2019. We typically enter contracts for
future delivery only to protect margins on contracted alcohol sales, expected
ingredient sales, and general usage.
Our principal packaging material for our distillery products segment is oak
barrels. Both new and used barrels are utilized for the aging of premium bourbon
and rye whiskeys. We purchase oak barrels from multiple suppliers and some customers
supply their own barrels.
Mgp Ingredients Inc's Comment on Supply Chain
Historically, our output has been transported to customers by truck and rail,
most of which is provided by common carriers. We use third party transportation
companies to help us manage truck and rail carriers who deliver our products to
our North American customers. As of December 31, 2015, we leased 200 rail cars
under operating leases.
Our principal distillery products segment raw materials are corn and other
grains (including rye, barley, wheat, barley malt, and milo), which are processed
into food grade alcohol and distillery co-products consisting of distillers
feed, fuel grade alcohol, and corn oil. Our principal ingredient solutions segment
raw material is wheat flour, which is processed into starches and proteins.
The cost of grain has at times been subject to substantial fluctuation.
In 2015, we purchased most of our grain requirements from two suppliers, Bunge
Milling and Consolidated Grain and Barge ("CGB"). Our current grain
supply contracts with Bunge Milling and CGB both expire December 31, 2017. These
contracts permit us to purchase grain for delivery up to 12 months into the
future at negotiated prices, based on a formula using several factors. We also
order wheat flour anywhere from one to 12 months into the future. We provide
for our wheat flour requirements through a supply contract with Ardent Mills,
which has a term that expires July 10, 2019. We typically enter contracts for
future delivery only to protect margins on contracted alcohol sales, expected
ingredient sales, and general usage.
Our principal packaging material for our distillery products segment is oak
barrels. Both new and used barrels are utilized for the aging of premium bourbon
and rye whiskeys. We purchase oak barrels from multiple suppliers and some customers
supply their own barrels.
MGPI's Suppliers Net profit fell by
MGPI's Suppliers Net margin fell in Q1 to
-5.04 %
3.11 %
MGPI's Suppliers Net profit fell by -5.04 %
MGPI's Suppliers Net margin fell in Q1 to 3.11 %
Mgp Ingredients Inc's Suppliers Sales Growth
in Q1 2026 by Industry
Sources:
Mgp Ingredients Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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