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Mgp Ingredients Inc   (MGPI)
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Price: $79.7500 $1.57 2.008%
Day's High: $80.425 Week Perf: -12.26 %
Day's Low: $ 77.42 30 Day Perf: -6.93 %
Volume (M): 733 52 Wk High: $ 124.96
Volume (M$): $ 58,481 52 Wk Avg: $100.27
Open: $78.49 52 Wk Low: $75.78



 Market Capitalization (Millions $) 1,768
 Shares Outstanding (Millions) 22
 Employees 293
 Revenues (TTM) (Millions $) 836
 Net Income (TTM) (Millions $) 107
 Cash Flow (TTM) (Millions $) -30
 Capital Exp. (TTM) (Millions $) 55

Mgp Ingredients Inc

MGP is a leading producer and supplier of premium distilled spirits and specialty wheat proteins and starches. Distilled spirits include premium bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company’s proteins and starches provide a host of functional, nutritional and sensory benefits for a wide range of food products to serve the packaged goods industry. MGP is also a top producer of high quality industrial alcohol for use in both food and non-food applications. Our distillery products are derived from corn and other grains (including rye, barley, wheat, barley malt, and milo), and our ingredient products are derived from wheat flour. The majority of our sales are made directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries.


Distillery Products Segment - We process corn and other grains into food grade alcohol and distillery co-products, such as distillers feed (commonly called dried distillers grain in the industry), fuel grade alcohol, and corn oil. We also provide warehouse services, including barrel put away, barrel storage, and barrel retrieval services. We have certain contracts with customers to supply distilled products (or "distillate"), as well as certain contracts with customers to provide barreling and warehousing services. Contracts with customers may be monthly, annual, and multi-year with periodic review of pricing. Sales of fuel grade alcohol are made on the spot market. During 2015, our five largest distillery products customers, combined, accounted for about 23.3 percent of our consolidated net sales.

Food Grade Alcohol - The majority of our distillery capacities are dedicated to the production of high quality, high purity food grade alcohol for beverage and industrial applications.

Food grade alcohol sold for beverage applications consists primarily of premium bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. Our premium bourbon is created by distilling grains, primarily corn. Our whiskey is made from fermented grain mash, including rye and corn. Our whiskeys are primarily sold as unaged new distillate, which are then aged by our customers from two to four years and are sold at various proof concentrations. Grain neutral spirits are sold in bulk quantities at various proof concentrations. Our gin is created by redistilling grain neutral spirits together with proprietary customer formulations of botanicals or botanical oils.

Food-grade industrial alcohol is used as an ingredient in foods (e.g., vinegar and food flavorings), personal care products (e.g., hair sprays and hand sanitizers), cleaning solutions, pharmaceuticals, and a variety of other products. We sell food-grade industrial alcohol in tank truck or rail car quantities direct to a number of industrial processors.

Distillers Feed and related Co-Products - The bulk alcohol co-products sales include distillers feed, fuel grade alcohol, and corn oil. Distillers feed is principally derived from the mash from alcohol processing operations. The mash is dried and sold primarily to processors of animal feeds as a high protein additive. We produce fuel grade alcohol as a co-product of our food grade alcohol business at our distillery in Atchison. We produce corn oil as a value-added co-product through a corn oil extraction process.

Fuel grade alcohol is sold primarily for blending with gasoline to increase the octane and oxygen levels of the gasoline. As an octane enhancer, fuel grade alcohol can serve as a substitute for lead and petroleum-based octane enhancers. As an oxygenate, fuel grade alcohol has been used in gasoline to meet certain environmental regulations and laws relating to air quality by reducing carbon monoxide, hydrocarbon particulates and other toxic emissions generated from the burning of gasoline.

Warehouse revenue - Customers who purchase unaged barreled whiskey distillate may, and in most cases do, also enter into separate warehouse service agreements with us for the storage of product for aging that include services for barrel put away, barrel storage and barrel retrieval. Revenue from warehousing services is recognized upon providing the service and/or over the passage of time, as in the case of storage fees.

Ingredient Solutions Segment - Our ingredient solutions segment consists primarily of specialty wheat starches, specialty wheat proteins, commodity wheat starch and commodity wheat protein. Contracts with ingredients customers are generally price, volume, and term agreements which are fixed for three or six month periods, with very few agreements of 12 months duration or more.

Specialty Wheat Starches - Wheat starch constitutes the carbohydrate-bearing portion of wheat flour. We produce a premium wheat starch powder by extracting the starch from the starch slurry, substantially free of all impurities and fibers, and then dry the starch in spray, flash or drum dryers.

A substantial portion of our premium wheat starch is altered during processing to produce certain unique specialty wheat starches designed for special applications. We sell our specialty starches on a global basis, primarily to food processors and distributors.

We market our specialty wheat starches under the trademarks Fibersym® Resistant Starch series, FiberRite® RW Resistant Starch, Pregel® Instant Starch series, and Midsol® Cook-up Starch series. They are used primarily for food applications as an ingredient in a variety of food products to affect their nutritional profile, appearance, texture, tenderness, taste, palatability, cooking temperature, stability, viscosity, binding and freeze-thaw characteristics. Important physical properties contributed by wheat starch include whiteness, clean flavor, viscosity and texture. For example, our starches are used to improve the taste and texture of cream puffs, éclairs, puddings, pie fillings, breading and batters; to improve the size, symmetry and taste of angel food cakes; to alter the viscosity of soups, sauces and gravies; to improve the freeze-thaw stability and shelf life of fruit pies and other frozen foods; to improve moisture retention in microwavable foods; and to add stability and to improve spreadability in frostings, mixes, glazes and sugar coatings.

Our wheat starches, as a whole, generally compete primarily with corn starch, which dominates the United States starch market. However, the unique characteristics of our specialty wheat starches provide a number of advantages over corn and other starches for certain baking and other end uses.

Specialty Wheat Proteins - We have developed a number of specialty wheat proteins for food applications. Specialty wheat proteins are derived from vital wheat gluten through a variety of proprietary processes which change its molecular structure. Specialty wheat proteins for food applications include products in the Arise® , Optein®, and Trutex®. Our specialty wheat proteins generally compete with other ingredients and modified proteins having similar characteristics, primarily soy proteins and other wheat proteins, with differentiation being based on factors such as functionality, price and, in the case of food applications, flavor.




   Company Address: 100 Commercial Street, Box 130 Atchison 66002 KS
   Company Phone Number: 367-1480   Stock Exchange / Ticker: NASDAQ MGPI
    Next quarterly dividend pay out on April 05, 2024.


Customers Net Income grew by MGPI's Customers Net Profit Margin grew to

184.94 %

8.78 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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SEB   -2.53%    
STZ        1.39% 
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Dividend

MGPIngredients, Inc. Strengthens Position with Quarterly Dividend Declaration

Published Thu, Feb 22 2024 12:25 PM UTC

MGPIngredients, Inc. Declares Quarterly Dividend for Common Stock
ATCHISON, Kan., Feb. 22, 2024 ?? MGPIngredients, Inc. (Nasdaq: MGPI), a top provider of distilled spirits, branded spirits, and food ingredient solutions, has recently announced that its board of directors has approved a quarterly dividend of $0.12 cents per share of common stock. This decision follows the...

Mgp Ingredients Inc

Strong Double Digit EPS Growth Propels Mgp Ingredients Inc to Impressive Financial Results and Quarterly Dividend Declaration in Fiscal Year 2023

MGP Ingredients Inc Reports Strong Financial Results and Declares Quarterly Dividend
Atchison, Kan. - MGP Ingredients Inc (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, has reported impressive financial results for the fiscal year ending December 31, 2023. The company's profit per share soared by 36.57% to $1.38 per share, accompanied by a revenue increase of 12.177% to $214.25 million, compared to the prior year period.
Compared to the preceding reporting season, MGP Ingredients Inc's earnings per share more than doubled by 138.28% from $0.58 per share, and their revenue advanced by 1.327% from $211.45 million. The company's net earnings also showed strong growth, with $31.046 million in the fiscal year ending December 31, 2023, reflecting a 37.91% increase from the net earnings of $22.511 million reported a year ago.

Mgp Ingredients Inc

MGPI's EPS Plummets by 45% in Q3 2023, Despite Revenue Increase

MGPI (Mgp Ingredients Inc) recently announced its financial earnings for the three months ending September 30, 2023, with some contradictory results. While the company saw a 5.122% increase in revenue to $211.45 million compared to the previous year, its income per share plummeted by -45.28% to $0.58 per share, down from $1.06 in the prior year.
Despite these mixed results, MGPI seems to have outperformed its industry peers in the Alcoholic Beverages sector, as the industry only experienced a 0.86% revenue growth during the same period. Additionally, MGPI's revenue grew by 1.171% from $209.00 million in the previous reporting period, although its profit took a hit, decreasing by -59.72% to $1.44 per share.

Mgp Ingredients Inc

MGP Ingredients Inc Showcase Stellar Performance in Q2 2023; Revenue Jumps 7.19% Defying Alcoholic Beverages Industry Trend

/>MGP Ingredients Inc., an Alcoholic Beverages company, reported excellent financial results with significant revenue and income growth in the most recent fiscal period. This performance is particularly notable as it defies the prevailing trend within the Alcoholic Beverages sector, where many industry peers are experiencing declining businesses. MGP Ingredients Inc.'s positive financial results serve as a testament to its ability to outperform competitors despite challenging market conditions.
Financial Results Overview:
1. Revenue Increased:
In the most recent fiscal period, MGP Ingredients Inc. witnessed a 7.19% increase in revenue, reaching $209.00 million compared to $194.98 million in the previous year. This indicates a strong sales performance and highlights the company's ability to attract and retain customers.

Mgp Ingredients Inc

MGP Ingredients Inc Defies Industry Trends with Impressive ROE Amid Soft Revenue Advance in Q1 2023

Mgp Ingredients Inc, a leading producer of specialty wheat proteins and starches, has reported a return on equity (ROE) of 13.91% for its first quarter of 2023. While this figure is lower than the company's average ROE of 19.18%, it still ranks as the highest return on equity among its competitors in the alcoholic beverages industry.
Despite a healthy increase in net income of 37.85% from the previous quarter, Mgp Ingredients Inc's ROE diminished in comparison to the fourth quarter of 2022. However, the company's overall ROE ranking has improved significantly in the first quarter of 2023, moving from 1,114 to 422.






 

Mgp Ingredients Inc's Segments
 
 
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Mgp Ingredients Inc does not provide revenue guidance.

Earnings Outlook
Mgp Ingredients Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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