CSIMarket
 
Mgp Ingredients Inc   (NASDAQ: MGPI)
Other Ticker:  
 
 
Price: $31.8400 $-1.33 -4.010%
Day's High: $32.785 Week Perf: -5.83 %
Day's Low: $ 31.81 30 Day Perf: -13.15 %
Volume (M): 259 52 Wk High: $ 92.91
Volume (M$): $ 8,240 52 Wk Avg: $69.45
Open: $32.70 52 Wk Low: $31.81



 Market Capitalization (Millions $) 703
 Shares Outstanding (Millions) 22
 Employees 209
 Revenues (TTM) (Millions $) 735
 Net Income (TTM) (Millions $) 108
 Cash Flow (TTM) (Millions $) -7
 Capital Exp. (TTM) (Millions $) 66

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 Atchison, 66002 KS
   Company Phone Number: 367-1480   Stock Exchange / Ticker: NASDAQ MGPI


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

60.48 %

3.11 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BEAM        3.33% 
BFA        3.33% 
EAST        3.33% 
SEB        5.89% 
STZ   -4.31%    
• View Complete Report
   



Announcement

Legal Landscape Shifts for MGP Ingredients Investor Vigilance Required Amid Declining Stock Performance,

Published Tue, Feb 4 2025 8:02 PM UTC

Investors on Alert: MGP Ingredients Faces Class Action Deadline Amidst Poor Stock Performance In a significant reminder for shareholders, the Rosen Law Firm has announced that investors of MGP Ingredients, Inc. (NASDAQ: MGPI) have a critical deadline approaching in a securities class action lawsuit. Those who purchased common stock between May 4, 2023, and October 30, 2024, ...

Announcement

MGP Ingredients, Inc. Investors Urged to Act Quickly Amid Declining Revenues and Class Action Deadline

Published Tue, Jan 21 2025 10:16 AM UTC

In the ever-evolving landscape of the food and ingredients industry, MGP Ingredients, Inc. (NASDAQ: MGPI) is facing scrutiny from its investors following a recent series of financial disclosures. As a global law firm specializing in investor rights, Rosen Law Firm is urging stockholders who acquired shares between May 4, 2023, and October 30, 2024, to act promptly and secure...

Announcement

Legal Woes Mount for MGP Ingredients as Inventory Challenges Persist

Published Fri, Dec 20 2024 7:34 PM UTC

In a significant development for shareholders and observers in the business world, a class action lawsuit has been filed against MGP Ingredients, Inc. (NASDAQ: MGPI). DiCello Levitt LLP, the law firm spearheading this action, is urging investors who have incurred financial losses to explore their legal options. The lawsuit encompasses individuals and entities that purchased ...

Mgp Ingredients Inc

MGP Ingredients Inc. Reports Significant 84.48% Increase in Income Despite Revenue Decline in Q3 2024

MGP Ingredients Inc: A Deep Dive into Recent Performance and Market Position MGP Ingredients Inc., a prominent player in the food and beverage sector, particularly known for its distilled spirits and food ingredient solutions, has recently released its fiscal results for the third quarter of 2024, showing a notable dichotomy between income growth and declining revenues. This article aims to provide an in-depth analysis of the company?s financial performance, market position, and future prospects. Financial Performance Overview Income and Earnings TrajectoryIn the most recent fiscal period, MGP Ingredients reported an impressive increase in earnings, with income per share soaring by 84.48% to $1.07. This remarkable growth stands in stark contrast to the company's revenue, which experienced a significant decline of 23.946%, dropping to $160.82 million compared to the previous year. The $1.07 earnings per share (EPS) signals a robust profit growth against the backdrop of dwindling sales, a situation that often puzzles investors and analysts alike.

Dividend

MGP Ingredients Announces Quarterly Dividend, Reflecting Growth and Commitment to Shareholders

Published Thu, Aug 1 2024 11:25 AM UTC

MGP Ingredients Declares Quarterly Dividend: A Strategic Move Amidst Growing Market Opportunities
In a significant move that underscores its commitment to shareholder value, MGP Ingredients, Inc. (Nasdaq: MGPI), a prominent player in the branded and distilled spirits market, as well as food ingredient solutions, announced on August 1, 2024, a quarterly dividend of $0.12...







Mgp Ingredients Inc's Segments
Distilling Solutions    44.72 % of total Revenue
Branded Spirits    38.94 % of total Revenue
Ingredient Solutions    16.74 % of total Revenue
Distilling Solutions Brown goods    35.51 % of total Revenue
Distilling Solutions Warehouse services    5.14 % of total Revenue
Distilling Solutions White goods and other co-products    4.07 % of total Revenue
Branded Spirits Premium plus    19.33 % of total Revenue
Branded Spirits Mid    9.2 % of total Revenue
Branded Spirits Value    6.24 % of total Revenue
Branded Spirits Other    4.18 % of total Revenue
Ingredient Solutions Specialty wheat starches    10.06 % of total Revenue
Ingredient Solutions Specialty wheat proteins    4.82 % of total Revenue
Ingredient Solutions Commodity wheat starches    1.62 % of total Revenue
Ingredient Solutions Commodity wheat proteins    0.24 % of total Revenue

  Mgp Ingredients Inc Outlook

On October 17 2024 the Mgp Ingredients Inc provided following guidance

nnMGP Ingredients Inc. Offers Initial Insights into Q3 2024 Performance and Revises Full-Year 2024 Forecastnn

MGP Ingredients Inc. has shared preliminary results for the third quarter of 2024, along with updates on its financial projections for the entire fiscal year. While the company has outlined its expectations for 2024, the breakdown of these forecasts has not been detailed in the current communication.

In addition, MGP Ingredients has scheduled a webcast for its earnings conference call to discuss the third quarter results, which is set to take place on October 31. This event will provide an opportunity for investors and stakeholders to gain further insight into the company's performa...





Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2025 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com