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MGP Ingredients Q2 2023 Earnings Report

MGP Ingredients logo
$40.00 -1.80 (-4.31%)
(As of 12/20/2024 05:31 PM ET)

MGP Ingredients EPS Results

Actual EPS
$1.49
Consensus EPS
$1.25
Beat/Miss
Beat by +$0.24
One Year Ago EPS
$1.15

MGP Ingredients Revenue Results

Actual Revenue
$209.00 million
Expected Revenue
$205.30 million
Beat/Miss
Beat by +$3.70 million
YoY Revenue Growth
+7.20%

MGP Ingredients Announcement Details

Quarter
Q2 2023
Time
Before Market Opens

Conference Call Resources

Conference Call Audio

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MGP Ingredients Earnings Headlines

MGP Ingredients CEO David Bratcher to resign
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Class Action Announcement for MGP Ingredients, Inc. ...
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About MGP Ingredients

MGP Ingredients (NASDAQ:MGPI), together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions. The Distillery Solutions segment provides food grade alcohol for beverage applications that include bourbon, rye, whiskeys, as well as grain neutral spirits, include vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in food products, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also offers distillery co-products, such as dried distillers' grain, fuel-grade alcohol for blending with gasoline, and corn oil; and provides warehouse services, including barrel put away, barrel storage, and barrel retrieval services, as well as blending services. The Branded Spirits segment provides premium plus, ultra-premium, super premium, premium, mid, and value branded distilled spirits, as well as private label products. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch series, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. It sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries. The company was founded in 1941 and is based in Atchison, Kansas.

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