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MGP Ingredients Q4 2023 Earnings Report

MGP Ingredients logo
$32.19 -0.05 (-0.16%)
As of 02/21/2025 04:00 PM Eastern

MGP Ingredients EPS Results

Actual EPS
$1.64
Consensus EPS
$1.38
Beat/Miss
Beat by +$0.26
One Year Ago EPS
$1.01

MGP Ingredients Revenue Results

Actual Revenue
$214.90 million
Expected Revenue
$206.87 million
Beat/Miss
Beat by +$8.03 million
YoY Revenue Growth
+12.60%

MGP Ingredients Announcement Details

Quarter
Q4 2023
Time
Before Market Opens

MGPI Upcoming Earnings

MGP Ingredients will be holding an earnings conference call on Wednesday, February 26 at 10:00 AM Eastern. Interested parties can register for or listen to the call.

Conference Call Resources

Conference Call Audio

MGP Ingredients Earnings Headlines

Ariel Investments Small Cap Value Q4 2024 Commentary
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MGP Ingredients (MGPI) Gets a Buy from Roth MKM
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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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