US55303J1060 - Common Stock
MGP INGREDIENTS INC
NASDAQ:MGPI (5/17/2024, 7:13:02 PM)
After market: 79.75 +0.1 (+0.13%)79.65
-1.18 (-1.46%)
MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. The company is headquartered in Atchison, Kansas and currently employs 690 full-time employees. The firm operates through three segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. The Distilling Solutions segment consists of food grade alcohol and distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil. This segment also includes warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment consists of producing, importing, bottling, and rectifying of distilled spirits. Its Ingredient Solutions segment consists primarily of specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat proteins. The company is also a producer of industrial alcohol for use in both food and non-food applications. The Company’s distillery products are derived from corn and other grains, including rye, barley, wheat, barley malt, and milo.
MGP INGREDIENTS INC
1300 Main St
Atchison KANSAS 66002
P: 19133671480
CEO: David J. Colo
Employees: 690
Website: https://www.mgpingredients.com/
Industry veteran Paul Lux joins company to continue execution of strategy for the segment
Industry veteran Paul Lux joins company to continue execution of strategy for the segment...
MGPI stock results show that MGP Ingredients beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.
Food and beverage supplier MGP Ingredients (NASDAQGS:MGPI) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 15.1% year on year to $170.6 million. On the other hand, the company's full-year revenue guidance of $749 million at the midpoint came in slightly below analysts' estimates. It made a non-GAAP profit of $1.07 per share, down from its profit of $1.39 per share in the same quarter last year.
Q1 results in line with expectations; Reiterates annual guidance
Q1 results in line with expectations; Reiterates annual guidance...
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