← Back

MGP Ingredients Inc

MGP Ingredients, Inc. produces and supplies distilled spirits, branded spirits, and food ingredients worldwide. It operates in three segments: Distillery Solutions, Branded Spirits, and Ingredient Solutions. The Distillery Solutions segment processes corn and other grains, including rye, barley, wheat, barley malt, and milo into food grade alcohol and distillery co-products, such as dried distillers' grain; and offers food-grade alcohol for beverage applications, that include bourbon, rye, and other whiskeys, as well as grain neutral spirits, including vodka and gin. This segment also offers warehouse services, including barrel put away, barrel storage, and barrel retrieval services; and blending services. The Branded Spirits segment provides Tequila under the premium plus, ultra-premium, super premium, premium price tiers under the Penelope Bourbon, Yellowstone Bourbon, Rebel Bourbon, Remus Bourbon, Blood Oath Bourbon, Ezra Brooks Bourbon, Minor Case Straight Rye Whiskey, Rossville Union Straight Rye Whiskey, The Quiet Man Irish Whiskey, Green Hat Gin, Everclear grain alcohol, El Mayor Tequila, and Dos Primos names; mid branded spirits under the Brady's Irish Cream, Saint Brendan's Irish Cream Liqueur, Pearl Vodka, Lord Calvert Canadian Whisky, and Exotico Tequila names; and value branded spirits under the Arrow Cordials, Canada House Canadian Whisky, Lady Bligh Rum, and Juarez Tequila names, as well as private label products. The Ingredient Solutions segment provides specialty wheat starches for food applications, such as Fibersym, a resistant wheat starch; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea and soy 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.

Price · split & dividend adjusted
News & notes moving MGPI
MGPI

MGP Ingredients Q2 Revenue Falls 14.5%

MGP Ingredients reported second-quarter revenues of $124.4 million, down 14.5% year on year and 0.7% below analyst expectations, though it beat EPS and EBITDA estimates. Among the 13 beverages, alcohol, and tobacco stocks tracked, the group overall beat revenue consensus by 1% and guided next quarter 2.2% above. Vita Coco was the best performer with revenue up 28.1% to $216.2 million, while Celsius was the weakest, missing revenue estimates by 6.2% despite 10.6% growth to $817.9 million. Molson Coors revenue fell 3.3% to $3.10 billion, meeting expectations, and Zevia revenue rose 1.1% to $45 million, beating by 1.8%.
Yahoo Finance·1dRead more ▾
MGPI

MGP Ingredients hires four industry veterans to accelerate growth

MGP Ingredients has hired four drinks industry veterans to accelerate growth. Tom Neiheisel becomes vice president of sales for the Distilling Solutions segment, which saw sales tumble 42% year on year to $29.2 million in the second quarter. Sol Clahane joins as managing director of national accounts, Marilyn Chen as brand director for Penelope Bourbon, and David Sanders as vice president of financial planning and analysis. The company reported a 15% decline in group sales to $124.4 million for the second quarter and reaffirmed its 2026 forecast of total sales between $480 million and $500 million, down from $536.4 million in 2025.
Just Drinks·28dRead more ▾
MGPI

MGP Ingredients to Report Second Quarter 2026 Financial Results on July 29

MGP Ingredients plans to report its second quarter 2026 financial results before the Nasdaq market opens on Wednesday, July 29. President and CEO Julie Francis and CFO Brandon Gall will host a conference call at 10 a.m. Eastern Time that day to discuss the results and provide a business update. Investors can access the webcast through the company's Investor Relations site or dial in at (844) 308-6398 domestically or (412) 717-9605 internationally. A replay will be available on the company's website about 24 hours after the call ends.
Business Wire·42dRead more ▾
MGPI

Philip Morris Touted as Top Consumer Staple Pick, MGP Ingredients and ADM Flagged as Sells

StockStory highlights Philip Morris as a resilient consumer staple stock with exciting potential, citing its premium pricing power, 66.5% gross margin, and strong free cash flow. The firm recommends avoiding MGP Ingredients, which has seen annual revenue declines of 12.9% and a 17.4% annual drop in earnings per share over three years, and Archer-Daniels-Midland, whose sales have fallen 7.5% annually amid a commoditized gross margin of 6.3%. Philip Morris trades at 21.9 times forward earnings, while MGP Ingredients and ADM trade at 9 times and 15.1 times, respectively.
StockStory·47dRead more ▾