MGP Ingredients Inc (OQ:MGPI)

Sector:  Consumer Non-Cyclicals Industry:  Distillers & Wineries
 
See Regulatory Filings on SEC
Company Contact
Address: 100 Commercial Street,
P.O. Box 130
ATCHISON KS 66002-2666
Tel: N/A
Website: www.mgpingredients.com
IR: See website
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Key People
Karen L. Seaberg
Independent Chairman of the Board
Jeffrey Ruger
Vice President - Information Technology
David J. Colo
President, Chief Executive Officer, Director
Brandon Gall
Chief Financial Officer, Vice President
David E. Rindom
Chief Administrative Officer, Vice President
Michael Rodger Buttshaw
Vice President - Ingredients Sales and Marketing
David E. Dykstra
Vice President - Alcohol Sales and Marketing
Stephen J. Glaser
Vice President - Production and Engineering
Tanya Jeradechachai
Vice President - Ingredient Solutions R&D
Andrew P. Mansinne
Vice President - Brands
   
Business Overview
MGP Ingredients, Inc. is a producer and supplier of distilled spirits, and specialty wheat protein and starch food ingredients. The Company's distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company's segments include distillery products and ingredient solutions. The distillery products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. The ingredient solutions segment consists of specialty starches and proteins, commodity starches and commodity proteins. The distillery products segment also includes warehouse services, including barrel put away, barrel storage, and barrel retrieval services. It 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), and its ingredient products are derived from wheat flour.
Financial Overview
For the nine months ended 30 September 2020, MGPIngredients Inc revenues increased 9% to $294.6M. Netincome applicable to common stockholders increased 11% to$28.5M. Revenues reflect an increase in demand for theCompany's products and services due to favorable marketconditions. Dividend per share remained flat at $0.36.Basic Earnings per Share excluding Extraordinary Itemsincreased from $1.51 to $1.68.
Employees: 341 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $915.35M as of Sep 30, 2020
Annual revenue (TTM): $387.07M as of Sep 30, 2020
EBITDA (TTM): $67.60M as of Sep 30, 2020
Net annual income (TTM): $41.39M as of Sep 30, 2020
Free cash flow (TTM): $9.05M as of Sep 30, 2020
Net Debt Last Fiscal Year: $34.54M as of Sep 30, 2020
Shares outstanding: 16,915,845 as of Oct 23, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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