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: 1-646-4752998
Website: www.mgpingredients.com
IR: See website
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Key People
David J. Colo
President, Chief Executive Officer, Director
Andrew P. Mansinne
Vice President - Brands
Brandon M. Gall
Chief Financial Officer, Vice President
David S. Bratcher
Chief Operating Officer
David E. Rindom
Chief Administrative Officer, Vice President
Amel Pasagic
Chief Information Officer
Erika Lapish
Vice President - Human Resources
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
   
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 six months ended 30 June 2021, MGPIngredients Inc revenues increased 48% to $283.3M. Netincome applicable to common stockholders increased 94% to$35.3M. Revenues reflect Branded Spirits segment increasefrom $384K to $60.4M, Distillery Products segment increaseof 16% to $179.5M. Net income benefited from Selling,general and administrative expe decrease of 37% to $11.8M(expense). Dividend per share remained flat at $0.24.
Employees: 360 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $1,617M as of Jun 30, 2021
Annual revenue (TTM): $487.14M as of Jun 30, 2021
EBITDA (TTM): $99.14M as of Jun 30, 2021
Net annual income (TTM): $57.14M as of Jun 30, 2021
Free cash flow (TTM): $58.07M as of Jun 30, 2021
Net Debt Last Fiscal Year: $233.15M as of Jun 30, 2021
Shares outstanding: 21,962,171 as of Jul 29, 2021
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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