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 |
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 |