OverviewSuggest Edit

MGP Ingredients is a U.S. supplier of premium distilled spirits and producer of specialty wheat proteins and starches. The Company’s distilled spirits include gins, vodkas, and bourbon and rye whiskeys that are carefully crafted through a combination of art and science. MGP Ingredients' non-GMO proteins and starches provide functional, nutritional and sensory benefits to a host of applications that align with MGP’s focus on adding more goodness to food.
TypePublic
Founded1941
HQAtchison, US
Websitemgpingredients.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2019)341(+3%)
Job Openings7
Revenue (FY, 2019)$362.7 M(+1734%)
Share Price (Oct 2020)$40.1 (-1%)
Cybersecurity ratingAMore

Key People/Management at MGP Ingredients

Gus Griffin

Gus Griffin

President and CEO
Karen Seaberg

Karen Seaberg

Board Chairman
M. Jeannine Strandjord

M. Jeannine Strandjord

Director
Brandon Gall

Brandon Gall

Vice President of Finance and CFO
Dave Colo

Dave Colo

President and CEO
Dave Rindom

Dave Rindom

Vice President and CAO
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MGP Ingredients Office Locations

MGP Ingredients has an office in Atchison
Atchison, US (HQ)
100 Commercial St
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MGP Ingredients Financials and Metrics

MGP Ingredients Revenue

MGP Ingredients's revenue was reported to be $362.75 m in FY, 2019
USD

Revenue (Q2, 2020)

92.6m

Gross profit (Q2, 2020)

20.7m

Gross profit margin (Q2, 2020), %

22.4%

Net income (Q2, 2020)

8.5m

EBIT (Q2, 2020)

11.3m

Market capitalization (14-Oct-2020)

678.7m

Closing stock price (14-Oct-2020)

40.1

Cash (30-Jun-2020)

11.7m

EV

735.2m
MGP Ingredients's current market capitalization is $678.7 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

16.3m18.8m22.4m347.4m19.8m362.7m

Revenue growth, %

(3%)5%(3%)

Cost of goods sold

309.3m302.0m285.0m269.1m253.0m271.4m292.5m286.2m

Gross profit

(268.7m)(250.3m)(230.6m)76.0m(272.7m)76.5m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

383.0k2.9m5.6m747.0k1.6m3.1m5.0m3.3m

Accounts Receivable

27.8m35.3m27.8m32.7m30.7m34.3m38.8m40.9m

Prepaid Expenses

957.0k697.0k848.0k1.2m1.1m2.2m1.3m2.0m

Inventories

31.1m14.3m34.9m34.4m58.7m78.9m93.1m108.8m136.9m
USDFY, 2011

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

2 x
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MGP Ingredients Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

MGP Ingredients Revenue Breakdown

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MGP Ingredients revenue breakdown by business segment: 83.3% from Distillery products and 16.7% from Ingredient solutions

MGP Ingredients Online and Social Media Presence

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MGP Ingredients News and Updates

MGP Ingredients Schedules Third Quarter 2020 Conference Call/Webcast for Thursday, October 29

ATCHISON, Kan., Oct. 15, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that it will hold a conference call/webcast to discuss results for the third quarter ended September 30,…

MGP Ingredients Reports Second Quarter 2020 Results

Operating income increased 4.3% from prior year period; Adjusted operating income up 11.5% Operating income increased 4.3% from prior year period; Adjusted operating income up 11.5%

MGP Ingredients Declares $0.12 Quarterly Dividend

ATCHISON, Kan., July 30, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock.

MGP Ingredients Schedules Second Quarter 2020 Conference Call/Webcast for Thursday, July 30

ATCHISON, Kan., July 16, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that it will hold a conference call/webcast to discuss results for the second quarter ended June 30, 202…

Shareholder Alert: Bernstein Litowitz Berger & Grossmann Announces the Filing of Securities Class Action Lawsuit against MGP Ingredients, Inc. and Certain of Its Senior Executives

NEW YORK, April 6, 2020 /PRNewswire/ -- Today, prominent investor rights law firm Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") filed a class action lawsuit for violations of the federal securities laws against MGP Ingredients, Inc. ("MGP" or the "Company"), and certain of the...

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Reminds MGP Ingredients, Inc. Investors of Important April 28th Deadline in Securities Class Action Lawsuit

NEW YORK, April 5, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of MGP Ingredients, Inc. between February 27, 2019 and February 25, 2020, inclusive (the "Class Period") of the important April 28, 2020 lead plaintiff deadline...
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MGP Ingredients Blogs

Sarah Corwin, PhD., RD

Sarah Corwin, PhD., RD admin Wed, 09/23/2020 - 15:28 Sarah Corwin, PhD., RD, is Principal Scientist for MGP Ingredients. She brings an extensive research and academic background to the role, including work in cereals and grains, as well as product development experience. Dr. Corwin co…

MGP Names Sarah Corwin Principal Scientist

MGP Names Sarah Corwin Principal Scientist gregmanis14 Fri, 09/18/2020 - 09:37

MGP Receives Pinnacle Award from Union Pacific for Safely Transporting Chemicals by Rail

MGP Receives Pinnacle Award from Union Pacific for Safely Transporting Chemicals by Rail gregmanis14 Thu, 09/17/2020 - 10:33

Facts of a Food Science Career.

Facts of a Food Science Career. admin Tue, 09/15/2020 - 10:59

MGP Debuts 2020 Barrels of George Remus Single Barrel Bourbon Whiskey

MGP Debuts 2020 Barrels of George Remus Single Barrel Bourbon Whiskey gregmanis14 Tue, 09/15/2020 - 09:45

Plant-based is Sprouting Fast.

Plant-based is Sprouting Fast. gregmanis14 Tue, 09/15/2020 - 09:00
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MGP Ingredients Frequently Asked Questions

  • When was MGP Ingredients founded?

    MGP Ingredients was founded in 1941.

  • Who are MGP Ingredients key executives?

    MGP Ingredients's key executives are Gus Griffin, Karen Seaberg and M. Jeannine Strandjord.

  • How many employees does MGP Ingredients have?

    MGP Ingredients has 341 employees.

  • What is MGP Ingredients revenue?

    Latest MGP Ingredients annual revenue is $362.7 m.

  • What is MGP Ingredients revenue per employee?

    Latest MGP Ingredients revenue per employee is $1.1 m.

  • Who are MGP Ingredients competitors?

    Competitors of MGP Ingredients include Shotgun Seltzer, Kasapreko and Olvi.

  • Where is MGP Ingredients headquarters?

    MGP Ingredients headquarters is located at 100 Commercial St, Atchison.

  • Where are MGP Ingredients offices?

    MGP Ingredients has an office in Atchison.

  • How many offices does MGP Ingredients have?

    MGP Ingredients has 1 office.