MGP Ingredients Inc
NASDAQ:MGPI

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MGP Ingredients Inc Logo
MGP Ingredients Inc
NASDAQ:MGPI
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Price: 24.39 USD 1.54%
Market Cap: 519.3m USD

MGP Ingredients Inc
Investor Relations

MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. The company is headquartered in Atchison, Kansas and currently employs 672 full-time employees. The firm operates through three segments: Distillery Products, Branded Spirits 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 Distillery Products segment also includes warehouse services, including barrel put away, storage, retrieval, and blending services. The Branded Spirits segment consists of producing, importing, bottling and rectifying of distilled spirits. Its Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company is also a producer of industrial alcohol for use in both food and non-food applications. Its 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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Sales Decline: Consolidated sales fell 19% year-over-year in Q3, largely due to expected declines in brown goods and mid- to value spirits brands.

Profitability: Adjusted EBITDA dropped 29% to $32 million and adjusted EPS fell 34% to $0.85, but both were above management's expectations due to favorable mix and cost discipline.

Guidance Raised: Full-year 2025 adjusted EBITDA and EPS guidance were both raised; sales guidance was tightened to $525–535 million.

Brand Momentum: Penelope Bourbon was highlighted as a standout performer, now among the top 30 premium plus American whiskey brands and the second fastest-growing in its segment.

Operational Challenges: Ingredient Solutions faced margin pressure from equipment outages and higher costs, with recovery expected to extend into early 2026.

Industry Headwinds: Customers continue to pause purchases to rebalance inventories, but MGP is seeing stronger demand for aged whiskey, especially from craft producers.

Cost Control: Capital expenditures and inventory putaway were reduced, and productivity initiatives helped lower SG&A expenses.

Key Financials
Consolidated Sales
$131 million
Consolidated Gross Profit
$49 million
Gross Margin
37.8%
Adjusted EBITDA
$32 million
Net Income
$15 million
Adjusted Net Income
$18 million
Basic Earnings Per Share
$0.71
Adjusted Basic Earnings Per Share
$0.85
Operating Cash Flow (YTD)
$93 million
Barrel Putaway (YTD)
$16 million
Capital Expenditures
$7 million (quarter); $25 million (YTD)
Total Debt
$269 million
Net Debt Leverage Ratio
1.8x
Average Shares Outstanding
21.4 million (expected full-year)
Effective Tax Rate
25% (expected full-year)
Earnings Call Recording
Other Earnings Calls

Management

Mr. David S. Bratcher
CEO, President & Director
No Bio Available
Mr. Brandon M. Gall CPA
VP of Finance, CFO & Treasurer
No Bio Available
Mr. Amel Pasagic
VP & Chief Commercial Officer
No Bio Available
Dr. Clodualdo Maningat
Chief Science Officer and VP of Ingredients Research & Development
No Bio Available
Mr. Amit Sharma C.F.A.
Vice President of Investor Relations
No Bio Available
Ms. Kathleen Molamphy
VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Greg Manis
Corporate Director of Communications
No Bio Available
Mr. Fletcher R. Buchman
Vice President of Marketing
No Bio Available
Ms. Erika L. Lapish
VP & Chief Human Resources Officer
No Bio Available
Mr. Mark Davidson
Corporate Controller
No Bio Available

Contacts

Address
KANSAS
Atchison
100 Commercial Street, P.O. Box 130
Contacts