ATCHISON, Kan., May 7, 2013 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) today announced that the company will host a webcast of its Annual Meeting of Stockholders to be held Thursday, May 23, 2013 beginning at 10:00 a.m. (central time) at the Benedictine College Ferrell Academic Center, 1020 North 2nd Street, Atchison, Kansas.
P...
Highlights
Net sales even with prior year; growth in premium beverages offset by lower industrial volumes
Income from operations has improved for four consecutive quarters, reaching $1.2 million in the first quarter compared with a loss of $2.3 million in the year-ago period
Company sets aggressive agenda for premi...
ATCHISON, Kan., April 2, 2013 (GLOBE NEWSWIRE) -- Continuing its legacy as a leading innovator in the distilled spirits industry, MGP (Nasdaq:MGPI) has announced the development of six additional mash bills for the production of new rye, malt and wheat whiskeys, as well as new bourbons, at the company's Lawrenceburg, Ind., facility.
The add...
Highlights
Q4 net sales increase 22%; full year net sales increase 19%
Q4 net income of $0.01 earnings per share; prior-year net income of $0.89 per share included $0.77 per share in asset purchase gain (net of tax effect)
Operating income improves from increased sales of premium spirits and specialty ingredients, ...
ATCHISON, Kan., March 7, 2013 (GLOBE NEWSWIRE) -- Health Canada recently issued a letter of approval to MGP Ingredients, Inc. (Nasdaq:MGPI) regarding the classification of the company's Fibersym® RW and FiberRite® RW resistant wheat starches as dietary fiber sources in unstandardized foods.
The letter states in part: "After assess...
ATCHISON, Kan., March 5, 2013 (GLOBE NEWSWIRE) -- The Board of Directors of MGP Ingredients, Inc. (Nasdaq:MGPI) declared a dividend of 5 cents ($0.05) per share on the company's common stock on February 28, 2013. The dividend is payable on April 10, 2013, to stockholders of record as of March 18, 2013.
"The board is pleased to authorize a d...
ATCHISON, Kansas, Nov. 14, 2012 (GLOBE NEWSWIRE) -- In a press release issued with the same headline on Nov. 8, 2012 by MGP Ingredients, Inc. (Nasdaq:MGPI), please note that Income (Loss) from Operations for the Year to Date Ended Sept. 30, 2012 was incorrectly reported by GlobeNewswire as $1,914 in the Consolidated Statements of Comprehensive Inco...
Highlights
Strong contribution from new Indiana distillery offsets a reduction in sales for lower-value industrial applications
Q3 net income per share of $0.02 vs. net loss of $0.33 in prior year
Capacity expansion and cost reductions at Indiana distillery will set stage for profitable spirits growth in 2013
...
Strong Demand for Beverage Alcohol Drives Distillery Segment Sales
Highlights
Q2 total net sales up 24% vs. year ago
Higher volume and pricing drive distillery sales increase of 34% vs. year ago
Q2 net loss per share of $0.05 vs. net loss of $0.61 in prior year
Improved material sourcing and sele...
ATCHISON, Kan., May 31, 2012 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) today announced that Michael Braude was re-elected to the Board of Directors by holders of the Company's preferred stock, and Linda Miller and Daryl Schaller, Ph.D., were re-elected to the Board of Directors by holders of the Company's common stock. The terms of al...
ATCHISON, Kan., May 22, 2012 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) today announced that the company will host a webcast of its Annual Meeting of Stockholders to be held Thursday, May 31, 2012 beginning at 10:00 a.m. (central time) at the Benedictine College Ferrell Academic Center, 1020 North 2nd Street, Atchison, Kansas.
...
Highlights
Q1 net sales up 34% vs. year ago led by food grade alcohol
Q1 net income per share of $0.10 vs. year ago income of $0.04 per share, driven by gain associated with sale of joint venture interest
Distillery sales up 44% to $72.4 million for Q1 vs. prior-year period
Q1 operating profits impacted b...
Highlights
Fiscal Q2 sales up 21% vs. year ago led by food grade alcohol
Fiscal Q2 net income per share of $0.89 vs. fiscal 2011 Q2 income of $0.18 per share, driven by business acquisition gain associated with acquisition of LDI Distillery
Distillery sales up 34% to $57.9 million for fiscal Q2 vs. fiscal 2011 Q2
...
ATCHISON, Kan., March 2, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of MGP Ingredients, Inc. (Nasdaq:MGPI) yesterday declared a dividend of 5 cents ($0.05) per share on the company's common stock. The dividend is payable on April 19, 2012, to stockholders of record as of March 22, 2012.
"The authorization of a dividend at this time is...
ATCHISON, Kan., Jan. 5, 2012 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) (MGP), an expert in wheat- and corn-based ingredients, is teaming up with the Kansas Alliance for Biorefining and Bioenergy (KABB) and four Kansas universities to develop new technologies and products that use bio-based raw materials. Through this collaborative end...
ATCHISON, Kan., Jan. 3, 2012 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) announced that it has reorganized by creating a new holding company structure. The business operations of the company and its subsidiaries will not change as a result of the reorganization.
As part of the holding company reorganization, a new parent company...
ATCHISON, Kan., Dec. 28, 2011 (GLOBE NEWSWIRE) -- With the finalization today of a previously-announced asset acquisition, MGP Ingredients, Inc. (Nasdaq:MGPI) significantly strengthened its role in serving beverage alcohol customers in the branded packaged goods industry. Through its wholly-owned subsidiary, MGPI of Indiana, LLC, the company acquir...
Highlights
Q1 sales up 34% vs. year ago led by food grade alcohol
Q1 diluted loss of $0.31 per share vs. fiscal 2011 Q1 income of $0.28 per share driven mainly by unrealized, non-cash losses of $5.0 million from hedge valuation adjustments
Distillery sales up 42% to $60.5 million
Higher corn costs and flo...
ATCHISON, Kan., Oct. 21, 2011 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) today announced that its wholly-owned subsidiary, MGPI of Indiana, LLC, signed an agreement with Lawrenceburg Distillers Indiana, LLC ("LDI") to acquire LDI's beverage alcohol distillery assets located in Lawrenceburg, Ind., and used in the production of customize...
ATCHISON, Kan., Oct. 20, 2011 (GLOBE NEWSWIRE) -- Gary Gradinger, chairman and chief executive officer of Golden Star, Inc., was re-elected to the Board of Directors of MGP Ingredients, Inc. (Nasdaq:MGPI) by holders of the company's common stock. Timothy Newkirk, MGPI president and chief executive officer, and Karen Seaberg, a local civic leader an...