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
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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...
ATCHISON, Kan., Oct. 12, 2011 (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, October 20, 2011 beginning at 10:00 a.m. (central time) at the Presbyterian Community Center, Atchison, Kansas. Persons may listen to the annual meeting...
Highlights
Q4 sales up 27% vs. year ago led by food grade alcohol
Company reports fiscal 2011 Q4 diluted loss of $0.58 per share vs. fiscal 2010 Q4 income of $0.14 per share
Corn price volatility in Q4 resulted in a mark-to-market non-cash loss of $5.5 million on corn hedges associated with forward alcohol sales co...
ATCHISON, Kan., Aug. 31, 2011 (GLOBE NEWSWIRE) -- The Board of Directors of MGP Ingredients, Inc. (Nasdaq:MGPI) has declared a dividend of 5 cents ($0.05) per share on the company's common stock. The dividend is payable on Oct. 13, 2011 to stockholders of record as of Sept. 15, 2011.
Directors also approved a change in the company's fiscal...
Highlights
Company reports fiscal 2011 Q3 diluted EPS of $0.04 per share vs. a year-ago loss of $0.14 per share despite significantly higher corn and flour costs
FY 2011 nine-month income from operations increases by $4.2 million over prior year
Total quarterly sales increase 30 percent from a year ago
Q3...
Highlights
Total quarterly sales increase 21 percent above a year ago driven mainly by food grade alcohol
FY 2011 Q2 income from operations increases by $3.8 million over prior year
ATCHISON, Kan., Feb. 9, 2011 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI) today reported net income of $3,242,000, or $0...
ATCHISON, Kan., Feb. 8, 2011 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (MGPI) has formed a transportation management partnership with Ryan Transportation Service, Lenexa, Kan., as part of the company's strategic initiative to strengthen its world class customer service capabilities. Under this new arrangement, Ryan Transportation assumes a lead log...
Highlights
Company reports Q1 diluted earnings of $0.28 per share vs. year-ago earnings of $0.23 per share
Total sales increase of 13 percent driven mainly by food grade alcohol
Company strengthens sales, product innovation and customer-facing teams
ATCHISON, Kan., Nov. 9, 2010 (GLOBE NEWSWIRE) -- MGP I...
ATCHISON, Kan., Oct 21, 2010 (GlobeNewswire via COMTEX News Network) -- John Speirs, chairman and co-founder of Stellus Consulting, a Minneapolis-based firm that specializes in developing business and branding strategies, was re-elected to the Board of Directors of MGP Ingredients, Inc. (Nasdaq:MGPI) by holders of the company's common stock. Cloud ...
ATCHISON, Kan., Oct 21, 2010 (GlobeNewswire via COMTEX News Network) -- MGP Ingredients, Inc. (Nasdaq:MGPI) today held its annual meeting of stockholders. Following a welcome and introductions by Board Chairman John Speirs, a business overview was provided by Tim Newkirk, president and chief executive officer.
Newkirk said, "Over the past year ...
ATCHISON, Kan., Oct 18, 2010 (GlobeNewswire via COMTEX News Network) -- MGP Ingredients, Inc. (Nasdaq:MGPI) today announced that the company will host a webcast of its Annual Meeting of Stockholders to be held Thursday, October 21, 2010 beginning at 10:00 a.m. (central time) at the Presbyterian Community Center, Atchison, Kansas. Persons may listen...
ATCHISON, Kan., Aug 26, 2010 (GlobeNewswire via COMTEX News Network) -- The Board of Directors of MGP Ingredients, Inc. (Nasdaq:MGPI) today declared a dividend of 5 cents ($0.05) per share on the company's common stock. The dividend is payable on October 6, 2010 to stockholders of record as of September 15, 2010.
"The authorization of a dividen...