Highlights: Q3 diluted EPS loss of $0.38 vs. EPS loss of $0.40 in prior year Q3 total sales of $54.6 million vs. prior year’s sales of $106.7 million due to planned reduction of low and negative margin product sales Higher margin product sales help drive Q3 pre-tax profits in ingredient solutions
ATCHISON, Kan., June 16, 2009 —MGP Ingredients, Inc. (Nasdaq/MGPI) has announced additional changes to the company’s organizational structure to better align with current and future strategic initiatives. The changes include a number of transitions and consolidations in management, supervisory and
ATCHISON, Kan., June 22, 2009 — MGP Ingredients, Inc. (MGPI) announced today that its manufacturing site in Atchison, Kan. received International Organization for Standardization (ISO) 14001 and Occupational Health and Safety Assessment Series (OHSAS) 18001 certifications to better serve its
ATCHISON, Kan., July 16, 2009 —Local 74D of the United Food and Commercial Workers (UFCW) Union yesterday ratified a new five-year collective bargaining unit agreement with MGP Ingredients, Inc. The agreement, which covers union employees at the company’s Atchison, Kan., plant, takes effect on Aug.
ATCHISON, Kan., August 24, 2009— MGP Ingredients, Inc. (Nasdaq/MGPI) has announced the sale of its Kansas City, Kan., facility to Sergeant’s Pet Care Products, Inc. The sale was completed this past Friday, Aug. 21, for an initial payment of $3.6 million, with provision for additional earn out
ATCHISON, Kan., August 28, 2009 — Ladd Seaberg has announced his retirement as a member and chairman of the Board of Directors of MGP Ingredients, Inc., (Nasdaq/MGPI) effective at the close of business yesterday. However, he will remain available in a consulting capacity to the board and company
ATCHISON, Kan., September 2, 2009 —MGP Ingredients, Inc. (Nasdaq/MGPI) will report its fiscal 2009 fourth quarter and year-end financial results on Thursday, September 10, prior to the marketís opening. An investor conference call will be held at 10 a.m. central time that day.
Highlights: Q4 net loss of $2.9 million shows significant improvement over prior year’s Q4 net loss of approximately $10.0 million FY 2009 12-month net loss of $69.1 million compares to net loss of $11.7 million in fiscal 2008 Total year-to-date loss includes $26.4 million in impairment charges and
MGP Ingredients to Webcast Annual Meeting October 22, 2009 ATCHISON, Kan., October 15, 2009 —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 22, 2009 beginning at 10:00 a.m.
ATCHISON, Kan., October 22, 2009 — MGP Ingredients, Inc. (Nasdaq/MGPI) today held its annual meeting of stockholders in Atchison. The meeting was opened by John Speirs, who succeeded Ladd Seaberg as chairman of the company’s Board of Directors this past August, and was followed by a business
ATCHISON, Kan., October 22, 2009 — Daryl R. Schaller, Ph.D., president of Schaller Consulting, Homosassa, Fla., and Linda E. Miller, independent marketing consultant and a member of the University of Kansas engineering management faculty, have been re-elected to the Board of Directors of MGP
ATCHISON, Kan., October 29, 2009 – MGP Ingredients, Inc. (Nasdaq/MGPI) will report its fiscal 2010 first quarter financial results on Thursday, November 5, prior to the marketís opening. An investor conference call will be held at 10 a.m. central time that day.
ATCHISON, Kan., November 3, 2009 – Tim Newkirk, president and chief executive officer of MGP Ingredients, Inc. (Nasdaq/MGPI) has announced the appointment of Don Tracy to the position of vice president of finance and chief financial officer effective Friday, Nov. 6.
ATCHISON, Kan., November 4, 2009 —David Dykstra has been promoted to vice president of alcohol sales and marketing at MGP Ingredients, Inc. (MGPI) effective immediately. He brings over 20 years of sales and marketing experience to his new position, most recently serving as industrial alcohol sales
Highlights: Company reports Q1 diluted EPS of $0.22 vs. year-ago diluted EPS loss of $1.04 Q1 pre-tax income of nearly $4 million shows significant improvement over prior year’s Q1 pre-tax loss of approximately $24 million All segments experience profitability, with positive turnaround principally