Trade MGP Ingredients Inc - MGPI CFD

MGP Ingredients Company profile

About MGP Ingredients Inc

MGP Ingredients, Inc. is a producer and supplier of distilled spirits, branded spirits and food ingredients. The Company 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. It 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.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, MGP Ingredients Inc revenues increased 58% to $626.7M. Net income applicable to common stockholders increased from $40.1M to $90.6M. Revenues reflect Distillery Products segment increase of 11% to $352.5M, Ingredient Solutions segment increase of 16% to $90.7M. Net income benefited from Interest Capitalized increase of 38% to $339K (income). Dividend per share remained flat at $0.48.

Equity composition

Common Stock no Par, 2/11, 40M auth., 19,530,344 issd., less 1,705,531 shs. in Treas. @ $8.602M. Insiders & Strategic Owns 48.83%. IPO: 10/88, 1.1M shares @ $14 by William Blair & Co. Preferred Stock, $10 Par, 1K auth., 437 issd. 7/04, 2-for-1 stock split; 7/92, 3-for-2 stock split.