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MGP Ingredients Inc (MGPI.OQ)

MGPI.OQ on NASDAQ Stock Exchange Global Select Market

74.41USD
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

MGP Ingredients Q3 earnings per share $0.82
Thursday, 2 Nov 2017 07:30am EDT 

Nov 2 (Reuters) - Mgp Ingredients Inc :Mgp ingredients reports third quarter 2017 results.Q3 earnings per share $0.82.Q3 sales $86.3 million versus i/b/e/s view $83.7 million.Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Mgp ingredients inc - ‍reconfirming previous guidance, operating income is expected to grow between 10% and 15% annually from 2016 through 2018​.Mgp ingredients inc - ‍2017 gross margins are expected to continue to grow versus 2016​.Mgp ingredients inc - ‍moderate growth is expected in net sales in 2017​.  Full Article

MGP Ingredients reports Q2 earnings per share $0.37
Thursday, 3 Aug 2017 07:30am EDT 

Aug 3 (Reuters) - MGP Ingredients Inc ::MGP Ingredients reports second quarter 2017 results.Q2 earnings per share $0.37.Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Q2 sales $85.8 million versus I/B/E/S view $84.4 million.MGP Ingredients Inc says ‍reconfirming previous guidance, operating income is expected to grow between 10pct and 15pct annually from 2016 through 2018​.MGP Ingredients Inc says ‍2017 gross margins are expected to continue to grow versus 2016​.MGP Ingredients Inc says ‍moderate growth is expected in net sales in 2017​.  Full Article

MGP declares $0.85 special dividend
Wednesday, 2 Aug 2017 07:30am EDT 

Aug 2 (Reuters) - MGP Ingredients Inc :MGP declares $0.85 special dividend.  Full Article

MGP Ingredients to sell stake in ICP joint venture
Tuesday, 27 Jun 2017 08:00am EDT 

June 27 (Reuters) - MGP Ingredients Inc ::MGP reaches agreement to sell stake in ICP joint venture.MGP Ingredients Inc - total proceeds of $76 million.Says ‍purchase price is subject to customary pre- and post-closing adjustments​.MGP Ingredients inc - expects that its board of directors will declare a special dividend of approximately $0.85 per share of common stock outstanding.MGP Ingredients Inc - no change at this time to company's previously-issued guidance regarding revenue or operating income expectations.MGP Ingredients - total will be paid in a combination of $30 million in cash and through issuance of secured promissory notes.Says ‍transaction will reduce MGP's net income by eliminating equity method investment earnings after date of closing​.MGP Ingredients - dividend will primarily be funded from initial cash proceeds from sale and cash from dividend distribution from ICP of $6.6 million approved on June 26, 2017.MGP Ingredients - transactions contemplated by merger agreement would result in a gain on sale of equity method investment, net of tax, of about $8.0 million.  Full Article

MGP Ingredients Q1 earnings per share $0.50
Thursday, 4 May 2017 07:30am EDT 

May 4 (Reuters) - MGP Ingredients Inc :MGP Ingredients reports first quarter 2017 results.Q1 earnings per share $0.50.Q1 sales $87.2 million versus I/B/E/S view $78.4 million.Q1 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.Q1 revenue grew as volumes in premium beverage alcohol increased.Q1 gross profit improved in both distillery products and ingredient solutions segments.  Full Article

MGP issues further updates regarding chemical incident
Thursday, 27 Oct 2016 03:52pm EDT 

Mgp Ingredients Inc : Mgp issues further updates regarding chemical incident . Mgp ingredients inc - chemical release occurred at mgp ingredients' plant in atchison, kan., at approximately 8 a.m. Ct last friday, oct. 21 . Reaction resulted in emissions venting into air . Mgp ingredients inc - our plant operations are fully functional . Mgp ingredients inc - approximately 100 people, including three mgp employees, sought medical treatment related to respiratory concerns . Mgp ingredients inc - as of 11 a.m. Oct 21 morning, based on observations by local officials, emissions had dispersed .Mgp ingredients-"confident" inventories of protein and starch ingredients, as well as distilled spirits, were unaffected and are safe for consumption.  Full Article

MGP Ingredients board initiates quarterly dividend policy
Wednesday, 3 Aug 2016 07:35am EDT 

MGP Ingredients Inc : Mgp ingredients board initiates quarterly dividend policy .Board of directors has declared a quarterly dividend of 2 cents per share.  Full Article

MGP Ingredients Q2 earnings per share $0.37
Wednesday, 3 Aug 2016 07:30am EDT 

MGP Ingredients Inc : Q2 earnings per share $0.37 . MGP Ingredients reports second quarter results . Q2 sales $80.4 million . 2016 net sales percentage growth is expected to be in low-single digits . Says 2016 gross margin gains are expected to be moderate following strong 2015 improvement . Says 2016 net sales percentage growth projection has been revised downward to reflect first half sales declines .FY2016 revenue view $338.2 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-MGP Ingredients Q3 earnings per share $0.82

* Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S