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MGP Ingredients Inc

MGP Ingredients Inc (MGPI)

76.50
0.39
( 0.51% )
Updated: 15:56:37

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
76.50
Bid
76.48
Ask
76.56
Volume
139,772
75.195 Day's Range 77.24
68.86 52 Week Range 124.955
Market Cap
Previous Close
76.11
Open
76.30
Last Trade
1
@
76.52
Last Trade Time
15:56:47
Financial Volume
$ 10,672,872
VWAP
76.3592
Average Volume (3m)
186,362
Shares Outstanding
22,014,910
Dividend Yield
0.63%
PE Ratio
15.77
Earnings Per Share (EPS)
4.83
Revenue
836.52M
Net Profit
106.4M

About MGP Ingredients Inc

MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Products,Branded Spirits Se... MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Products,Branded Spirits Segment , and Ingredient Solutions. Distillery Products provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery products segment. Show more

Sector
Wine & Alcoholic Bev-whsl
Industry
Grain Mill Products
Headquarters
Kansas City, Kansas, USA
Founded
2014
MGP Ingredients Inc is listed in the Wine & Alcoholic Bev-whsl sector of the NASDAQ with ticker MGPI. The last closing price for MGP Ingredients was $76.11. Over the last year, MGP Ingredients shares have traded in a share price range of $ 68.86 to $ 124.955.

MGP Ingredients currently has 22,014,910 shares outstanding. The market capitalization of MGP Ingredients is $1.68 billion. MGP Ingredients has a price to earnings ratio (PE ratio) of 15.77.

MGPI Latest News

Remus Bourbon introduces Remus Babe Ruth Reserve

Remus Bourbon introduces Remus Babe Ruth Reserve PR Newswire ST. LOUIS, June 25, 2024 The collector's release features a medley of three mash bills, inspired by Ruth's legendary #3, along with a...

MGP Hires Executive Vice President of Operations

MGP Hires Executive Vice President of Operations PR Newswire ATCHISON, Kan., June 10, 2024 ATCHISON, Kan., June 10, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (MGPI: Nasdaq), a leading provider...

Lux Row Distillers introduces Rebel 10-Year Single Barrel Bourbon

Lux Row Distillers introduces Rebel 10-Year Single Barrel Bourbon PR Newswire ST. LOUIS, June 3, 2024 Highly-anticipated award-winning annual release delivers a rich and rebellious flavor ST...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
12.643.5743298131673.8677.2468.8620497172.09853587CS
42.283.0719482619274.2277.2468.8618803173.08811999CS
12-3.5-4.3758084.2468.8618636276.46835254CS
26-14.72-16.136812102691.2293.1868.8620375480.59481524CS
52-34.84-31.2915394288111.34124.95568.8615879287.94181219CS
15614.6923.766380844561.81125.7458.40513668791.75881545CS
2608.1611.940298507568.34125.7421.6414390971.7021391CS

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MGPI Discussion

View Posts
stocktrademan stocktrademan 9 years ago
$MGPI recent news/filings

bullish 26.48

## source: finance.yahoo.com

Tue, 22 Dec 2015 16:36:14 GMT ~ MGP Ingredients, Inc. Earnings Analysis: Q3, 2015 By the Numbers


read full: http://www.capitalcube.com/blog/index.php/mgp-ingredients-inc-earnings-analysis-q3-2015-by-the-numbers/
*********************************************************

Tue, 22 Dec 2015 13:00:00 GMT ~ Consumer Goods Sector Equities Coverage -- SodaStream Intl., Omega Protein, MGP Ingredients, and Ennis

[Accesswire] - NEW YORK, NY / ACCESSWIRE / December 22, 2015 / Park Lane Advisor has initiated coverage on the following equities: SodaStream International Ltd (NASDAQ: SODA), Omega Protein Corporation (NYSE: OME), MGP ...

read full: http://finance.yahoo.com/news/consumer-goods-sector-equities-coverage-130000599.html
*********************************************************

Fri, 18 Dec 2015 13:32:12 GMT ~ MGP Honored as Distiller of the Year by Whisky Advocate Magazine

[at noodls] - December 18, 2015 , (GLOBE NEWSWIRE) -- (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, has been named Distiller of the Year by , one of the most ...

read full: http://www.noodls.com/view/5CB9442B9B14EADA88EB658E130B862EF4B744B5
*********************************************************

Fri, 18 Dec 2015 13:00:00 GMT ~ MGP Honored as Distiller of the Year by Whisky Advocate Magazine

[GlobeNewswire] - ATCHISON, Kan., Dec. 18, 2015-- MGP Ingredients, a leading supplier of premium distilled spirits and specialty wheat proteins and starches, has been named Distiller of the Year by Whisky Advocate, one ...

read full: http://finance.yahoo.com/news/mgp-honored-distiller-whisky-advocate-130000914.html
*********************************************************

Tue, 15 Dec 2015 13:27:45 GMT ~ Rindom Named to Newly Created Position of Chief Administrative Officer at MGP

[at noodls] - December 15, 2015 , (GLOBE NEWSWIRE) -- MGP (Nasdaq:MGPI), a leading producer of premium distilled spirits and specialty wheat proteins and starches, today announced that has been named to serve as vice ...

read full: http://www.noodls.com/view/2F1B9A84CBC7C3B16DDC8AD67347EC835FF5426D
*********************************************************

$MGPI charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$MGPI company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/MGPI/company-info
Ticker: $MGPI
OTC Market Place: Not Available
CIK code: 0000835011
Company name: MGP Ingredients, Inc.
Company website: http://www.mgpingredients.com
Incorporated In: KS, USA

$MGPI share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available

$MGPI extra dd links

Company name: MGP Ingredients, Inc.
Company website: http://www.mgpingredients.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MGPI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MGPI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MGPI+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/news - http://finance.yahoo.com/q/h?s=MGPI+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/MGPI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=MGPI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/MGPI
DTCC (dtcc.com): http://search2.dtcc.com/?q=MGP+Ingredients%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=MGP+Ingredients%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=MGP+Ingredients%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.mgpingredients.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.mgpingredients.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.mgpingredients.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/MGPI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000835011&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=MGPI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=MGPI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=MGPI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=MGPI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=MGPI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=MGPI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=MGPI+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/MGPI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=MGPI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/MGPI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=MGPI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/MGPI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/MGPI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/MGPI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=MGPI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MGPI



$MGPI DD Notes ~ http://www.ddnotesmaker.com/MGPI
👍️0
stocktrademan stocktrademan 10 years ago
$MGPI recent news/filings

bullish

## source: finance.yahoo.com

Tue, 12 Aug 2014 10:19:53 GMT ~ Gus Griffin Named to MGP's Board of Directors

[at noodls] - ATCHISON, Kan., Aug. 11, 2014 (GLOBE NEWSWIRE) -- Gus Griffin, president and chief executive officer of MGP Ingredients, Inc. (Nasdaq:MGPI), has been elected to the company's board of directors effective ...

read full: http://www.noodls.com/view/CDC6C0D8051B1227C4A3655A79080E45F2A640CC
*********************************************************

Tue, 12 Aug 2014 10:01:23 GMT ~ MGP INGREDIENTS INC Files SEC form 8-K, Change in Directors or Principal Officers


read full: http://biz.yahoo.com/e/140812/mgpi8-k.html
*********************************************************

Mon, 11 Aug 2014 20:51:32 GMT ~ Gus Griffin Named to MGP's Board of Directors

[GlobeNewswire] - ATCHISON, Kan. -- Gus Griffin, president and chief executive officer of MGP Ingredients, Inc. , has been elected to the company's board of directors effective immediately. His election by holders of MGP's ...

read full: http://finance.yahoo.com/news/gus-griffin-named-mgps-board-205132920.html
*********************************************************

Thu, 07 Aug 2014 23:51:00 GMT ~ MGP Ingredients, Inc. Reports Second Quarter 2014 Results

[at noodls] - Continued Strength in Beverage Alcohol and Lower Costs Drive Growth in Operating Income Highlights Net sales up vs year ago due to volume growth in beverage and industrial alcohol Net income of $5.1 million, ...

read full: http://www.noodls.com/view/BE27DE4348702256BE2646E2A688C3A60A98A8E8
*********************************************************

Thu, 07 Aug 2014 21:05:21 GMT ~ MGP INGREDIENTS INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Fina


read full: http://biz.yahoo.com/e/140807/mgpi8-k.html
*********************************************************


$MGPI charts

basic chart ## source: stockcharts.com



basic chart ## source: eoddata.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$MGPI company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/MGPI/company-info
Ticker: $MGPI
OTC Market Place: Not Available
CIK code: 0000835011
Company name: MGP Ingredients, Inc.
Company website: http://www.mgpingredients.com
Incorporated In: KS, USA


$MGPI share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$MGPI extra dd links

Company name: MGP Ingredients, Inc.
Company website: http://www.mgpingredients.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MGPI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MGPI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MGPI+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/news - http://finance.yahoo.com/q/h?s=MGPI+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/MGPI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=MGPI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/MGPI
DTCC (dtcc.com): http://search2.dtcc.com/?q=MGP+Ingredients%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=MGP+Ingredients%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=MGP+Ingredients%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.mgpingredients.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.mgpingredients.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.mgpingredients.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/MGPI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000835011&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=MGPI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=MGPI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=MGPI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=MGPI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=MGPI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=MGPI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=MGPI+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/MGPI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=MGPI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/MGPI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=MGPI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/MGPI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/MGPI/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/MGPI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/MGPI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/MGPI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=MGPI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MGPI



$MGPI DD Notes ~ http://www.ddnotesmaker.com/MGPI
👍️0
Penny Roger$ Penny Roger$ 12 years ago
~ Monday! $MGPI ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $MGPI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=MGPI&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=MGPI&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=MGPI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=MGPI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=MGPI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=MGPI
Finviz: http://finviz.com/quote.ashx?t=MGPI
~ BusyStock: http://busystock.com/i.php?s=MGPI&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=MGPI >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
👍️0
moneyfarmer1 moneyfarmer1 13 years ago
chart still a downtrend
👍️0
moneyfarmer1 moneyfarmer1 13 years ago
cutting into profits probably
👍️0
moneyfarmer1 moneyfarmer1 13 years ago
corn prices keep going up
👍️0
RonnieD RonnieD 16 years ago
February 7, 2008 - 8:01 AM EST

MGP Ingredients Announces Second Quarter FY 2008 Results
Highlights:
- Q2 total sales of $93.9 million increased 7.2% over year ago
- Q2 diluted EPS of $0.31 compared with $0.40 in year-ago quarter
- Q2 net income includes $7 million pre-tax gain on litigation settlement
- Sales in ingredient solutions segment show significant improvement vs. year ago
- Distillery results impacted by lower ethanol pricing and higher corn costs

ATCHISON, Kan., Feb. 7 /PRNewswire-FirstCall/ -- MGP Ingredients, Inc. (Nasdaq: MGPI) today reported net income of $5.3 million, or $0.31 in diluted earnings per share, for the second quarter of fiscal 2008, which ended December 30, 2007. These results include a $7 million gain on settlement of litigation, net of related expenses, without which the company would have reported a loss before taxes of $2 million. This compares with net income of $6.8 million, or $0.40 in diluted earnings per share, for the second quarter of fiscal 2007. Total sales in the second quarter of fiscal 2008 were $93.9 million, an increase of 7.2 percent from sales a year ago.

Total ingredient solutions sales increased over 70 percent led principally by higher sales of vital wheat gluten. Sales of specialty ingredients improved by 35 percent compared with the previous year's quarter, while also showing a strong gain over the first quarter of the current fiscal year. The growing contribution from specialty ingredients helped to offset higher wheat costs, which increased 51.3 percent over a year ago. A pre-tax loss of $124,000 in the ingredient solutions segment included inventory write-downs of approximately $938,000. This compares with a loss of $ 2.8 million in last year's second quarter. Distillery products sales declined by 5.8 percent compared with fiscal 2007 second quarter levels. This was due to a significant decline in selling prices for fuel grade alcohol (ethanol) and reduced sales units compared with the year-ago period. The company's earnings performance in the distillery products segment was also adversely affected by higher costs for corn, the principal raw material used in the alcohol production process. The per-bushel cost of corn averaged nearly 37.8 percent higher than the prior year's second quarter. Pre-tax income in the distillery products segment declined to $1.3 million compared with $15.7 million in last year's second quarter. Pre-tax losses of $3.1 million, including inventory write-downs of approximately $356,000, were reported in the company's other segment, consisting primarily of products in development for pet and plant-based biopolymer applications.

On December 27, 2007, the company settled its two year patent infringement and contract litigation and was paid $8 million. Professional fees related to this litigation in the first and second quarters of fiscal 2008 have been netted against the gross proceeds for a net amount of $7,046,000 and recorded as a separate line item below income from operations. The company used the proceeds to reduce its line of credit. As a result of a February 6 amendment to its line of credit agreement increasing the maximum borrowing capacity to $30 million, at that date the company had $18 million available for borrowings under its line of credit.

'We have been feeling the impact of lower ethanol pricing on distillery profits since the fourth quarter of last fiscal year,' said Ladd Seaberg, chairman and chief executive officer. 'This situation in the current year's second quarter was further aggravated by near record corn prices, a major component of our cost of goods sold. We also fell short of achieving full planned distillery capacity due to some temporary fermentation issues which have since been resolved. Although corn prices have remained at or near this higher level and, based upon Chicago Board of Trade Futures, are expected to increase this summer, we are encouraged by the prospect of strengthened ethanol pricing for the balance of the fiscal year.

Seaberg added, 'The progress we are making with our ingredient solutions segment is more apparent on the top line than the bottom line. Granted we did benefit from gluten sales but we are also achieving better sales and margin improvements in our core specialty ingredients. As we continue to migrate to a higher mix of value-added products, the impact of rising wheat costs should lessen over time.'

Segment Results

The following is a summary of sales and pre-tax profits/(loss) allocated to each operating segment for the second quarter and six months ended December 30, 2007, and the second quarter and six months ended December 31, 2006. Interest expense, investment income and other general miscellaneous expenses are classified as corporate.


(In thousands) Second Qtr Second Qtr Six Months Six Months
FY 2008 FY 2007 FY 2008 FY 2007
Ingredient Solutions
Net Sales $24,963 $14,665 $47,251 $29,089
Pre-Tax Inc. (Loss) (124) (2,757) 187 (5,220)

Distillery Products
Net Sales $67,523 $71,682 $131,881 $140,687
Pre-Tax Income 1,338 15,711 2,017 30,953

Other
Net Sales $1,509 $1,298 $2,840 $2,864
Pre-Tax Income (Loss) (3,075) (2,570) (4,125) (3,669)

Corporate ($181) $974 ($567) $109

Gain on Settlement of
litigation, net of
related expenses $7,046 -- $7,046 --



Total sales of distillery products in the second quarter of fiscal 2008 declined approximately 5.8 percent to $67.5 million compared to the same quarter of fiscal 2007. This decline was due to an $8.1 million, or 21 percent, decrease in sales of fuel grade alcohol. Sales of food grade alcohol improved by $2.3 million, or 9.6 percent, over the prior year with gains in both beverage and industrial applications. Sales of distillers feed, the principal by-product of the alcohol production process, increased by approximately $846,000, or 11.7 percent, over last year's second quarter.

Total ingredient solutions sales in the second quarter of fiscal 2008 increased by approximately $10.3 million, or 70.2 percent, compared to the prior year's quarter. Sales of specialty proteins and starches increased by $3.8 million, or 35.1 percent, during the quarter compared to the same quarter in fiscal 2007. The company also reported a $6.3 million increase in sales of vital wheat gluten compared to a year ago, which resulted from significantly higher volumes as well as per-unit pricing compared with year-ago levels. Revenues for commodity starch decreased $115,000, or 12.3 percent, as a result of reduced sales volume consistent with the implementation of our strategy of continued development and commercialization of our value-added wheat proteins and starches.

Sales of other products, consisting primarily of pet products and plant-based biopolymers, increased $211,000, or 16.3 percent, compared to the same quarter a year ago due to improved per-unit prices related to product mix, as well as increased unit sales.

Results for Six Months

For the first six months of fiscal 2008, the company had net income of $4.9 million, or $0.29 in diluted earnings per share, on total sales of $181.9 million, compared with net income of $13.8 million, or $0.82 in diluted earnings per share, on sales of $172.6 million for the first six months of fiscal 2007. These results include a $7 million gain on settlement of litigation, net of related expenses, without which the company would have reported a loss before taxes of $2.5 million. This increase in sales was primarily due to an $18.2 million, or 62 percent increase, in ingredients solutions sales, which resulted mainly from higher sales of vital wheat gluten. Distillery products sales declined by $8.8 million, or 6 percent, for the six month period compared to a year-ago.

Pre-tax income for the distillery segment was $2.0 million, a decrease of $28.9 million over the prior year's first six months. Pre-tax income in the ingredient solutions segment was $187,000 and compares favorably to the pre-tax loss of $5.2 million incurred in the same period in the prior fiscal year. Net income for the six months of fiscal 2008 included a net litigation settlement of $7 million.

Income Taxes

For the second quarter, the company recorded an income tax benefit of $260,000 for an effective rate of (5.2) percent compared to a provision of $4.5 million for the same quarter a year ago for an effective rate of 39.8 percent. For the six-months, the income tax benefit was $388,000 for an effective rate of (8.5) percent compared to a tax provision of $8.4 million for the previous year-to-date period for an effective rate of 37.7 percent. During the second quarter, management determined that a valuation allowance related to unused tax credits was no longer appropriate and was therefore removed, resulting in a new tax benefit in the quarter of approximately $2.0 million. Excluding certain one-time discrete items applicable to this quarter, the effective rate was 34.0 percent.

On Track with Top Line Growth in Ingredient Solutions

'We are most encouraged by our initial results in the reconfigured ingredient solutions business,' said Tim Newkirk, president and chief operating officer. 'While we still have further to go before reaching volume levels that will generate sustained profitability, the product mix continues to shift in the right direction. The key measure is our average sales price, which is up significantly over a year ago due to an improved product mix. As further evidence, we showed sequential improvement over our first quarter sales in key product lines, including our Fibersym(R) RW resistant starch, as well as our Wheatex(R) textured proteins. Along with a renewed focus on specialty sales, we have better visibility into our operations with a new ERP system. During the quarter we identified a portion of our inventories that we felt were no longer aligned with our new ingredient solutions technology platforms. This resulted in a write-down of those products, impacting pre-tax income on both our ingredient solutions and other segments. Excluding the write-downs, the ingredients segment continues to track our plan for strengthened contributions to our bottom line. It needs to be emphasized that we are still very early in the process of re-engaging our customers across a growing number of new opportunities.'

Newkirk added, 'This was a particularly challenging quarter for us on the ethanol side, where we have been dealing with lower selling prices for some time and because we fell short of our alcohol production targets, estimated to be between 10 and 15 percent of our capacity. The higher corn costs only aggravated the situation. We fully expect to ramp up production beginning in the current quarter, and from a contracting perspective we are in an ideal position to capture higher fuel pricing. If ethanol prices continue to strengthen, we would expect improvements in the second half of our fiscal year.'

Seaberg concluded, 'We continue to experience earnings volatility on the fuel alcohol side of our business, but are encouraged by the recent firming of prices. At the same time, our food grade alcohol products remain a solid contributor to our bottom line. This is not the first time in our history that we have had to deal with commodity price headwinds. With new equipment and operational improvements we remain focused on lowering our per-gallon alcohol production costs. On the ingredients side, it's all about gaining traction. With more resources than ever concentrated on our best prospects, we look forward to generating more positive results as we go forward.'

Investor Conference Call

The company will host an investor conference call today at 10 a.m. central time to review second quarter results. Stockholders and other interested parties may listen to the call live via telephone by dialing 888-603-6873 domestically or 973-582-2706 internationally by 9:50 a.m. central time, or access it on the Internet at http://www.mgpingredients.com. The conference identification number for entering the call is 32432143.

About MGP Ingredients

In business since 1941, MGP Ingredients, Inc. is a recognized pioneer in the development and production of natural grain-based products. The Company has facilities in Atchison, Kan., Pekin, Ill., Kansas City, Kan., and Onaga, Kan. that utilize the latest technologies to assure high quality products and to maintain efficient production and service capabilities.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements as well as historical information. Forward-looking statements are usually identified by or are associated with such words as 'intend,' 'plan', 'believe,' 'estimate,' 'expect,' 'anticipate,' 'hopeful,' 'should,' 'may,' 'will', 'could' and or the negatives of these terms or variations of them or similar terminology. They reflect management's current beliefs and estimates of future economic circumstances, industry conditions, company performance and financial results and are not guarantees of future performance. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Important factors that could cause actual results to differ materially from our expectations include, among others: (i) the availability and cost of grain, (ii) fluctuations in gasoline prices, (iii) fluctuations in energy costs, (iv) competitive environment and related market conditions, (v) our ability to realize operating efficiencies, (vi) the effectiveness of our hedging programs; (vii) access to capital and (viii) actions of governments. For further information on these and other risks and uncertainties that may affect the company's business, see Item 1A. Risk Factors in the company's Annual Report on Form 10-K for the fiscal year ended July 1, 2007.



MGP INGREDIENTS, INC.

CONSOLIDATED STATEMENTS OF INCOME
(unaudited) Quarter Ended Year to Date Ended
(Dollars in thousands, Dec. 30, Dec. 31, Dec. 30, Dec. 31,
except per share) 2007 2006 2007 2006
Net Sales $93,995 $87,645 $181,972 $172,640
Cost of Sales 90,741 71,147 172,799 140,609
Gross Profit $3,254 $16,498 $9,173 $32,031

Selling, General and
Administrative Expenses 4,815 5,108 11,094 9,967
Income from Operations $(1,561) $11,390 $(1,921) $22,064
Gain on settlement of
litigation, net of
related expenses 7,046 - 7,046 -
Other Income, Net (76) 200 114 560
Interest Expense (405) (232) (681) (451)
Income Before Income
Taxes 5,004 11,358 4,558 22,173
Provision for Income Taxes (260) 4,523 (388) 8,362
Net Income $5,264 $6,835 $4,946 $13,811
Other Comprehensive Gain
(Loss) 4,284 125 5,634 (65)
Comprehensive Income $9,548 $6,960 $10,580 $13,746

Basic Earnings Per Common
Share $0.32 $0.42 $0.30 $0.84
Diluted Earnings Per
Common Share $0.31 $0.40 $0.29 $0.82

Weighted average shares
outstanding - Basic 16,513,162 16,440,705 16,505,755 16,374,787
Weighted average shares
outstanding - Diluted 16,843,054 16,965,539 16,894,324 16,902,584



CONSOLIDATED BALANCE SHEET
Dec. 30, 2007 July 1,
(Dollars in thousands) (unaudited) 2007
ASSETS
Current Assets:
Cash and cash equivalents $- $3,900
Restricted cash 3 3,336
Receivables (less allowance of $223 34,784 34,298
and $207 respectively)
Inventories 61,287 42,595
Prepaid expenses 2,167 623
Deposits 3,247 414
Deferred income tax assets 2,394 5,759
Refundable income taxes - 364
Total Current Assets $103,882 $91,289
Property and Equipment, At Cost 363,867 360,472
Less accumulated depreciation (235,602) (228,260)
Net Property, plant and equipment $128,265 $132,212
Investment in joint venture 358 -
Other Assets 511 803
TOTAL ASSETS $233,016 $224,304

Capital Structure
Net Investment in:
Working capital $59,058 $48,704
Property, plant and equipment 128,265 132,212
Other non-current assets 869 803
Total $188,192 $181,719



Dec. 30, 2007 July 1,
(Dollars in thousands) (unaudited) 2007
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities on long-term debt $3,826 $4,151
Revolving credit facility 10,000 7,000
Accounts payable 16,061 15,814
Accrued expenses 7,801 7,769
Income taxes payable 21 -
Deferred revenue 7,115 7,851
Total Current Liabilities $44,824 $42,585

Other Liabilities:
Long-Term Debt 7,169 8,940
Post-Retirement Benefits 8,115 7,860
Deferred Income Taxes 16,269 16,771
Total Other Liabilities $31,553 $33,571

Stockholders' Equity 156,639 148,148
TOTAL LIAB./STOCKHOLDERS EQ. $233,016 $224,304

Financed By:
Long-term debt* $7,169 $8,940
Deferred liabilities 24,384 24,631
Shareholders' equity 156,639 148,148
Total $188,192 $181,719

*Excludes short-term portion. Short term portion is included within
working capital.



MGP INGREDIENTS, INC.

(unaudited) Quarter Ended Year to Date Ended
Dec. 30, Dec. 31, Dec. 30, Dec. 31,
(Dollars in thousands) 2007 2006 2007 2006

Financial Highlights
EBITDA (1) $9,226 $15,111 $12,883 $29,617
Depreciation &
Amortization $3,817 $3,521 $7,644 $6,993
Capital Expenditures $1,755 $3,690 $3,228 $9,281
Working Capital $59,058 $56,205 $59,058 $56,205

(1) EBITDA equals earnings before taxes, interest, depreciation and
amortization. We have included EBITDA because we believe it provides
stockholders with additional information to measure our performance
and liquidity. EBITDA is not a recognized term under generally
accepted accounting principles and does not purport to be an
alternative to net income as a measure of operating performance or to
cash flows from operating activities as a measure of liquidity.
Additionally, it is not intended to be a measure of free cash flow for
management's discretionary use, as it does not consider certain cash
requirements such as interest payments, tax payments and debt service
requirements. Because not all companies use identical calculations,
this presentation may not be comparable to other similarly titled
measures of other companies.



The following table sets forth a reconciliation of net income to EBITDA
for the year to date periods ended December 30, 2007 and December 31, 2006 (in
thousands):

(unaudited) Quarter Ended Year to Date Ended
Dec. 30, Dec. 31, Dec. 30, Dec. 31,
(Dollars in thousands) 2007 2006 2007 2006
EBITDA Reconciliation:
Net Income $5,264 $6,835 $4,946 $13,811
Provision (benefit)
for income taxes (260) 4,523 (388) 8,362
Interest expense 405 232 681 451
Depreciation 3,817 3,521 7,644 6,993
EBITDA $9,226 $15,111 $12,883 $29,617



The following table sets forth a reconciliation of EBITDA to cash flows from operations for the year to date periods ended December 30, 2007 and December 31, 2006 (in thousands):

(unaudited) Year to Date Ended
Dec. 30, Dec. 31,
(Dollars in thousands) 2007 2006
EBITDA $12,883 $29,617
Benefit (provision) for income taxes 388 (8,362)
Interest expense (681) (451)
Non-cash charges against (credits to) net income:
Deferred income taxes 2,921 1,974
Loss (gain) on sale of assets 10 (3)
Changes in operating assets and liabilities (14,575) (12,680)
Cash flow from operations $946 $10,095

SOURCE MGP Ingredients, Inc.



Source: PR Newswire (February 7, 2008 - 8:01 AM EST)

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👍️0
frenchee frenchee 16 years ago
Getting cheap--weekly charts suggesting a test of 6.01. This is a very important support level in that if it doesn't hold, next support around 4.60.
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RonnieD RonnieD 16 years ago
cheap yet ?
👍️0
frenchee frenchee 17 years ago
MGPI working on a short-term double top...
👍️0
frenchee frenchee 17 years ago
Got short and intermediate-term buy signals this week on MGP. Check out the daily and weekly charts in the iBox. This one should start to hit on all cylinders...
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zsvq1p zsvq1p 17 years ago
MGP Ingredients swings to quarterly loss

(6:50 AM ET) WASHINGTON (MarketWatch) -- MGP Ingredients Inc.reported a net loss of $318,000, or 2 cents a share, for the first quarter ended Sept. 30, a reversal from the prior year's profit of $7 million, or 41 cents a share. The Atchison, Kans-based grain-based products company's quarterly sales reached $88 million, up from $85 million a year ago. The company cited the impact of higher costs as well as lower ethanol pricing. Analysts, on average, had been looking for MGP Ingredients to generate a first-quarter profit of 14 cents a share on revenue of $103.9 million, according to analysts surveyed by Thomson Financial.

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zsvq1p zsvq1p 17 years ago
SEC Link
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000835011&owner=include&count=40
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zsvq1p zsvq1p 17 years ago
I got some of this...

👍️0
frenchee frenchee 17 years ago
Looks like a good chance for support around 8. See weekly charts in iBox.
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rbl100 rbl100 18 years ago
Any word on the "Biolose" factor? I read that this may be the name of the enzyme or company who makes an enzyme process for breaking down the cell structure of plants.



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lowman lowman 18 years ago
Not many Hubbers play the dollar stocks. I only started the board because that PR looked interesting and I had nothing better to do at the time. I agree though, they sure have performed fairly well over the year.
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docrew0 docrew0 18 years ago
Nice ride
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docrew0 docrew0 18 years ago
lowman

Thanks for creating an iHub board for this stock. Haven't seen much activity on any board so far so it looks like we're it.
👍️0
lowman lowman 19 years ago
MGP Ingredients Announces Fiscal 2006 First Quarter Results
11/9/2005 8:01:49 AM

ATCHISON, Kan., Nov 09, 2005 /PRNewswire-FirstCall via COMTEX/ --MGP Ingredients, Inc. (MGPI) today reported net income of $3,731,000, or $0.23 per common share, for its fiscal 2006 first quarter, which ended September 30. This compares to net income of $291,000, or $0.02 per share, for the first quarter of fiscal 2005. Net sales in the current year's first quarter totaled $77,046,000 compared to net sales of $68,878,000 in the prior year's first quarter.


The company's improved first quarter performance was driven by increased sales of distillery products, which rose approximately 18 percent compared to distillery products sales in the first quarter of fiscal 2005. Sales of ingredients were down slightly due to lower sales of specialty ingredients, which principally consist of specialty wheat proteins and wheat starches. Sales of commodity ingredients, which consist primarily of commodity wheat gluten and wheat starches, rose compared to the year-ago quarter.

"External and internal factors contributed to strength in our distillery business in the first quarter," said Ladd Seaberg, president and chief executive officer. "High gasoline prices and growing interest in the use of renewable fuels have continued to buoy ethanol prices. More importantly, a planned shift toward greater, more efficient production of high quality food grade alcohol drove our performance within the distillery segment."

Ingredient sales in the first quarter were impacted by a decline in sales of the company's Chewtex(TM) line of specialty protein- and starch-based resins, produced for use in the manufacture of pet chews and related treats. This decrease was partially offset by increased sales of commodity wheat gluten during the first quarter. While gluten sales are no longer an emphasis, the company had more gluten available for sale because specialty starch sales have outpaced specialty proteins sales.

"Sales of our Fibersym(TM) line of resistant starches, which we market for incorporation in fiber-enriched, reduced carbohydrate and lower calorie foods, increased in the quarter, while performance of our Arise(R) line of specialty wheat protein isolates declined compared to the year-ago quarter," said Michael Trautschold, executive vice president of marketing and sales. "Even though we experienced sequential gains compared to the fourth quarter of fiscal 2005 in sales of Arise(R) and our Wheatex(R) line of textured proteins, our focus remains on developing additional profitable applications for proteins to keep pace with strengthening specialty starch sales."

Distillery Products

Total sales of distillery products in the first quarter of fiscal 2006 rose by approximately $8.5 million, or 18 percent, compared to the first quarter of fiscal 2005. This improvement resulted from higher selling prices for both food grade and fuel grade alcohol combined with a net volume increase driven by higher unit sales of food grade alcohol for industrial applications.

Sales of food grade alcohol rose by 74 percent, while sales of fuel grade alcohol increased by 5 percent compared to a year ago. Sales of distillers feed, the principal by-product on the alcohol production process, decreased by 17 percent due to lower prices.

Price improvements and higher unit sales resulted in a 124 percent increase in sales of food grade alcohol for industrial applications. Sales of food grade alcohol for beverage applications rose by approximately by 5 percent due to higher prices, which offset a slight reduction in unit sales. The increased sales of fuel grade alcohol also resulted from higher average selling prices, which more than offset lower unit sales compared to a year ago.

Ingredients

Total ingredient sales in the first quarter of fiscal 2006 decreased by approximately $304,000, or 1 percent, compared to the prior year's first quarter. This was due to a nearly 18 percent decline in sales of specialty ingredients for non-food applications. "We believe this decline is attributable to the impact of higher gas costs and a weakening labor market, which has contributed to weaker consumer spending and declining consumer confidence, resulting in a slowdown in pet industry sales," he added.

Sales of specialty ingredients for food applications were just slightly lower than a year ago, while sales of mill feeds and other mill products decreased by 39 percent. Sales of commodity ingredients, on the other hand, increased by approximately 47 percent compared to a year ago. This increase resulted from a significant rise in sales of commodity gluten, which more than offset a decrease in sales of commodity starches.

The decrease in sales of specialty ingredients for non-food applications principally occurred in sales of the company's protein- and starch-based resins for use in pet industry products. Sales of specialty ingredients for food applications benefited from higher sales of specialty starches and a small increase in sales of the company's Wheatex(R) line of textured wheat proteins that are sold for use in meat analog and meat extension applications. These improvements offset a decline in sales of MGPI's Arise(R) line of wheat protein isolates during the quarter. The reduction in sales of commodity starches resulted from the company's decision to place increased emphasis on the production and marketing of specialty starches. The reduction in sales of mill feeds (which is a by-product in the manufacture of flour) and other mill products resulted from the processing of less flour in the current year's first quarter for use in producing specialty proteins.

The increase in commodity gluten sales was due to higher unit sales resulting from higher quantities on hand compared to the prior year's first quarter. This increase adversely affected the company's profitability, as market prices for gluten have been below the company's cost of production. Although MGPI has deemphasized gluten sales because of such poor market conditions, gluten remains a co-product from the processing of flour. Because the company's sales of specialty proteins have not kept pace proportionately with its specialty starch sales, more gluten was available for sale during the first quarter of fiscal 2006 than in the first quarter of fiscal 2005 as less gluten has been processed into specialty proteins.

Segment Data

Complete sales and pre-tax income data by segments for the first quarter ended September 30 follow below. Pre-tax operating income for each segment is based on net sales less identifiable operating expenses. Interest expense, investment income and other general miscellaneous expenses have been excluded from segment operations and classified as Corporate:

Sales 1st QTR. 1st QTR.
FY2006 FY2005
Ingredients Segment $22,450 $22,754
Distillery Products Segment 54,596 46,124

Pre-tax income (loss)
Ingredients Segment ($219) ($115)
Distillery Products Segment 6,949 874
Corporate (536) (278)


The company also announced that plans are underway for the implementation of upgrades at its recently acquired manufacturing facility in Onaga, Kan. that it expects to use as a platform for growth of its eco-friendly, plant-based biopolymers. "Along with our recently-announced plans for a new corporate headquarters and technical center to enhance our research and development functions, these investments will position us well to pursue the exciting growth opportunities available to us in the specialty ingredients arena," added Trautschold.

Outlook

"Looking ahead, we expect that distillery sales will continue to drive our performance in the first half of fiscal 2006," Seaberg said, noting that "strong cash flow from our distillery business has given us the flexibility to pursue our growth objectives on the ingredients side. This will be even more important in the current quarter, as we continue to experience a decline in our non-food ingredients business." He further noted that "we also expect our results in the current quarter will be affected by increased energy and wheat costs compared to this year's first quarter."

Conference Call Information

The company will host an investor conference call today at 10 a.m. central time to review the first quarter results. Stockholders and other interested parties may listen to the call live via telephone by dialing 800-322-0079 by 9:50 a.m. central time, or access it on the Internet at http://www.mgpingredients.com . To see the Earnings Statement and Consolidated Balance Sheet information in .PDF format, click here.

About MGP Ingredients

In business since 1941, MGP Ingredients, Inc. is a recognized pioneer in the development and production of natural grain-based products. The Company has facilities in Atchison, Kan., Pekin, Ill., Onaga, Kan. and Kansas City, Kan. that utilize the latest technologies to assure high quality products and to maintain efficient production and service capabilities.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements as well as historical information. Forward-looking statements are usually identified by or are associated with such words such as "intend," "plan", "believe," "estimate," "expect," "anticipate," "hopeful," "should," "may," "will", "could" and or the negatives of these terms or variations of them or similar terminology. They reflect management's current beliefs and estimates of future economic circumstances, industry conditions, company performance and financial results and are not guarantees of future performance. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Important factors that could cause actual results to differ materially from our expectations include, among others: (i) the availability and cost of grain, (ii) fluctuations in gasoline prices, (iii) fluctuations in energy costs, (iv) competitive environment and related market conditions, (vi) our ability to realize operating efficiencies, (vii) the effectiveness of our hedging programs; (viii) access to capital and (ix) actions of governments. For further information on these and other risks and uncertainties that may affect the company's business, see Item 1. Business - Risks and Uncertainties of the company's Annual Report on Form 10-K for the fiscal year ended June 30, 2005.

MGP Ingredients, Inc.

CONSOLIDATED STATEMENT OF EARNINGS

(unaudited)
(Dollars in thousands, Three Months Ended September 30
except per share) 2005 2004

NET SALES $77,046 $68,878
COST OF SALES 64,862 63,804
GROSS PROFIT 12,184 5,074
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 5,709 4,882
OTHER OPERATING INCOME 168 286
INCOME FROM OPERATIONS 6,643 478
OTHER INCOME (EXPENSE)
OTHER INCOME (NET) 116 309
INTEREST EXPENSE (565) (306)
INCOME BEFORE INCOME TAXES 6,194 481
PROVISION FOR INCOME TAXES 2,463 190
NET INCOME $3,731 $291
OTHER COMPREHENSIVE LOSS (135) (313)

COMPREHENSIVE INCOME (LOSS) 3,596 (22)

BASIC EARNINGS PER COMMON SHARE $0.23 $0.02
DILUTED EARNINGS PER COMMON SHARE $0.23 $0.01

Weighted average shares outstanding - Basic 16,006,923 15,932,913
Weighted average shares outstanding - Diluted 16,491,244 16,648,019



Consolidated Balance Sheets
(unaudited) Sept. 30 June 30
(Dollars in thousands) 2005 2005

ASSETS
CURRENT ASSETS:
Cash and cash equivalents $3,458 $10,384
Receivables 32,985 28,097
Inventories 35,169 31,252

Prepaid expenses 2,130 628
Deferred income taxes 945 663
Refundable income taxes 213 2,622
Total Current Assets 74,900 73,646
PROPERTY AND EQUIPMENT, At Cost 324,357 317,626
Less accumulated depreciation (204,970) (201,997)
119,387 115,629
OTHER ASSETS 221 225

$194,508 $189,500


(unaudited) Sept. 30 June 30
(Dollars in thousands) 2005 2005

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Line of credit $2,000 $-
Current maturities of long-term debt 3,583 4,705
Accounts payable 14,038 11,744
Accrued expenses 7,324 5,621
Deferred income 10,554 10,948
Income taxes payable 426 -
Total Current Liabilities $37,925 $33,018

LONG-TERM DEBT 15,217 16,785
POST-RETIREMENT BENEFITS 6,469 6,342
DEFERRED INCOME TAXES 12,811 12,828
STOCKHOLDERS' EQUITY 122,086 120,527
$194,508 $189,500


SOURCE MGP Ingredients, Inc.

Steve Pickman of MGP Ingredients, Inc., +1-913-367-1480




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