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MGP Ingredients Inc (MGPI.OQ)

MGPI.OQ on NASDAQ Stock Exchange Global Select Market

75.68USD
16 Oct 2018
Change (% chg)

$1.98 (+2.69%)
Prev Close
$73.70
Open
$73.93
Day's High
$75.96
Day's Low
$73.25
Volume
29,208
Avg. Vol
65,289
52-wk High
$99.73
52-wk Low
$62.14

Latest Key Developments (Source: Significant Developments)

MGP Ingredients Q2 Earnings Per Share $0.44
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - MGP Ingredients Inc ::MGP INGREDIENTS REPORTS SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.44.Q2 SALES $88.3 MILLION.2018 NET SALES GROWTH IS PROJECTED IN HIGH SINGLE-DIGIT PERCENTAGE RANGE VERSUS 2017.2018 GROSS MARGINS ARE EXPECTED TO CONTINUE TO GROW MODESTLY VERSUS 2017.OPERATING INCOME IS EXPECTED TO GROW BETWEEN 10% AND 15% FOR FISCAL YEAR 2018.  Full Article

MGP Ingredients Says Is Assessing Impact Of U.S. Tax Cuts And Jobs Act
Wednesday, 27 Dec 2017 

Dec 28 (Reuters) - MGP Ingredients Inc ::MGP INGREDIENTS SAYS IS ASSESSING IMPACT OF U.S. TAX CUTS AND JOBS ACT TAX REFORM LEGISLATION ON BUSINESS AND CONSOLIDATED FINANCIAL STATEMENTS.SAYS PRESENTLY EXPECTS ACT TO HAVE POSITIVE EFFECT ON EFFECTIVE TAX RATE FOR 2017 COMPARED TO FORECAST - SEC FILING.  Full Article

MGP Ingredients Q3 earnings per share $0.82
Thursday, 2 Nov 2017 

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 announces new term loan and revolving credit facility agreements
Thursday, 24 Aug 2017 

Aug 24 (Reuters) - Mgp Ingredients Inc :MGP announces new term loan and revolving credit facility agreements.Entered $20 million term loan agreement with Prudential Capital Group.Term loan agreement with prudential capital group, increases co's available borrowing limit by $80 million to total of about $135 million.Successfully completed a new $150 million revolving credit facility agreement with Wells Fargo Bank.‍New revolving credit facility with Wells Fargo expands MGP's borrowing availability by $60 million, extends maturity date to Aug 23, 2022​.Prudential Capital Group term loan of $20 million to bear interest at fixed rate of 3.53 pct per year for 10 years beginning Aug 23, 2017.  Full Article