MGP Ingredients, Inc. (NASDAQ:MGPI) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Amit Sharma - VP, IR David Bratcher - CEO & President Brandon Gall - VP, Finance & CFO Conference Call Participants Bill Chappell - Truist Securities Robert Moskow - TD Cowen Marc Torrente - Wells Fargo Ben Klieve - Lake Street Sean McGowan - ROTH Capital Markets Mitch Pinheiro - Sturdivant Operator Good morning, and welcome to the MGP Ingredients Third Quarter 2024 Financial Results Confer ...

For the quarter ended September 2024, MGP (MGPI) reported revenue of $161.46 million, down 23.7% over the same period last year. EPS came in at $1.29, compared to $1.34 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $161.46 million, representing no surprise. The company delivered an EPS surprise of +1.57%, with the consensus EPS estimate being $1.27.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...

MGP (MGPI) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.57%. A quarter ago, it was expected that this producer of distillery and ingredients products used by the packaged goods industry would post earnings of $1.54 per share when it actually produced earnings of $1.71, delivering ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________________ to _________________________________ Commission File Number: 0-17196 MGP INGREDIENTS, INC. (Exact name of registrant as specifie ...

Cray Business Plaza 100 Commercial St., F.O. Box 130 Atchison, Kansas 66002-0130 mgpingredients.com MGP INGREDIENTS PROVIDES CERTAIN PRELIMINARY THIRD QUARTER 2024 RESULTS AND UPDATES FULL YEAR 2024 GUIDANCE Announces webcast of its third quarter earnings conference call for October 31 ATCHISON, Kan., October 17, 2024 - MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced certain preliminary financial results for the third q ...

RADNOR, Pa., Oct. 30, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of MGP Ingredients, Inc. (NASDAQ: MGPI) ("MGP Ingredients"). On October 17, 2024, MGP Ingredients revised its full year 2024 guidance and released its preliminary financial results for the third quarter ended September 30, 2024. In the results, MGP Ingredients revealed that the company expects declin ...

RADNOR, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of MGP Ingredients, Inc. (NASDAQ: MGPI) (“MGP Ingredients”). On October 17, 2024, MGP Ingredients revised its full year 2024 guidance and released its preliminary financial results for the third quarter ended September 30, 2024. In the results, MGP Ingredients revealed that the company expects de ...

RADNOR, Pa. , Oct. 23, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of MGP Ingredients, Inc. (NASDAQ: MGPI) ("MGP Ingredients").On October 17, 2024, MGP Ingredients revised its full year 2024 guidance and released its preliminary financial results for the third quarter ended September 30, 2024. In the results, MGP Ingredients revealed that the company expects declin ...

ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether MGP Ingredients, Inc. ("MGP Ingredients" or the "Company") (NASDAQ: MGPI) complied with federal securities laws. On October 17, 2024, MGP Ingredients announced revised full year 2024 guidance and released preliminary financial results for the third quarter ended September 30, 2024, revealing that that the Company expects declines in sales, adjusted net income, and adjusted EBITDA compared to the third quarter of 2023. F ...

A downtrend has been apparent in MGP (MGPI) lately with too much selling pressure. The stock has declined 26.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spottin ...