date:Aug 10, 2012
MGP attributed the loss to continuing high costs for raw materials as well as the temporary effects of a planned one-week shutdown of its Atchison plant for maintenance and capital upgrades. The company also incurred higher personnel costs related to the acquisition of the Lawrenceburg, Ind., distillery in late 2011.
Sales were $85,534,000, up 24% from $68,798,000.
Despite the quarterly loss, Tim Newkirk, president and chief executive officer, said MGPI continues to make progress on the top line