MGP Ingredients

MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. It operates through the following segments: Distillery Products, Branded Spirits and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol. It also includes warehouse services, including barrel put away, barrel storage and barrel retrieval services. The Branded Spirits segment focuses on producing, importing, bottling and rectifying of distilled spirits through distilleries and bottling facilities. The Ingredient Solutions segment consists of specialty starches and proteins and commodity starches and proteins. The company was founded by Cloud L. Cray in 1941 and is headquartered in Atchison, KS.

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MGP Ingredients reports record 2022 results amidst challenges and growth opportunities

MGP Ingredients (MGPI) delivered strong financial performance in 2022, driven by growth in key segments and record sales.
The company faces challenges from elevated input costs and balancing production with inventory management.
Opportunities lie in expanding premium brands, leveraging M&A in high-demand categories, and strategic advertising investments.

MGP Ingredients reports robust Q1 performance amidst cost challenges

MGP Ingredients delivered strong financial performance with record sales in key segments.
Challenges include rising input costs and declines in certain brand segments.
Opportunities lie in ESG commitment, normalized inventory levels, and potential margin expansion.

MGP Ingredients reports record Q2 performance and strategic growth plans

MGP Ingredients (MGPI) showcased robust financial performance in Q2, driven by segmental growth and strategic acquisitions.
While facing challenges in certain segments and input cost pressures, the company remains focused on margin improvement and growth opportunities.
With a positive outlook for fiscal 2023 and a strategic approach to growth, MGPI is poised for continued success and value creation.

MGP Ingredients reports Q3 growth, plans distillery closure for profitability

MGP Ingredients delivered a solid performance in Q3 2023 with sales and gross profit growth, despite a decline in net income due to one-time expenses.
The company's strategic focus on segment growth and profitability improvements positions it well for future success.
While challenges exist in managing the distillery closure, MGP Ingredients is poised to capitalize on market opportunities and leadership transitions.
Overall, MGP Ingredients' revised guidance and operational decisions reflect a positive outlook for the company's performance and strategic direction.

MGP Ingredients (MGPI) reports strong Q4 earnings, eyes margin growth

MGP Ingredients (MGPI) delivered robust financial results in Q4 2023, with strong sales and profit growth across all segments. Despite facing challenges in international markets and incremental costs, the company remains focused on margin improvement and sustainable growth strategies.

MGP Ingredients reports mixed Q1 performance, focuses on growth strategies

MGP Ingredients reported mixed Q1 performance with sales growth in key segments but a decline in consolidated sales due to the distillery closure. The company's financial metrics showed decreases in gross profit, operating income, and adjusted net income.
Despite challenges such as gross margin dilution and managing distributor inventory levels, MGP Ingredients remains optimistic about its growth strategies and premiumization focus in branded spirits. The company's guidance for 2024 reflects a strategic approach to financial management and growth.
Opportunities for MGP Ingredients include leveraging strengths in Ingredient Solutions and branded spirits, addressing concerns about overbranding, and optimizing pricing mix strategies. The company's resilience in cash flow and capital allocation strategies demonstrate confidence in long-term prospects.

MGP Ingredients reports strong Q2 results, eyes growth opportunities

MGP Ingredients (MGPI) delivered a robust performance in Q2 2024, showcasing strength in Branded Spirits and Distilling Solutions segments despite challenges in Ingredient Solutions.
Reaffirmation of full-year guidance and strong financial metrics underscore confidence in future prospects and strategic direction.
Addressing challenges through strategic initiatives and seizing growth opportunities can position MGPI for sustained success and market leadership in the spirits industry.

MGP Ingredients faces Q3 sales dip but eyes growth strategies

Despite Q3 challenges, MGPI's strategic actions and focus on premium brands position them well for future growth opportunities.
Management's confidence in reiterated guidance and proactive measures to address challenges reflect a resilient approach to navigating market dynamics.
Balancing challenges with opportunities in segment growth and brand management will be key for MGPI's performance in the coming quarters.

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MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein, and starch food ingredients. It operates through the following segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. The Distilling Solutions segment consists of food grade alcohol and distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil. It also includes warehouse services, including barrel put away, barrel storage, barrel retrieval services, and blending services. The Branded Spirits segment focuses on producing, importing, and bottling distilled spirits through distilleries and bottling facilities. The Ingredient Solutions segment is involved in specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat proteins products. The company was founded by Cloud L. Cray, Sr. in 1941 and is headquartered in Atchison, KS.

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MGPI vs. DEO: Which Stock Should Value Investors Buy Now?

Announces webcast of its third quarter earnings conference call for October 31 Announces webcast of its third quarter earnings conference call for October 31

MGP Ingredients Provides Certain Preliminary Third Quarter 2024 Results and Updates Full Year 2024 Guidance

Exclusively for the holiday season, the special giftpack includes three award-winning Yellowstone Bourbon varieties ST. LOUIS , Oct. 15, 2024 /PRNewswire/ -- Yellowstone Bourbon announced it will release the 2024 Bourbon Giftpack this month.

Yellowstone Bourbon announces 2024 Bourbon Giftpack

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Highly collectible bourbons will be available in September ST. LOUIS , Aug. 15, 2024 /PRNewswire/ -- Three is a magic number – especially when it involves a trilogy of sought-after bourbons.

Lux Row Distillers releases the third edition of its Blood Oath Trilogy featuring Pacts 7, 8 and 9

The eighth-annual release in the award-winning, limited-edition series features a medley of three high-rye bourbons aged between 10 and 17 years ST. LOUIS , Aug. 12, 2024 /PRNewswire/ -- The Lawrenceburg, Indiana-based Ross & Squibb Distillery once again pays homage to its Prohibition legacy with the highly anticipated Remus Repeal Reserve Series VIII Straight Bourbon Whiskey.

Ross & Squibb Distillery celebrates the repeal of Prohibition with the release of Remus Repeal Reserve Series VIII

MGP Ingredients, Inc (NASDAQ:MGPI ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Amit Sharma - Vice President, Investor Relations David Bratcher - Chief Executive Officer & President Brandon Gall - Vice President of Finance & Chief Financial Officer Conference Call Participants Seamus Cassidy - TD Cowen Bill Chappel - Truist Securities Marc Torrente - Wells Fargo Ben Klieve - Lake Street Capital Markets Mitchell Pinheiro - Sturdivant & Co Sean McGowan - ROTH MKM Operator Good day, and welcome to the MGP Ingredients Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

MGP Ingredients, Inc (MGPI) Q2 2024 Earnings Call Transcript

MGP (MGPI) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.49 per share a year ago.

MGP (MGPI) Tops Q2 Earnings and Revenue Estimates

ATCHISON, Kan., Aug. 01, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the second quarter ended June 30, 2024.

MGP Ingredients Reports Second Quarter 2024 Results

Ninth annual release is extra aged and marks the distiller's first-ever Limited Edition double finished in brandy and cognac casks ST. LOUIS , July 29, 2024 /PRNewswire/ -- Limestone Branch Distillery announces the annual release of Yellowstone Bourbon Limited Edition Kentucky Straight Bourbon Whiskey.

Limestone Branch Distillery announces 2024 Yellowstone Bourbon Limited Edition Kentucky Straight Bourbon Whiskey

ATCHISON, Kan., July 18, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today announced that it will report results for the second quarter ended June 30, 2024, on Thursday, August 1, at 10 a.m. ET. The company expects to release its financial results before the markets open.

MGP Ingredients to Report Second Quarter 2024 Financial Results on Thursday, August 1, 2024

The collector's release features a medley of three mash bills, inspired by Ruth's legendary #3, along with a total of 10,624 bottles available, one for each of his plate appearances ST. LOUIS , June 25, 2024 /PRNewswire/ -- The Bambino meets the Bootlegger.

Remus Bourbon introduces Remus Babe Ruth Reserve

ATCHISON, Kan. , June 10, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (MGPI: Nasdaq), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of David Colyott as its Executive Vice President of Operations.

MGP Hires Executive Vice President of Operations

Highly-anticipated award-winning annual release delivers a rich and rebellious flavor ST. LOUIS , June 3, 2024 /PRNewswire/ -- Lux Row Distillers® announced the introduction of Rebel® 10-Year Single Barrel Bourbon, meticulously aged and hand bottled independently at 100 proof (50% ABV) for a unique flavor profile specific to each batch.

Lux Row Distillers introduces Rebel 10-Year Single Barrel Bourbon

Enhanced barrel programs for Remus Bourbon and Rossville Rye showcase the depth and breadth of the distillery's collection of high-rye bourbon and rye whiskey ST. LOUIS , May 29, 2024 /PRNewswire/ -- The historic Lawrenceburg, Indiana-based Ross & Squibb Distillery announced enhancements to its Remus Straight Bourbon Whiskey and Rossville Union Straight Rye Whiskey Single Barrel programs for 2024.

Ross & Squibb Distillery enhances barrel program for 2024 with custom selection kits and guided in-person and virtual tasting options

Hostess Brands

ATCHISON, Kan. , May 20, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of Amit Sharma as its Vice President of Investor Relations.

MGP Hires Vice President of Investor Relations

Industry veteran Paul Lux joins company to continue execution of strategy for the segment Industry veteran Paul Lux joins company to continue execution of strategy for the segment

MGP Names New Distilling Solutions Vice President

MGP Ingredients, Inc. (NASDAQ:MGPI ) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants Mike Houston - Lambert Global, IR David Bratcher - President & CEO Brandon Gall - VP, Finance & CFO Conference Call Participants Gerald Pascarelli - Belport Securities Marc Torrente - Wells Fargo Sean McGowan - ROTH MKM Bill Chappel - Truist Securities Ben Klieve - Lake Street Capital Markets Mitchell Pinheiro - Sturdivant & Co Robert Moskow - Cowen Operator Good day, and welcome to the MGP Ingredients First Quarter 2024 Financial Results Conference Call. [Operator's Instructions] I would now like to turn the conference over to Mike Houston.

MGP Ingredients, Inc. (MGPI) Q1 2024 Earnings Call Transcript

MGP (MGPI) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.39 per share a year ago.

MGP (MGPI) Surpasses Q1 Earnings and Revenue Estimates

ATCHISON, Kan., May 02, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today reported results for the first quarter ended March 31, 2024.

MGP Ingredients Reports First Quarter 2024 Results

In honor of the double-digit age milestone, the latest offering is double finished in Cabernet Franc and Merlot casks ST. LOUIS , April 23, 2024 /PRNewswire/ -- Lux Row Master Distiller and Master Blender John Rempe marks a decade of distinction – and secrecy – as he renews his annual pact with bourbon drinkers by releasing Blood Oath Pact 10 Kentucky Straight Bourbon Whiskey double finished in Cabernet Franc and Merlot casks.

Lux Row Distillers' Blood Oath Pact 10 Kentucky Straight Bourbon Whiskey arrives at retail in April

ATCHISON, Kan., April 18, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of branded and distilled spirits, as well as food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the first quarter ended March 31, 2024, on Thursday, May 2, at 10 a.m. ET. The company expects to release its financial results before the market opens that morning.

MGP Ingredients Schedules First Quarter 2024 Conference Call/Webcast for Thursday, May 2

Award-winning brand extends its portfolio with unique new variant ST. LOUIS , April 9, 2024 /PRNewswire/ -- Lux Row Distillers announced the latest addition to the Ezra Brooks brand family: Ezra Brooks 99 Port Wine Cask Finish.

Lux Row Distillers Introduces Ezra Brooks 99 Port Wine Cask Finish

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