Welcome to our dedicated page for Mgp Ingredients news (Ticker: MGPI), a resource for investors and traders seeking the latest updates and insights on Mgp Ingredients stock.
MGP Ingredients, Inc. (MGPI) combines heritage distilling with innovative food ingredient solutions, serving both premium beverage and functional food markets. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and operational milestones.
Access official press releases and curated news coverage spanning MGPI's distilled spirits innovations and specialty wheat protein advancements. Track updates including earnings reports, production expansions, product launches, and strategic partnerships across both business segments.
Our repository features essential announcements related to bourbon/rye whiskey production, non-GMO ingredient developments, facility upgrades, and market leadership in alcohol purification technologies. Content is organized chronologically for efficient tracking of the company's progress in both traditional and modern food sectors.
Bookmark this page for direct access to MGPI's latest regulatory filings, leadership updates, and sustainability initiatives. Check regularly for insights into how the company maintains its position at the intersection of craft beverage trends and nutritional food innovation.
MGP Ingredients, Inc. (Nasdaq: MGPI) reported record third-quarter results with consolidated sales up 71.5% to $176.6 million and gross profit increasing 146.5% to $57.1 million. Operating income rose 140.9% to $32.9 million, and EPS jumped to $1.08. The strong performance was fueled by a 32.5% increase in premium beverage alcohol sales, particularly brown goods. The company announced an increased full-year 2021 guidance, projecting sales between $570 million and $615 million and adjusted EBITDA of $125 million to $135 million, signaling continued growth across its segments.
MGP Ingredients, Inc. (Nasdaq:MGPI) has declared a quarterly dividend of $0.12 per share, payable on December 3, 2021, to stockholders of record as of November 19, 2021. The company, a leader in distilled spirits and food ingredient solutions, continues to leverage its expertise to enhance product offerings across various segments. With a robust portfolio that includes premium spirits and ingredient solutions, MGP aims to meet growing consumer demands while maintaining a commitment to quality and innovation.
MGP Ingredients, Inc. (Nasdaq: MGPI), a leader in distilled spirits and food ingredient solutions, announced a conference call/webcast to discuss its third-quarter results on November 3, 2021, at 10 a.m. ET. The financial results will be released before the market opens that morning. On the call, management will include David Colo, president and CEO, and Brandon Gall, CFO. The event will be accessible via ir.mgpingredients.com and will be available for replay afterwards.
Luxco announces the arrival of George Remus Single Barrel selections at retailers in September, coinciding with National Bourbon Heritage Month. This marks the second year of the program, which allows retailers to choose from two unique mash bills distilled at MGP's historic distillery in Lawrenceburg, Indiana. The selections are offered at cask strength and come with customizable labels. MGP Master Blender David Whitmer highlights the significance of this program in celebrating the heritage of bourbon.
Lux Row Distillers and Ducks Unlimited have partnered to launch Daviess County Double Barrel Bourbon, a limited-edition bourbon featuring a unique flavor profile. This bourbon, finished in Missouri white-oak barrels, will retail for $49.99 per bottle, available from mid-September 2021. With a mashbill similar to existing Daviess County variants and a proof of 96, it's crafted by Master Distiller John Rempe. The partnership aims to appeal to outdoor enthusiasts and bourbon lovers, with DU members having exclusive access to sample and bid on this release at upcoming events.
Lux Row Distillers has unveiled the Blood Oath Trilogy – Second Edition, comprising limited-release bourbons, Pacts 4, 5, and 6. Limited to 1,400 sets, priced at $799, this collection will be available in late September 2021. Master Distiller John Rempe created the original Blood Oath bourbons in 2014, ensuring each Pact remains unique and unrepeated. The Trilogy highlights bourbons aged from 7 to 14 years, featuring distinctive flavor profiles. Lux Row, merged with MGP Ingredients (Nasdaq: MGPI), is known for its award-winning spirits portfolio.
Luxco has announced that customized bottles of Rossville Union Single Barrel rye whiskey are set to arrive at participating retailers this August for National Rye Month. Retailers previously selected their unique barrels from three mash bills during a virtual tasting event. Master Blender David Whitmer emphasized the program's success, catering to diverse consumer tastes. MGP, known as the 'Masters of Rye,' highlights its expertise through this unique offering, enhancing its portfolio of award-winning spirits, particularly from its historic distillery in Lawrenceburg, Indiana.
MGP Ingredients reported strong Q2 2021 results, achieving consolidated sales of $174.9 million, up 89% year-over-year, driven by record performance across all segments. Gross profit soared 174.5% to $56.8 million, while non-GAAP gross profit rose 186.7% to $59.4 million. Operating income increased 144% to $27.7 million. The company also experienced significant growth in premium beverage alcohol sales, up 54.2%. Full-year sales are projected between $570 million and $580 million.
MGP Ingredients, Inc. (Nasdaq:MGPI) has declared a quarterly dividend of $0.12 per share, payable on September 3, 2021, to stockholders of record as of August 20, 2021. This announcement reflects the company's ongoing commitment to returning value to shareholders.
MGP Ingredients is a prominent producer of distilled spirits and food ingredients, serving various markets from craft brands to multinational entities. The firm operates several U.S. distilleries and bottling facilities, ensuring extensive reach and quality in its offerings.
MGP Ingredients, Inc. (Nasdaq: MGPI) is set to hold a conference call/webcast on August 4, 2021, at 10 a.m. ET to discuss its second-quarter results for the period ending June 30, 2021. Financial results will be made available before the market opens that morning. David Colo, president and CEO, and Brandon Gall, CFO, will lead the call. Interested parties can access the call via webcast at ir.mgpingredients.com. A replay will be accessible post-call on the website.
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