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. (Nasdaq: MGPI) is described in its news releases as a leading provider of branded and distilled spirits and food ingredient solutions, operating through three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions. The MGPI news feed on Stock Titan brings together company announcements, brand updates, and financial communications that reflect activity across these segments.
Investors and followers of MGPI can use this page to review earnings releases, outlook updates, and other financial communications the company issues, such as quarterly results and dividend declarations. These items provide insight into segment performance, trends in brown goods and branded spirits, and developments in the Ingredient Solutions business.
The news flow also highlights product and brand activity from MGP’s Branded Spirits division under the Luxco umbrella. Recent releases have covered new and returning expressions from brands like Rebel Bourbon, Penelope Bourbon, Remus Bourbon, and El Mayor Tequila, including flavored whiskeys, ready-to-pour cocktails, and specialty tequila offerings. These announcements give context on how MGP supports innovation and positioning within its premium spirits portfolio.
Corporate governance and leadership changes, such as board transitions and executive appointments, are also reported through MGPI news. Together, these updates help readers understand how MGP Ingredients manages its operations, develops its brands, and communicates with shareholders. Bookmark this page to quickly access MGPI-related earnings news, brand launches, and corporate announcements in one place.
MGP has launched its first Single Barrel release of George Remus Bourbon, offered at cask strength in two distinct mash bills. Early 2020 saw participating retailers collaborate with the distillery to select their preferred barrels. The program's debut has exceeded expectations, highlighting strong demand. Available through select retailers, this offering emphasizes MGP's expertise in high-rye bourbon production. Additionally, the company introduced Rossville Union Single Barrel Straight Rye Whiskey in August 2020, underscoring its commitment to quality and exclusivity in the premium spirits market.
MGP Ingredients, Inc. (Nasdaq: MGPI) has appointed Yvette Hirang as its new Culinary Chef, focusing on the growing plant-based food trend. Hirang will be pivotal in developing ProTerra textured wheat and pea proteins, enhancing the company’s food service initiatives. Her diverse background covers culinary arts, sales, and strategic management, which will support MGP's collaboration with product developers. Previously a consultant with Reinhart Foodservice, she holds an AAS in Culinary Arts and degrees in communications and management technology.
MGP Ingredients (Nasdaq: MGPI) has appointed Jeffrey Ruger as Vice President of Information Technology, a newly created role. Ruger brings over 20 years of IT experience, previously serving as CIO for Fortune 500 companies, where he developed global business strategies. His responsibilities will include leading technological strategy development and administering an ERP system. CFO Brandon Gall emphasized the importance of robust technological infrastructure for business growth. Ruger has prior experience with WIRECO Group and Jarden Corp, where he managed significant IT initiatives and integrations.
MGP Ingredients (Nasdaq: MGPI) has elected Lori L.S. Mingus to its Board of Directors effective June 30, 2020. Mingus, owner of Torpa Design Co., brings extensive experience in graphic design and community involvement as part of the founding Cray family. CEO Dave Colo emphasized her valuable industry knowledge. The company, established in 1941, is known for premium distilled spirits and specialty wheat products, with operations in Atchison, Kansas, and other locations.
MGP (Nasdaq: MGPI) has launched its first Single Barrel release of Rossville Union Rye whiskey, a bottled-in-bond specialty product offered at $49.99 for 750-ml. The program invites select retailers to choose their preferred mash bills, resulting in a personalized offering. Demand has surpassed expectations in its inaugural year, according to Andrew Mansinne, VP of Brands. This launch coincides with National Rye Month and emphasizes MGP's position as a leading rye whiskey distiller.
MGP Ingredients, Inc. (Nasdaq:MGPI) reported a 2.3% increase in consolidated sales for Q2 2020, totaling $92.6 million. This was driven by a 5.4% rise in the Ingredient Solutions segment, despite a 1.6% increase in the Distillery Products segment. Gross profit surged 6.0% to $20.7 million. A cyberattack affected production but operations have resumed. Non-GAAP EPS rose to $0.54, up from $0.46. The company remains optimistic about demand for aged whiskey and industrial alcohol, indicating resilience amid COVID-19 challenges.
MGP Ingredients has declared a quarterly dividend of $0.12 per share, payable on September 4, 2020, to stockholders of record by August 21, 2020. This announcement reinforces the company's commitment to returning value to its shareholders. MGP Ingredients is a leading supplier of premium distilled spirits and specialty wheat proteins, with operations in Atchison, Kansas, and Lawrenceburg, Indiana. They focus on quality production and have a long-standing history in the industry.
MGP (Nasdaq: MGPI) announces the upcoming release of Remus Repeal Reserve Series IV Straight Bourbon Whiskey in September 2020, timed with National Bourbon Month. This limited edition bourbon commemorates Prohibition Repeal Day on December 5 and is crafted from reserve bourbons aged for 12 years. Retailing at $84.99 per 750-ml bottle, it features a high-rye character with rich flavors and has received significant accolades in previous years. MGP plans extensive consumer tastings and events around this release, highlighting demand for their premium bourbon offerings.
MGP Ingredients (MGPI) has appointed Allison Hardy as the new assistant general counsel as of June 10, 2020. Hardy brings substantial experience in finance and corporate governance, previously serving as senior legal counsel at Ultimus Fund Solutions, where she handled regulatory compliance and negotiations in acquisitions. Prior to that role, she was a partner at Stinson LLP, focusing on corporate finance and governance. MGP aims to leverage Hardy's expertise to support its growth initiatives, as stated by General Counsel TJ Lynn.
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