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.
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Ross & Squibb Distillery, in partnership with NFL legend Chris Long and his Foundation's Waterboys initiative, completed a project to bring clean water to a community of 1,600 people in arid southern Kenya. A deep borehole well was dug to a depth of 80 meters, yielding 100,000 liters of water per day. The completion of a storage tank, distribution points, and a refillable water trough ensures the well's long-term success in terms of maintenance and sustainability.
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0.27%
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Rebel Bourbon (REBEL) has signed a sponsorship agreement with Richard Childress Racing to become the official sponsor and the official bourbon of Richard Childress Racing and two-time NASCAR Cup Series Champion Kyle Busch. Kyle Busch will race the No. 8 Rebel Bourbon Chevrolet in select races during the 2024 and 2025 NASCAR Cup Series seasons, starting with the Spring race at Richmond Raceway on Sunday, March 31. Rebel Bourbon's award-winning wheated recipe is known for defying trends and being unapologetically bold, qualities that align with the success of both Richard Childress Racing and Kyle Busch.
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-0.95%
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MGP Ingredients, Inc. (Nasdaq: MGPI) promotes Amel Pasagic to Chief Commercial Officer, responsible for all commercial activities across the company's three business segments. Pasagic's data-driven culture and predictive data insights will drive the next phase of growth for MGP.
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2.53%
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MGP Ingredients, Inc. (Nasdaq: MGPI) announced the election of David Bratcher as a Group B member of the Board of Directors, effective January 1, 2024. Bratcher, a longtime beverage alcohol industry veteran, will also become the Company’s next Chief Executive Officer and President. His extensive experience in the industry, including roles at Luxco, Inc., and international spirits company Allied Domecq, makes him well-equipped to lead MGP's growth.
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1.01%
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Lux Row Distillers (LUX) Receives ENERGY STAR Certification, Recognized for Outstanding Energy Efficiency Performance
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-2.63%
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David Colo, the Chief Executive Officer and President of MGP Ingredients, Inc., will retire on December 31, 2023. David Bratcher, the current Chief Operating Officer and President of Branded Spirits, will take over as the new CEO and President starting on January 1, 2024. Colo will remain with MGP in an advisory role until April 2024. Bratcher's appointment is part of the company's deliberate succession planning. He has been with MGP since the merger with Luxco, Inc. in April 2021 and has played a key role in managing the overall business and overseeing the branded spirits portfolio.
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3.43%
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MGP Ingredients, Inc. reported Q3 2023 results with sales increasing 5% to $211.6 million. Gross profit increased 24% to $73.4 million, representing 34.7% of sales. Operating income decreased 41% to $19.8 million. Adjusted operating income increased 26% to $42.7 million. Net income decreased 45% to $13.1 million. Adjusted net income increased 28% to $30.2 million. Adjusted EBITDA increased 24% to $48.1 million. The company increased its full-year guidance.
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3.43%
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MGP Ingredients, Inc. (Nasdaq: MGPI) has declared a quarterly dividend of $0.12 cents per share of common stock. The dividend will be payable on December 1, 2023, to stockholders of record as of November 17, 2023.
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3.43%
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MGP Ingredients to hold conference call/webcast to discuss Q3 2023 results
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-0.97%
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Ross & Squibb Distillery announces the upcoming release of Remus Repeal Reserve Series VII Straight Bourbon Whiskey.
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End-of-Day
-1.21%
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MGP Ingredients Inc
Nasdaq:MGPI
MGPI Rankings
MGPI Stock Data
1.78B
13.95M
36.82%
71.69%
17.74%
Flour Milling
Manufacturing
United States of America
ATCHISON
About MGPI
mgp is a leading u.s. supplier of premium distilled spirits and the largest producer of specialty wheat proteins and starches. the company’s distilled spirits include gins, vodkas, and bourbon and rye whiskeys that are carefully crafted through a combination of art and science and backed by over 150 years of experience. our non-gmo proteins and starches provide functional, nutritional and sensory benefits to a host of applications that align with mgp’s focus on adding more goodness to food. mgp is headquartered in atchison, kansas, where distilled alcohol products and food ingredients are produced. premium spirits are also distilled and matured at the company’s facility in lawrenceburg, indiana.