Mgp Ingredients Inc Stock Price, News & Analysis

MGP Ingredients (MGPI) has announced the appointment of two new independent directors to its Board: Gerardo 'Gerry' Lopez and Martin Roper, while Preet Michelson has resigned from the Board. Following these changes, the Board will maintain nine directors, with eight being independent.

Lopez brings significant executive experience as former President and CEO of AMC Entertainment Holdings and EVP at Starbucks Coffee Company. He currently serves on the boards of CBRE Group, Newell Brands, and Realty Income Roper is the current CEO of Vita Coco Company and serves on Fintech's board, with previous experience as CEO of The Boston Beer Company.

Board Chairman Donn Lux expressed confidence that the new directors' industry knowledge and operational expertise will help guide MGPI's next growth phase and strategic priorities.

Luxco has announced the launch of Escasa, a new ultra-premium sipping Tequila, available nationwide. The portfolio includes Blanco, with Reposado set to release in summer 2025.

Fourth-generation Master Distiller Graciela "Grace" Gonzalez crafts Escasa using:

• Hand-selected 100% Blue Weber agave from different single estates yearly
• Triple-distillation process
• Extra pure water, mature single estate-grown agave
• Heirloom yeast and Bagazo fibers for enhanced depth during fermentation

The upcoming Reposado variant will be uniquely aged in Albariño wine barrels from Rias Baixas, Spain, marking a first-of-its-kind aging process in the tequila industry.

Lux Row Distillers announces the release of Blood Oath Pact 11 Kentucky Straight Bourbon Whiskey, finished in Añejo tequila barrels. This edition blend combines a 14-year ryed bourbon, a 10-year wheated bourbon, and a 7-year ryed bourbon finished in Añejo tequila barrels, bottled at 98.6 proof (49.3% ABV).

The release is to 51,000 bottles, with 17,000 cases arriving at retail in April 2025 at a suggested price of $129.99 per 750mL bottle. The bourbon features vanilla, black pepper, cherry, and citrus notes, finishing with black cherry and dark chocolate flavors. In-person purchases will be available at Lux Row Distillers in Bardstown, Kentucky on April 26, to one bottle per customer.

Of the total allocation, 1,400 bottles will be reserved for a future Trilogy release, continuing the tradition of previous Blood Oath Trilogy collections launched in 2018, 2021, and 2023.

Yellowstone Bourbon has launched Small Batch 107, a new permanent addition to its portfolio. This six-year-aged bourbon, bottled at 107 proof, is the brand's first expression with an age statement and one of its highest-proof everyday offerings. The non-chill filtered bourbon features notes of caramel, vanilla, chocolate, oak, honey, and signature cherry notes.

Available nationwide at a suggested retail price of $44.99 per 750mL bottle, Small Batch 107 joins Yellowstone's growing family of seven expressions. The launch pays homage to the brand's history, as Yellowstone was Kentucky's top-selling whiskey in the 1960s when it was bottled at six years old. Master Distiller Stephen Beam crafted this expression to achieve an ideal balance of flavor and depth.

The brand's other expressions have received notable recognition, including Double Gold awards for Yellowstone Select at the 2024 SIP Awards and various accolades for their Special Finishes Collection.

MGP Ingredients (Nasdaq:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, has announced its participation in the upcoming 37th Annual Roth Conference. Brandon Gall, serving as Interim President and CEO, and CFO, along with Amit Sharma, VP of IR, will represent the company in a fireside chat scheduled for March 17, 2025, at 4:30 p.m. Eastern.

Investors and interested parties can access the live webcast through the 'News & Events' section on MGP's investor relations website at ir.mgpingredients.com/news-events. A replay of the presentation will be made available on the company's website following the conclusion of the event.

Remus Bourbon has launched its new Master Distiller Experimental Series, with the debut of Experimental Series No. 1. The series originated from a 2015 barrel experiment that produced exceptional whiskey, now being released by Master Distiller Ian Stirsman.

The first release is a nine-year-old bourbon aged in lightly charred heavily toasted Seguin Moreau barrels with 24-month seasoned staves. Bottled at 107-proof, it features distinct notes of cedar, port wine, and fig on the nose, with oak, toasted marshmallow, and chocolate flavors, finishing with candied pecans, black walnut, and leather notes.

Available at an SRP of $79.99, this -edition bourbon will be distributed across select retailers in AZ, CA, CT, KS, MA, MD, MO, NY, OH, TX, UT, WA and WI. The series will become an annual release, allowing experimentation with grains, recipes, and maturation techniques.

Rebel Bourbon has launched a -edition Kyle Busch 108 Single Barrel Bourbon, in collaboration with two-time NASCAR Cup Series Champion Kyle 'Rowdy' Busch and Richard Childress Racing (RCR). The bourbon is bottled at 108 proof (54% ABV) and aged for four years using Rebel's traditional wheated recipe dating back to 1849.

The release consists of 5,000 cases available nationwide at a suggested retail price of $39.99 per 750mL bottle. Each bottle features a unique barrel number selected by Busch, along with his signature, number, and the RCR logo. The partnership includes Rebel's sponsorship of the No. 8 Chevrolet in select NASCAR Cup Series races, including the upcoming EchoPark Automotive Grand Prix on March 2 in Austin, Texas.

MGP Ingredients (MGPI) reported Q4 and full year 2024 results, with Q4 consolidated sales decreasing 16% to $180.8 million. The company faced challenges from elevated industry-wide barrel whiskey inventories affecting brown goods sales and pricing. Q4 net income showed a loss of $42.0 million due to a one-time, non-cash goodwill adjustment of $73.8 million in the Branded Spirits segment.

For full year 2024, consolidated sales decreased 16% to $703.6 million, while gross profit declined 6% to $286.3 million. The company's premium plus portfolio, led by Penelope, outpaced category growth despite headwinds. Operating cash flows increased by $18.5 million to $102.3 million, and the company repurchased 886,936 shares for $46.6 million.

For 2025, MGP projects sales between $520-540 million, adjusted EBITDA of $105-115 million, and adjusted basic EPS of $2.45-2.75.

MGP Ingredients (MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, has announced a quarterly dividend declaration. The company's board of directors has approved a dividend payment of $0.12 per share of common stock.

Shareholders who are recorded as stockholders by March 14, 2025, will receive the dividend payment on March 28, 2025.