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MGP Ingredients, Inc. - $MGPI STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MGP Ingredients's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MGP Ingredients's position in the market.

Rhea-AI Summary
Ross & Squibb Distillery announces the upcoming release of Remus Repeal Reserve Series VII Straight Bourbon Whiskey.
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-1.21%
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Rhea-AI Summary
MGP Ingredients reports Q2 2023 results with consolidated sales increasing 7% to $209.0 million. Net income and adjusted EBITDA also increased by 26% and 28% respectively. Sales of brown goods grew 30% and premium plus brands grew 29%. Ingredient Solutions segment saw an 18% increase in sales. Revised guidance for fiscal 2023 includes projected sales of $815 million to $835 million and adjusted EBITDA in the range of $187 million to $192 million.
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7.49%
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7.49%
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dividends
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-0.83%
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Rhea-AI Summary
MGP Ingredients, Inc. announced the planned closure of its distillery in Atchison, Kansas, due to profitability challenges with its grain neutral spirits and industrial alcohol products. The closure is expected to happen in January 2024. The company will continue to operate and invest in its Ingredient Solutions business in Atchison and its distillery operations in Lawrenceburg, Indiana.
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1.61%
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1.83%
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-0.28%
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0.07%
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5.39%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.39%
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dividends
MGP Ingredients, Inc.

Nasdaq:MGPI

MGPI Rankings

MGPI Stock Data

1.66B
13.95M
36.82%
71.69%
17.74%
Flour Milling
Manufacturing
Link
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.