Mgp Ingredients Inc Stock Price, News & Analysis

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.

Yellowstone Bourbon has reached a significant milestone in its partnership with the National Parks Conservation Association (NPCA), announcing total donations of $1 million since 2018. The company has renewed its partnership with NPCA, committing to an annual donation exceeding $250,000.

To commemorate this achievement, both organizations are launching a new video series showcasing park protection impacts. The first video, releasing February 20, 2025, will highlight the protection of over 600,000 acres of public lands in the California desert.

The partnership, spanning seven years, has supported various conservation initiatives, including flood relief efforts at Yellowstone National Park in 2022. Named after America's first national park, Yellowstone Bourbon maintains its 150-year legacy through continued support of national park preservation efforts.

MGP Ingredients (Nasdaq:MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, has scheduled its fourth quarter and full year 2024 financial results conference call for Wednesday, February 26, 2025, at 10 a.m. ET. The company plans to release its financial results before market open on the same day.

The conference call will feature Brandon Gall, who serves as both Interim President and CEO, and CFO. Investors can participate through a webcast available on the company's Investor Relations website or by dialing 844-308-6398 (domestic) or 412-717-9605 (international). A replay will be accessible on the company's website after the call.

MGP Ingredients (MGPI) has promoted Michael Buttshaw to President, Ingredient Solutions, effective January 31, 2025. Buttshaw, who previously served as Vice President of Sales, Ingredient Solutions for over 10 years, will lead the development of the Ingredient Solutions business unit, overseeing research and development, manufacturing, quality, supply chain, and sales and marketing teams.

The Ingredient Solutions division specializes in producing specialty wheat proteins and starches for the commercial baking industry, including the Arise®, Fibersym®, and ProTerra® food ingredient lines. Buttshaw brings extensive industry experience, having held leadership roles at Southeastern Mills, Penford Food Ingredients, DSM Food Specialties, and Hormel Foods.

Lux Row Distillers is launching a nationwide release of its Small Batch PX Sherry Cask Finish Kentucky Straight Bourbon Whiskey in February 2025. The new product features 4-year-old ryed straight Kentucky bourbon finished for six months in PX Sherry casks, bottled at 112 proof (56% ABV), with a suggested retail price of $49.99 per 750mL bottle.

The whiskey combines PX Sherry's sweet characteristics with spicy bourbon notes, featuring aromas of dried figs and dates, with flavors of grape syrup, candied fruit, spice, roasted coffee, and dark chocolate. The product initially debuted at the distillery in October 2024, where it gained popularity among visitors. This release joins Lux Row's portfolio, which includes award-winning products like the 12-year Double Barrel and Four Grain Double Single Barrel.