Financial Performance - Sales for 2022 were $782,358, an increase of 25% compared to 2021, driven by growth in the Distilling Solutions (up 22%), Branded Spirits (up 30%), and Ingredient Solutions (up 28%) segments[138]. - Gross profit for 2022 was $253,306, reflecting a 27% increase from 2021, with the Branded Spirits segment gross profit rising by 52%[140]. - Operating income for 2022 increased to $148,965, an 18% rise from 2021, attributed to higher gross profits across all segments[149]. - Net income for 2022 was $108,872, a 20% increase compared to 2021, with a net income margin of 13.9%[137]. - Basic EPS increased to $4.94 in 2022 from $4.37 in 2021, primarily due to an increase in operating income[155]. Segment Performance - Ingredient Solutions segment sales increased by 28% in 2022, driven by higher sales of specialty wheat starches and proteins[136]. - Total Distilling Solutions sales for 2022 increased by $75,974, or 22%, compared to 2021, driven by higher sales of brown goods and distillers feed[160]. - Total Branded Spirits sales for 2022 increased by $54,373, or 30%, compared to 2021, attributed to additional brands acquired in the Merger[171]. - Ultra Premium branded spirits sales increased by $20,523, or 74%, in 2022 compared to 2021[169]. - Gross profit for Ingredient Solutions increased by $9,288, or 42 percent in 2022, with a gross margin of 27.2 percent compared to 24.5 percent in 2021[184]. Expenses - Advertising and promotion expenses for 2022 were $29,714, an 85% increase from 2021, primarily due to increased investment in the Branded Spirits segment[142]. - SG&A expenses for 2022 were $74,627, a 2% increase from 2021, influenced by the assumption of Luxco's expenses and higher personnel costs[144]. Taxation - The effective tax rate for 2022 was 22.3%, a decrease of 2.7 percentage points from 2021, mainly due to increased state tax credits[151]. - Income tax expense for 2021 was $30,279, with an effective tax rate of 25.0%, up from $12,256 and 23.3% in 2020[152]. Cash Flow and Capital Expenditures - Cash provided by operating activities was $88,936 in 2022, primarily from net income of $108,872[193]. - Cash used in investing activities was $47,813 in 2022, mainly for additions to property, plant, and equipment[195]. - Capital expenditures incurred were $47,859, $51,691, and $18,646 for the years ended December 31, 2022, 2021, and 2020, respectively, with an expected $58,000 for 2023[197]. - Cash used in financing activities for the year ended December 31, 2022 was $14,764, primarily due to dividend payments of $10,646 and principal payments on long-term debt of $3,403[198]. Debt and Liquidity - Total debt was $230,335 at December 31, 2022, with net payments on long-term debt of $3,403 during the year[202]. - Current assets exceeded current liabilities by $348,787 at December 31, 2022, with a cash balance of $47,889[206]. - The company anticipates supporting short-term liquidity and operating needs largely through cash generated from operations[206]. - The company has strong operating results, indicating sufficient credit funding from financial institutions for short-term financing requirements[206]. Dividends and Shareholder Returns - The company declared a quarterly dividend of $0.12 per share payable on March 24, 2023[203]. Market and Strategic Outlook - The company aims to expand its market share in high-end whiskey and tequila categories while enhancing its product offerings in the Branded Spirits segment[135].

MGP Ingredients, Inc. (NASDAQ:MGPI) Q3 2022 Results Conference Call November 3, 2022 10:00 AM ET Company Participants Mike Houston - Lambert & Company Dave Colo - President, CEO Brandon Gall - VP of Finance, CFO Conference Call Participants Marc Torrente - Wells Fargo Gerald Pascarelli - Wedbush Securities Bill Chappell - Truist Securities Ben Klieve - Lake Street Capital Markets Sean McGowan - ROTH Capital Partners Vivien Azer - Cowen Mitch Pinheiro - Sturdivant & Company Operator Good day, and welcome to ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________________ to _________________________________ Commission File Number: 0-17196 MGP INGREDIENTS, INC. (Exact name of registrant as specified in its charter) Kansas 45-4082531 (State or other jurisdiction of inco ...

MGP Ingredients, Inc. (NASDAQ:MGPI) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET Company Participants Mike Houston - Lambert & Company David Colo - President, CEO Brandon Gall - VP of Finance, CFO Conference Call Participants Ben Klieve - Lake Street Capital Markets Mitch Pinheiro - Sturdivant Sean McGowan - ROTH Capital Partners Vivien Azer - Cowen William Chappell - Truist Securities Operator Good morning, everyone, and welcome to the MGP Ingredients Second Quarter 2022 Financial Results Con ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________________ to _________________________________ Commission File Number: 0-17196 MGP INGREDIENTS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 (Exact name of registrant as specified in ...

MGP Ingredients, Inc. (NASDAQ:MGPI) Q1 2022 Results Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Mike Houston - Investor Relations David Colo - President and Chief Executive Officer Brandon Gall - Vice President, Finance and Chief Financial Officer Conference Call Participants Mitchell Pinheiro - Sturdivant & Co. William Chappell - Truist Securities Benjamin Klieve - Lake Street Capital Markets Operator Good day, and welcome to the MGP Ingredients First Quarter 2022 Financial Result ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________________ to _________________________________ Commission File Number: 0-17196 MGP INGREDIENTS, INC. (Exact name of registrant as specified in ...

MGP Ingredients, Inc. (NASDAQ:MGPI) Q4 2021 Earnings Conference Call February 24, 2022 10:00 AM ET Company Participants Mike Houston - Investor Relations Dave Colo - President and Chief Executive Officer Brandon Gall - Vice President, Finance and Chief Financial Officer Conference Call Participants Vivien Azer - Cowen Bill Chappell - Truist Securities Ben Klieve - Lake Street Capital Mitch Pinheiro - Sturdivant Operator Good day and welcome to the MGP Ingredients Fourth Quarter and Full Year 2021 Financial ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR Atchison, Kansas 66002 (Address of Principal Executive Offices) (Zip Code) (913) 367-1480 Registrant's telephone number, including area code ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...

MGP Ingredients, Inc. (NASDAQ:MGPI) Q3 2021 Earnings Conference Call November 3, 2021 10:00 AM ET Company Participants Mike Houston - Investor Relations Dave Colo - President and Chief Executive Officer Brandon Gall - Vice President of Finance and Chief Financial Officer Conference Call Participants Mitch Pinheiro - Sturdivant Bill Chappell - Truist Securities Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are ...