MGP (MGPI) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.04%. A quarter ago, it was expected that this producer of distillery and ingredients products used by the packaged goods industry would post earnings of $1 per share when it actually produced earnings of $1.07, delivering a ...

ATCHISON, Kan., Aug. 01, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock. The dividend is payable on August 30, 2024 to stockholders of record as of August 16, 2024. About MGP Ingredients, Inc. MGP Ingredients, Inc. (NASDAQ:MGPI) is a leading producer of premium branded and distilled spir ...

Core Points - Limestone Branch Distillery announces the 2024 release of Yellowstone Bourbon Limited Edition, featuring a unique double finish in brandy and cognac casks, marking a first for the distillery [1][2][3] - The bourbon is extra aged, incorporating 7-year and 17-year aged bourbons, and will be available in an allocation of 10,000 cases at a suggested retail price of $99.99 per 750mL bottle [1][4] Product Details - The 2024 Yellowstone Limited Edition has a rich amber color and offers aromas of pear, panela sugar, ripe apple, and leather, with a flavor profile that includes American basswood honey, ripe stone fruits, and traditional notes of caramel and vanilla [4][5] - The finish of the bourbon is described as warm and inviting, featuring notes of honey, Bosc pear, butterscotch, and leather [4] Distillery Background - Limestone Branch Distillery has been releasing the Yellowstone Limited Edition annually since 2015, with the 2024 release focusing on enhancing the natural flavors through innovative finishing techniques [3][5] - The distillery is part of Luxco, a leading producer and supplier of beverage alcohol products, which merged with MGP Ingredients, Inc. in 2021 [6]

The Bambino meets the Bootlegger. Remus Bourbon is proud to announce an official partnership with the estate of Babe Ruth that has culminated in the release of Remus Babe Ruth Reserve – a blend of three high-rye bourbons aged for six-to-seven years and offered at 111 proof (55.5% ABV). A limited supply of 10,624 bottles, one for each of the Babe's plate appearances, will arrive at retail this July at a minimum suggested price of $149.99 per 750mL bottle. A QR code on the back label allows consum The Bambino ...

"We are thrilled to welcome Dave to our team," said David Bratcher, CEO and President of MGP Ingredients. "His deep experience in rapidly evolving global supply chain environments and proven leadership credentials are a great fit for MGP as we continue to execute our long-term strategy of transitioning into a branded spirits company. Additionally, I want to express our deepest gratitude for Steve's tireless efforts and invaluable contributions in building a very talented and committed supply chain team at M ...

Highly-anticipated award-winning annual release delivers a rich and rebellious flavor ST. LOUIS, June 3, 2024 /PRNewswire/ -- Lux Row Distillers® announced the introduction of Rebel® 10-Year Single Barrel Bourbon, meticulously aged and hand bottled independently at 100 proof (50% ABV) for a unique flavor profile specific to each batch. The annual release will be available in a limited allocation later this month at a suggested retail price of $99.99 per 750mL bottle. Lux Row Distillers announced the introdu ...

Enhanced barrel programs for Remus Bourbon and Rossville Rye showcase the depth and breadth of the distillery's collection of high-rye bourbon and rye whiskey ST. LOUIS, May 29, 2024 /PRNewswire/ -- The historic Lawrenceburg, Indiana-based Ross & Squibb Distillery announced enhancements to its Remus Straight Bourbon Whiskey and Rossville Union Straight Rye Whiskey Single Barrel programs for 2024. The distillery is offering unique kits for each brand with the option to experience a private, guided tasting of ...

Company Overview - MGP Ingredients, Inc. is a leading provider of branded and distilled spirits as well as food ingredient solutions [1] - The company has been operational since 1941, focusing on formulating excellence and collaborating with customers to bring product ideas to life [5] - MGP is one of the largest distillers in the U.S., offering a variety of spirits including bourbon, rye whiskeys, gins, and vodkas [6] Leadership Changes - MGP Ingredients has appointed Amit Sharma as the Vice President of Investor Relations, emphasizing the company's commitment to enhancing communication with investors and stakeholders [1][4] - Sharma has over 18 years of experience in investor relations and financial communications, previously serving at Hostess Brands and as a sell-side analyst in the consumer food and beverage industries [2][3] Strategic Focus - In his new role, Sharma will oversee all aspects of the investor relations program, developing strategies to effectively communicate the company's vision, performance, and growth prospects [3] - The leadership team, including CEO David Bratcher and CFO Brandon Gall, expressed enthusiasm about Sharma's addition, highlighting the importance of strengthening investor relations during a pivotal growth period for the company [4]

ATCHISON, Kan., May 06, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc., (MGPI: Nasdaq), a leading producer of branded and distilled spirits as well as food ingredient solutions, has named Paul Lux as Vice President of Sales for the Distilling Solutions segment, effective today. Lux will work closely with Amel Pasagic, Chief Commercial Officer, on the continued execution of MGP's strategy for the Distilling Solutions segment. "Paul knows how we operate, both from his time as part of the Luxco leadership team ...

MGP (MGPI) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7%. A quarter ago, it was expected that this producer of distillery and ingredients products used by the packaged goods industry would post earnings of $1.38 per share when it actually produced earnings of $1.64, delivering a sur ...