In the coming quarters, they will be at the tip of the spear of building out best-in-class processes that are designed to enable disciplined execution and long-term success. Let me now provide a brief overview of our fourth quarter and full-year results before outlining key elements of our strategic roadmap and the progress we are making against our key initiatives in each business. Our fourth quarter and full-year 2025 results came in ahead of our expectations as the teams continue to act with diligence an ...

MGP Ingredients (NasdaqGS:MGPI) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsAmit Sharma - VP of Investor RelationsBrandon Gall - CFOJulie Francis - CEOMitchell Pinheiro - SVP and Director of ResearchSeamus Cassidy - Equity Research AssociateConference Call ParticipantsBen Klieve - Senior Research AnalystMarc Torrente - AnalystSean McGowan - Managing Director and Senior Research AnalystOperatorGood day, welcome to the MGP Ingredients Fourth Quarter 2025 Financial Results Conferenc ...

MGP Ingredients (NasdaqGS:MGPI) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsAmit Sharma - VP of Investor RelationsBrandon Gall - CFOJulie Francis - CEOMitchell Pinheiro - SVP and Director of ResearchSeamus Cassidy - Equity Research AssociateConference Call ParticipantsBen Klieve - Senior Research AnalystMarc Torrente - AnalystSean McGowan - Managing Director and Senior Research AnalystOperatorGood day, welcome to the MGP Ingredients Fourth Quarter 2025 Financial Results Conferenc ...

MGP Ingredients (NasdaqGS:MGPI) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Speaker6Good day, welcome to the MGP Ingredients Fourth Quarter 2025 Financial Results Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the Star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press Star, then 1 on a touch-tone phone. To withdraw your question, ...

INVESTOR PRESENTATION Fourth Quarter 2025 2 QUARTERLY AND FULL-YEAR HIGHLIGHTS February 2026 FORWARD LOOKING STATEMENTS AND NON-GAAP DISCLAIMER This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the ability of the whiskey inventories of MGP Ingredients, Inc. (the "Company" or "MGP") to provide optionality and upside; ability of the Company to support and meet liquidity needs an ...

Core Insights - The Mairs & Power Small Cap Fund reported a return of 2.06% in the first nine months of 2025, underperforming against benchmarks such as the Russell 2000 Total Returns Index, which increased by 10.39% [1] - The market remains concentrated in 2025, with a few dominant mega-cap stocks related to artificial intelligence driving most favorable outcomes [1] Fund Performance - The fund's performance lagged behind the S&P Small Cap 600 TR, which rose by 4.24%, and the Morningstar U.S. Fund Small Blend, which returned 6.15% [1] Company Focus: MGP Ingredients, Inc. - MGP Ingredients, Inc. (NASDAQ:MGPI) experienced a one-month return of 1.93% but saw a significant decline of 43.49% over the last 52 weeks, closing at $26.35 per share with a market capitalization of $561.105 million on December 10, 2025 [2] - The company faced challenges due to excess inventory, particularly in bourbon, and shifts in consumer consumption levels across the alcohol industry [3] Hedge Fund Interest - MGP Ingredients, Inc. was held by 18 hedge fund portfolios at the end of the third quarter, down from 26 in the previous quarter, indicating reduced interest among hedge funds [4] - While MGP Ingredients is acknowledged for its potential, certain AI stocks are viewed as offering greater upside potential with less downside risk [4]

Financial Performance - Consolidated sales decreased by 19% to $130.9 million[6] - Branded Spirits sales declined by 3%[6] - Distilling Solutions sales decreased significantly by 43%[6] - Ingredient Solutions sales increased by 9%[6] - Adjusted EBITDA decreased by 29% to $32.3 million[6] - Adjusted EPS decreased by 34% to $0.85[6] - Year-to-date operating cash flows increased 26% to $92.5 million[6, 27] Segment Analysis - Branded Spirits premium plus sales increased 3% to $32.1 million, while value sales decreased 19% to $8.2 million[11] - Distilling Solutions sales decreased 50% to $28.5 million for brown goods[22] - Ingredient Solutions saw a sales increase of 5% to $17.0 million in specialty wheat starches and 15% to $8.9 million in specialty wheat proteins[23] Financial Guidance - The company raised full year adjusted EBITDA guidance to $110 million to $115 million[24] - The company raised full year adjusted basic EPS guidance to $2.60 to $2.75[24]

Industry Trend - Brandy has a long history predating the US, but isn't typically associated with the US [1] - A distillery in New York's Hudson Valley aims to change the perception of brandy in the US [1]

Core Viewpoint - Stock Spirits Group has appointed Steven Libermann as the new CEO, succeeding Jean-Christophe Coutures, who is stepping down for family reasons [1][4]. Group 1: Leadership Transition - Steven Libermann will take over as CEO in December, bringing experience from his previous roles at Nomad Foods, where he held senior positions since 2015 [1][2]. - Libermann is expected to enhance the company's transformation strategy, focusing on empowerment, execution, and sustainable growth [3]. Group 2: Company Developments - Under Coutures' leadership, Stock Spirits expanded its portfolio by acquiring several businesses, including Clan Campbell and Germany's Borco-Marken-Import Matthiesen [3][5]. - The company has also entered the non-alcoholic spirits market with a 0% ABV gin-style product [3]. - Recently, Stock Spirits announced the closure of its production facility in Hamburg, expected to shut down in early 2027 [5]. Group 3: Financial and Market Position - Libermann emphasized the company's strong financial platform and its potential for growth in European markets [4]. - Stock Spirits is transitioning from a central European operator to a leading pan-European player, indicating a strategic shift in its market positioning [5].

Core Insights - Sazerac has acquired Western Son Vodka and Distillery, a craft distiller based in Texas, for an undisclosed amount, marking Sazerac's third acquisition in 18 months [1][4] - The acquisition includes all of Western Son's assets, production capabilities, and employees, although the exact number of staff joining Sazerac has not been confirmed [1][2] - Western Son was previously set to be acquired by Splash Beverage, but that deal was never finalized [3][4] Company Strategy - Sazerac's CEO, Jake Wenz, expressed excitement about the acquisition, highlighting Western Son's strong brand and the opportunity to enhance Sazerac's portfolio and production capabilities [2] - The acquisition aligns with Sazerac's strategy to expand its vodka offerings, which already include brands like Svedka and Wheatley Vodka [5] Market Context - The acquisition follows Sazerac's recent purchases, including Svedka vodka from Constellation Brands and Buzzball, a ready-to-drink cocktails producer [4] - Additionally, Sazerac has taken over the manufacturing and distribution of Coca-Cola's alcoholic ready-to-drink products, further expanding its market presence [5]