MGPI - MGP Ingredients: Tax Tariff Extension And Move Away From White Goods

2024-02-07 03:03:23 ET

Summary

• MGP Ingredients has shown strong revenue growth and expanding margins over the last four years.
• In 3Q23, all of its business segments have shown year-over-year improvement, contributing to consolidated revenue growth.
• Management plans to shift away from white goods, coupled with the benefit of the extension of the EU tax tariff, are anticipated to bolster profitability and the growth outlook.

Synopsis

MGP Ingredients ( MGPI ) is a leading supplier of branded spirits, high-quality distilled spirits, and food ingredients. It is one of the largest distillers in the US, and its branded spirits segment covers an extensive range of brands, including iconic names from its 2021 acquisition of Luxco ....

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