MGPI News and Press, MGP Ingredients Inc. From 02/23/23

Full year consolidated sales increased 25% from prior year period Full year net income and adjusted EBITDA both increased 20% ATCHISON, Kan., Feb. 23, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits and fo...

ATCHISON, Kan., Feb. 23, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common...

MGP Ingredients ( NASDAQ: MGPI ) is scheduled to announce Q4 earnings results on Thursday, February 23rd, before market open. The consensus EPS Estimate is $0.85 (-2.3% Y/Y) and the consensus Revenue Estimate is $183.86M (+10.2% Y/Y). Over the last 2 years, MGPI has beaten E...

ATCHISON, Kan., Feb. 06, 2023 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced that it will hold a conference call/webcast to discuss results for the fourth quarter and full y...

Summary Investors re-rated $2.1 billion market cap MGP after the 2021 purchase of Luxco, owner of a stable of higher-margin niche market branded spirits, almost doubled annual sales. Comparable acquisition-adjusted sales are up about 13%, but gross profit is only up about 10% due to low...

Daviess County Bourbon and Ducks Unlimited announce three-year partnership PR Newswire Beginning in 2023, the entire family of Daviess County Bourbon variants will be designated as Proud Partner of Ducks Unlimited MEMPHIS, Tenn. , Jan. 11, 2023 /PRNewswir...

MGP Joins Industry Effort to Prevent Underage Access to Alcohol PR Newswire 'We Don't Serve Teens' Education Campaign Launches Nov. 15 ATCHISON, Kan. , Nov. 15, 2022 /PRNewswire/ -- Distilling solutions and branded spirits leader MGP Ingredien...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Russia’s invasion of Ukraine has caused major disruption in commodity markets, and global supplies are tightening as a result. These countries have a pivotal role in wheat production, accounting for over one-quarter ...

Summary MGP Ingredients continues to fare well fundamentally, growing on both its top and bottom lines. This is great for shareholders and the stock has responded in-kind, rising materially compared to the market. But this does not change my stance that the firm should not out...

Summary Since March 2020, MGP Ingredients' stock has been on a tear. The company outperforms again, beating on revenue and EPS, but may not be enough when considering its lofty share price. Each segment has maintained momentum, but the huge run in its share price draws concern...