Investor Relations

Latest Financial Results

Feb 22, 2024 • 7:30 AM EST

FY 2023 Year End Results

Fiscal Year Ended Dec 31, 2023

$836.5M

<p>Sales increased 7% to $836.5 million</p>

$304.7M

<p>Gross profit increased 20% to $304.7 million, representing 36.4% of sales</p>

$180.3M

<p>Adjusted operating income increased 21% to $180.3 million</p>

$131.1M

<p>Adjusted net income increased 20% to $131.1 million</p>

$202.5M

<p>Adjusted EBITDA increased 20% to $202.5 million</p>

$5.90

<p>Adjusted basic EPS increased to $5.90 per share from $4.94 per share</p>

Source: Q4 2023 Earning Press Release

For complete information regarding our financials, see our periodic filings

Latest News

MGP Ingredients Declares $0.12 Quarterly Dividend

View Press Release

MGP Ingredients Schedules Fourth Quarter and Full Year 2023 Conference Call/Webcast for Thursday, February 22

View Press Release

MGP Promotes Amel Pasagic to Chief Commercial Officer

View Press Release

Latest Presentation

Investor Presentation - February 2024

Presentation cover

Latest Event

MGP INGREDIENTS, INC FOURTH QUARTER 2023 RESULTS

Latest Financial Results

$836.5M

Sales increased 7% to $836.5 million

$304.7M

Gross profit increased 20% to $304.7 million, representing 36.4% of sales

$180.3M

Adjusted operating income increased 21% to $180.3 million

$131.1M

Adjusted net income increased 20% to $131.1 million

$202.5M

Adjusted EBITDA increased 20% to $202.5 million

$5.90

Adjusted basic EPS increased to $5.90 per share from $4.94 per share

Source: Q4 2023 Earning Press Release

For complete information regarding our financials, see our periodic filings

*Non-GAAP Financial Measures. View full reconciliation in our Q4 earnings press release.

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2023

MGP Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium distilled spirits, branded spirits, and food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, and bringing product ideas to life collaboratively with our customers.

As one of the largest distillers in the U.S., MGP’s offerings include bourbon and rye whiskeys, gins, and vodkas, which are created at the intersection of science and imagination, for customers of all sizes, from crafts to multinational brands. With distilleries in Kentucky, Kansas, Indiana and Mexico, and bottling operations in Missouri, Ohio, and Northern Ireland, MGP has the infrastructure and expertise to create on any scale.

MGP’s branded spirits portfolio covers a wide spectrum of brands in every segment, including iconic brands from Luxco, which was founded in 1958 by the Lux Family. Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products. Our branded spirits mission is to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco’s award-winning spirits portfolio includes well-known brands from five distilleries: Bardstown, Kentucky-based Lux Row Distillers, home of Ezra Brooks, Rebel, Blood Oath, David Nicholson and Daviess County; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Kentucky Straight Bourbon Whiskey, Minor Case Straight Rye Whiskey and Bowling & Burch Gin; Jalisco, Mexico-based Destiladora González Lux, producer of 100% agave tequilas, El Mayor, Exotico and Dos Primos; MGP’s historic Ross & Squibb Distillery in Lawrenceburg, Indiana, where the Remus Straight Bourbon Whiskey and Rossville Union Straight Rye Whiskey are produced. The innovative and high-quality brand portfolio also includes Everclear Grain Alcohol, Pearl Vodka, Saint Brendan’s Irish Cream, The Quiet Man Irish Whiskey and other well-recognized brands.

In addition, our Ingredient Solutions segment offers specialty proteins and starches that help customers harness the power of plants and provide a host of functional, nutritional and sensory benefits for a wide range of food products.

The transformation of American grain into something more is in the soul of our people, products, and history. We’re devoted to unlocking the creative potential of this extraordinary resource.

Stock Information

MGP Ingredients, Inc.

MGP Ingredients, Inc. at a Glance

Revenue by Segment

Distilling Solutions: $450.9M

Branded Spirits: $253.9M

Ingredient Solutions: $131.7M

As of Dec. 31, 2023 • 10-K 2023

YoY Revenue and Gross Profit Margin Percentage

YoY Revenue

Gross Margin Percentage

As of Dec. 31, 2023 • 10-K 2023

A Strong Collection of Favorite Brands

Dos Primos
el Mayor
Ezra Brooks
Rebel
Remus
Yellowstone

Explore Our Innovative, Trusted Solutions

Our business is divided into three segments: Distilling Solutions, Branded Spirits and Ingredient Solutions.

Distilling Solutions

Our Distilling Solutions segment is a leading supplier of alcohol solutions to third parties. This segment accounts for a number of products from premium beverage alcohol such as bourbons, whiskeys, gins and grain neutral spirits to industrial and fuel grade alcohol and other related co-products.

View Distilling Solutions

Branded Spirits

We have an established portfolio of brands within our Branded Spirits segment. Our products account for a range of price points from value products through ultra premium brands, with a focus on high-end American whiskey, tequila and gin.

View Branded Spirits

Ingredient Solutions

Our Ingredient Solutions segment has made us a reliable, leading supplier of specialty proteins and starches. Among those are the premier brand platforms of: Fibersym® RW, ProTerra®, and Arise®, We can provide commercial food manufacturers with a wide range of nutritional or functional benefits they seek.

View Food Ingredients

IR Contacts

Corporate office

MGP Ingredients, Inc.
100 Commercial Street
PO Box 130
Atchison, KS 66002-0130
United States
Toll-Free: 800-255-0302
T: 913-367-1480
F: 913-367-0192

Investor Relations

Mike Houston
Investor Relations
T: 646-475-2998
investor.relations@mgpingredients.com

Transfer agent

Equiniti Trust Company
Shareowner Services
1110 Center Pointe Curve
Suite 101
Mendota Heights, MN 55120
United States
T: 800-468-9716
https://www.shareowneronline.com