财务表现 - 第二季度销售额为1.908亿美元，同比下降9%。但剔除阿奇逊蒸馏厂关闭的影响后，合并销售额增长7%[4] - 净利润基本持平在3200万美元。调整后净利润增长15%至3800万美元，净利润率增加150个基点至16.8%[5] - 调整后EBITDA增长7%至5750万美元，调整后EBITDA利润率增加450个基点至30.2%[6] - 调整后每股收益增长15%至1.71美元[7] - 预计全年销售额为7.42亿美元至7.56亿美元，调整后EBITDA为2.18亿美元至2.22亿美元，调整后每股收益为6.12美元至6.23美元[9] 业务表现 - 品牌酒类业务销售额增长11%至6400万美元，毛利率增加7.4个百分点至52.5%[12] - 广告和促销费用增加35%至1170万美元[14] - 酒精解决方案业务中白酒和其他副产品销售额下降3,090.2万美元，下降84%[107] - 配料解决方案业务毛利润下降160.2万美元，下降14%[110] 财务状况 - 公司长期债务减少21,987千美元[59] - 公司现金流量表显示经营活动产生的净现金流入为29,582千美元[59] - 公司调整后非GAAP净收益为38,035千美元,每股收益为1.71美元[64] - 公司调整后非GAAP营业收入为51,305千美元[64] - 公司调整后非GAAP息税折旧摊销前利润(EBITDA)为57,532千美元[80] - 公司调整后非GAAP息税前利润(EBIT)为50,043千美元[64] - 第二季度总债务为3.094亿美元，现金及现金等价物为2.101亿美元，净债务为2.884亿美元[85] - 净债务杠杆比率为1.4[86] - 公司调整后EBITDA为2.059亿美元[86] - 公司发行的2.013亿美元可转换票据的转换价格为96.23620美元/股[90] 非经常性项目 - 公司本期计提了9,500千美元的或有对价公允价值变动[75] - 公司本期发生1,639千美元的非经常性费用[78] - 公司本期发生1,218千美元的高管过渡费用[77] - 公司本期发生86千美元的并购交易费用[76] 其他 - 公司于2023年12月关闭了位于堪萨斯州阿奇逊的酒厂[105] - 第二季度总销售额为1.908亿美元，较上年同期下降0.02%[103] - 第二季度综合毛利率为43.7%，较上年同期上升0.1个百分点[103]

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 ...

Ninth annual release is extra aged and marks the distiller's first-ever Limited Edition double finished in brandy and cognac casks ST. LOUIS, July 29, 2024 /PRNewswire/ -- Limestone Branch Distillery announces the annual release of Yellowstone Bourbon Limited Edition Kentucky Straight Bourbon Whiskey. Created by Limestone Branch Distillery Master Distiller Stephen Beam, the 2024 expression is extra aged, featuring 7-year and 17-year aged bourbons and Beam's first double finish in French brandy and cognac ca ...

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 ...

ATCHISON, Kan., May 20, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of Amit Sharma as its Vice President of Investor Relations. This strategic addition to our leadership team underscores our commitment to enhancing communication with our investors and stakeholders, and to strengthening our overall investor relations strategy. Sharma brings over 18 years of experience in ...

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 ...

财务数据和关键指标变化 - 第一季度合并销售额下降15%至1.706亿美元,主要由于阿特奇逊蒸馏厂的关闭 [17] - 剔除阿特奇逊蒸馏厂的影响,合并销售额与上年同期持平 [17] - 毛利润下降10%至6280万美元,毛利率为36.8% [18] - 剔除阿特奇逊蒸馏厂的影响,毛利率为37.3% [18] - 营业利润下降30%至2890万美元,调整后营业利润下降19%至3360万美元 [20] - 净利润下降34%至2060万美元,调整后净利润下降22%至2420万美元 [20] - 每股基本和稀释收益分别下降至0.92美元和0.92美元,调整后每股基本和稀释收益分别下降至1.07美元 [20] - 调整后EBITDA下降17%至4020万美元 [21] 各条业务线数据和关键指标变化 蒸馏解决方案 - 第一季度分部毛利率创纪录,主要由于阿特奇逊蒸馏厂的关闭 [10] - 2024年大部分棕色商品销量已经承诺 [10] - 预计后3个季度利润将强于第一季度,因为客户需求时间的差异以及巴斯敦肯塔基州蒸馏厂扩建项目在4月投产 [10] 品牌烈酒 - 高端Plus系列销售占比从上年同期的33%提升至42% [11] - 单桶高端Plus系列销量由于季节性因素有所下降,但毛利率仍扩大至44.9% [12] - 通过扩大高端Plus品牌组合,特别是龙舌兰酒和美式威士忌品牌,继续增加销售网点 [13] - 与Richard Childress Racing赞助Revelerben品牌,并在旧金山世界烈酒大赛上获得6个双金奖 [13][14] 配料解决方案 - 销售创纪录,主要反映了消费者对高蛋白、低碳水化合物饮食的偏好持续增强 [15] - 新建的Proterra蛋白质设施投入运营,并以拉德·西伯格的名字命名 [16] 各个市场数据和关键指标变化 - 公司在2个新州开始销售品牌烈酒 [13] - 公司正在积极拓展国际市场,特别是美国以外的市场,以增加棕色商品的销量 [73][74] 公司战略和发展方向及行业竞争 - 公司正在向专注于品牌烈酒的公司转型,通过扩大高端Plus品牌组合来增加销售网点和销售速度 [29][28] - 公司将继续评估并购机会,以加速增长并提高产品组合和能力 [22][23] - 公司认为行业内的消费者基本面将在2024年保持良好,尽管需要密切关注通胀等因素的影响 [26] - 公司面临行业内新品牌和SKU激增的挑战,需要不断创新和扩大产品组合以满足消费者需求 [84][85] 管理层对经营环境和未来前景的评论 - 公司对2024年的财务指引保持信心,预计销售额为7.42亿美元至7.56亿美元,调整后EBITDA为2.18亿美元至2.22亿美元 [26][27] - 公司对行业长期健康保持乐观,并对高端Plus品类的持续增长感到鼓舞 [28] - 公司将继续密切关注经销商库存水平、整体美国酒类供给和消费模式以及通胀对消费者的影响 [26] 问答环节重要的提问和回答 问题1 **Gerald Pascarelli 提问** 棕色商品业务在本季度的低单位数下降是否符合预期,未来是否仍将超过行业增长 [33][34] **David Bratcher 和 Brandon Gall 回答** 本季度表现符合预期,公司对未来棕色商品的增长保持乐观,与客户的沟通也没有发现任何变化 [34][35][36] 问题2 **Marc Torrente 提问** 对于2024年全年的财务指引,公司是否更加确定,各季度的业绩预期如何 [43][44][45][46] **Brandon Gall 和 David Bratcher 回答** 公司对全年指引非常确定,各季度的业绩预期与之前的沟通一致,各业务线都有望在下半年表现更好 [44][45][46] 问题3 **Bill Chappell 提问** 品牌烈酒业务在本季度是否受到经销商库存调整的影响,未来是否会有改善 [61][62][63][64] **David Bratcher 和 Brandon Gall 回答** 公司已经稳定了与经销商的库存水平,本季度的下滑主要是由于去年同期的库存调整,未来将有所改善 [62][63][64]