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Stock impact report

MGP Ingredients Inc (MGPI) Q4 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]

MGP Ingredients, Inc. (MGPI) 
Last mgp ingredients, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.mgpingredients.com
Company Research Source: Yahoo! Finance
Positive Points MGP Ingredients Inc ( NASDAQ:MGPI ) reported that their branded spirits and ingredient solutions businesses accounted for the majority of sales and gross profit in 2024, indicating strong performance in these segments. The company is well-positioned in the attractive North American market for American whiskey and tequila, with premium brands like Penelope and El Mayor showing strong double-digit sales growth. MGP Ingredients Inc ( NASDAQ:MGPI ) is taking proactive measures to optimize their distillery cost structure and strengthen customer relationships, which could enhance their competitive position. The ingredient solutions segment showed sequential improvement in sales and gross margin, with strong interest from both existing and new customers, particularly in plant-based foods and healthy snack categories. The company has significantly reduced capital expenditures for 2025, which is expected to result in strong free cash flow despite earnings pressure. Show less Read more
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