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MGPI-News
MGPI-Events
MGP Ingredients Appoints Four Strategic Leaders
MGP Ingredients announced four strategic leadership appointments to strengthen its commercial and marketing excellence across the enterprise. Tom Neiheisel joins as vice president, distilling solutions sales; Sol Clahane as managing director, national accounts; Marilyn Chen as brand director for Penelope Bourbon; and David Sanders as vice president of financial planning & analysis. "Together, these four strategic leadership appointments are designed to strengthen the company's commercial and marketing excellence across Distilling Solutions, Branded Spirits and the company as a whole," the company said,
Trump Announces Removal of Whiskey Tariffs
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFFS ON WHISKEY:In a post on Truth Social, U.S. President Donald Trump, "In Honor of the King and Queen of the United Kingdom, who have just left the White House, soon headed back to their wonderful Country, I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland's ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon, two very important Industries within Scotland and Kentucky. People have wanted to do this for a long time, in that there had been great Inter-Country Trade, especially having to do with the Wooden Barrels used." Publicly traded companies in the whiskey space include Brown-Forman, Diageo, Pernod Ricard, Constellation Brands, MGP Ingredients, Davide Campari, and Remy Cointreau.IRAN SENDS PROPOSAL:Iran has sent its latest proposal for negotiations with the United States to Pakistani mediators, Iranian state news agency IRNA said on Friday, according to.RETIREMENT SAVINGS ACCESS:Voya Financial"welcomed" an executive order that facilitates retirement-savings access for Americans who currently lack adequate options. The order directs the U.S. Treasury Department to establish a new platform highlighting high-quality, low-cost, private-sector IRA.
Company Reports Q1 Revenue of $106.4M, Exceeding Expectations
Reports Q1 revenue $106.4M, consensus $104.89M. "I'm pleased with our first quarter results, as sales were in-line with expectations, while adjusted EBITDA and adjusted basic EPS came in ahead of our plans. During the quarter, we remained focused on disciplined execution and long-term value creation, as we continued to navigate a challenging industry backdrop," said Julie Francis, president and CEO. "We also maintained momentum in our premium plus portfolio, led by Penelope Bourbon and continued demand for our specialty offerings, and delivered growth in Ingredient Solutions, reflecting improvements in operational reliability. As we move through 2026, we will continue to follow our strategic roadmap and drive our key growth initiatives, while prioritizing our best opportunities for growth, taking decisive actions, and executing with discipline."
Sees FY26 Revenue of $480M to $500M
Sees FY26 revenue $480M-$500M, consensus $486.13M
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