MGP Ingredients, Inc. (NASDAQ:MGPI) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET

Company Participants

Mike Houston – Investor Relations

Dave Colo – President and Chief Executive Officer

Brandon Gall – Vice President-Finance and Chief Financial Officer

Conference Call Participants

Vivien Azer – Cowen

Marc Torrente – Wells Fargo

Ben Klieve – Lake Street Capital Markets

Bill Chappell – Truist Securities

Sean McGowan – ROTH

Gerald Pascarelli – Wedbush Securities

Mitch Pinheiro – Sturdivant & Co.

Operator

Good day, and welcome to the MGP Ingredients Fourth Quarter and Full Year 2022 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Mike Houston, Investor Relations. Please go ahead.

Mike Houston

Thank you. I'm Mike Houston with Lambert & Company, MGP's Investor Relations firm.

And joining me are members of their management team, including Dave Colo, President and Chief Executive Officer; and Brandon Gall, Vice President of Finance and Chief Financial Officer.

We will begin the call with management's prepared remarks and then open the call to questions.

However, before we begin today's call, it is my responsibility to inform you that this call may involve certain forward-looking statements such as projections of sales, operating income, gross margin and effective tax rate, as well as statements on the plans and objectives of the company's business and overall consumer and industry trends. The Company's actual results could differ materially from any forward-looking statements made today due to a number of factors, including the risk factors described in the company's most recent annual report filed with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements made during the call today.

Additionally, this call will contain reference to certain non-GAAP measures which we believe are useful in evaluating the Company’s performance.

A reconciliation of these measures to the most directly comparable GAAP measures are included in today's earnings release and supplemental information furnished to the SEC under Form 8-K. If anyone does not already have a copy of the press release issued by MGP today, you can access it at the company's website, www.mgpingredients.com.

At this time, I'd like to turn the call over to MGP's President and Chief Executive Officer, Dave Colo. Dave?

Dave Colo

Thank you, Mike. And thanks to everyone for joining the call today.

On this call, we will begin with an overview of our performance for the quarter and full year ended December 31, 2022; provide updates on key financial performance metrics; and discuss the progress we have made against our strategy. At the end of the call, we will open the line for Q&A.