MGP Ingredients, Inc. (NASDAQ:MGPI) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET

Company Participants

Mike Houston - Lambert Global, Investor Relations

Dave Colo - President and CEO

Brandon Gall - Vice President, Finance and CFO

Conference Call Participants

Marc Torrente - Wells Fargo

Gerald Pascarelli - Wedbush

Bill Chappell - Truist Securities

Vivien Azer - TD Cowen

Operator

Good morning. And welcome to the MGP Ingredients Third Quarter 2023 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

Please note this event is being recorded. I would now like to turn the conference over to Mike Houston. Please go ahead.

Mike Houston

Thank you. I am Mike Houston with Lambert Global, 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 based on current expectations. The company’s actual results could differ materially from any forward-looking statements made today due to a number of factors, including the risks and uncertainties described in today’s earnings release and the company’s other SEC filings. The company assumes no obligation to update any forward-looking statements or information included in this call.

Additionally, this call will contain reference to certain non-GAAP measures, which we believe are useful in evaluating the company’s performance. Reconciliations of these measures to the most directly comparable GAAP measures are included in today’s earnings release. If anyone does not already have a copy of the earnings release issued by MGP today, you can access it at the company’s website www.mgpingredients.com.

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

Dave Colo

Thank you, Mike, and thanks everyone for joining the call today. On this call, we will begin with an overview of our performance for the quarter ended September 30, 2023, 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.