Branded Spirits Acquisition of Penelope Bourbon
CAPITAL ALLOCATION PRIORITIES REMAIN FOCUSED ON
GROWTH OPPORTUNITIES
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Capital Allocation Priorities
MGP
M&A
•
M&A will continue to be an important lever to increase our capabilities,
margin up our portfolios, and accelerate growth in Branded Spirits.
Whiskey Put-Away
.
With our inventory in balance, matching put-away with growing future
Distilling Solutions sales and Branded Spirits sales is a priority.
Capital Expenditures
In addition to maintenance and EHS capital, projects contributing to
growth and strengthening our competitive position (high payback) will
continue to be prioritized.
Dividends
•
.
Achieved a consistent quarterly dividend to approximately 22 million
shares of common stock.
Dividends are viewed as an important way to share the success of the
company with stockholders; assessed quarterly by the board of directors.View entire presentation