Yuengling Projecting 2.9 million Barrels in 2012

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Our very own Yuengling is projecting a production increase in 2012, up to a total of 2.9 million barrels from 2.5 million in 2011.  Details from Bloomberg:

Yuengling said the company has little debt and keeps its marketing and distribution costs lower than most of its peers by having a smaller geographic footprint -- its beers are only available in 14 U.S. states -- and selling more draft beer, which has bigger profit margins and constitutes 30 percent of its business, three times the industry average, according to Yuengling.

Based on the company’s stated 2012 production of 2.9 million barrels and the enterprise value-to-earnings before interest, taxes, depreciation and amortization multiple of Boston Beer, closely held Yuengling is valued at $1.8 billion, according to data compiled by Bloomberg. Enterprise value is defined as market capitalization plus total debt minus cash.
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