MGP Ingredients (MGPI) Tops Q4 EPS by 9c

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Go back to MGP Ingredients (MGPI) Tops Q4 EPS by 9c

MGP Ingredients Reports Strong Fourth Quarter and 2016 Results

March 8, 2017 7:30 AM EST

ATCHISON, Kan., March 08, 2017 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today reported results for the fourth quarter and full year ended December 31, 2016.

2016 fourth quarter results compared to 2015 fourth quarter results

Net sales decreased 0.4% to $81.1 million, as increases in net sales of premium beverage alcohol were more than offset by a sales decline in lower margin industrial alcohol. Gross profit increased 11.6% to $17.6 million, reflecting... More