MGP Ingredients (MGPI) Tops Q1 EPS by 6c

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Go back to MGP Ingredients (MGPI) Tops Q1 EPS by 6c

MGP Ingredients Reports First Quarter 2017 Results

May 4, 2017 7:30 AM EDT

ATCHISON, Kan., May 04, 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 first quarter ended March 31, 2017.

2017 results compared to 2016

First quarter consolidated net sales increased 13.4% to $87.2 million as net sales of premium beverage alcohol significantly increased while net sales of industrial alcohol were flat.First quarter consolidated gross profit increased 11.7% to $19.0 million, reflecting stronger gross... More