MGP Ingredients (MGPI) Misses Q2 EPS by 5c, Revenues Miss

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Go back to MGP Ingredients (MGPI) Misses Q2 EPS by 5c, Revenues Miss

MGP Ingredients Reports Second Quarter 2018 Results

August 2, 2018 7:30 AM EDT

ATCHISON, Kan., Aug. 02, 2018 (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 second quarter ended June 30, 2018.

2018 second quarter results compared to 2017 second quarter results

Consolidated net sales increased 2.9% to $88.3 million, reflecting growth in both the Distillery Products and Ingredient Solutions segments.Consolidated gross profit increased 3.3% to $19.4 million from $18.8 million, driven by gross profit growth in the Distillery Products segment, partially offset by a decline in the Ingredient Solutions... More