MGP Ingredients (MGPI) Tops Q4 EPS by 13c

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Go back to MGP Ingredients (MGPI) Tops Q4 EPS by 13c

MGP Ingredients Reports Fourth Quarter and Full Year 2018 Results

February 27, 2019 7:30 AM EST

ATCHISON, Kan., Feb. 27, 2019 (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, 2018.

2018 fourth quarter results compared to 2017 fourth quarter results

Consolidated net sales increased 18.9% to $104.9 million, as a result of double-digit growth in both premium beverage alcohol and the Ingredient Solutions segment.Consolidated gross profit increased 31.2% to $25.6 million, as gross profit improved in both... More