MGP Ingredients (MGPI) Tops Q1 EPS by 7c

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Go back to MGP Ingredients (MGPI) Tops Q1 EPS by 7c

MGP Ingredients Reports First Quarter 2019 Results

May 1, 2019 7:30 AM EDT

ATCHISON, Kan., May 01, 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 first quarter ended March 31, 2019.

2019 first quarter results compared to 2018 first quarter results

Consolidated sales increased 1.3% to $89.1 million, reflecting growth in both the Ingredient Solutions and Distillery Products segments.Consolidated gross profit decreased 12.1% to $16.7 million, as gross profit declined in both the Ingredient Solutions and Distillery Products segments.Consolidated operating income decreased 18.1% to $8.5... More