MGP Ingredients (MGPI) Tops Q2 EPS by 6c

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Go back to MGP Ingredients (MGPI) Tops Q2 EPS by 6c

MGP Ingredients Reports Second Quarter 2020 Results

July 30, 2020 7:31 AM EDT

Operating income increased 4.3% from prior year period; Adjusted operating income up 11.5%

ATCHISON, Kan, July 30, 2020 (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, 2020.

2020 second quarter results compared to 2019 second quarter results

Consolidated sales increased 2.3% to $92.6 million, reflecting a 1.6% increase in the Distillery Products segment and a 5.4% increase in the Ingredient Solutions segment.Consolidated gross profit increased... More