MGP Ingredients (MGPI) Tops Q3 EPS by 7c, Revenues

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Go back to MGP Ingredients (MGPI) Tops Q3 EPS by 7c, Revenues

MGP Ingredients Reports Strong Third Quarter 2020 Results

October 29, 2020 7:31 AM EDT

Consolidated sales increased 13.5% from prior year period; operating income increased 17.7%

ATCHISON, Kan., Oct. 29, 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 third quarter ended September 30, 2020.

2020 third quarter results compared to 2019 third quarter results

Consolidated sales increased 13.5% to $103.0 million, reflecting an increase in both the Distillery Products and Ingredient Solutions segments.Consolidated gross profit increased 23.3% to $23.2 million, due to increased gross profit in the Ingredient Solutions and... More