MGP Ingredients Reports Strong Fourth Quarter and Full Year 2020 Results
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MGP Ingredients (MGPI) Tops Q4 EPS by 13c
February 25, 2021 7:41 AM ESTMGP Ingredients (NASDAQ: MGPI) reported Q4 EPS of $0.75, $0.13 better than the analyst estimate of $0.62. Revenue for the quarter came in at $100.92 million versus the consensus estimate of $100.39 million.
2020 fourth quarter results compared to 2019 fourth quarter results
Consolidated sales increased 9.1% to $100.9 million, as a result of double-digit growth in both premium beverage alcohol and the Ingredient Solutions segment.Consolidated gross profit increased 47.2% to a record $31.7 million, representing 31.4% of consolidated sales, due to improved segment gross profits in both the... More