MGP Ingredients (MGPI) Tops Q1 EPS by 43c, Announces FY Guidance

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MGP Ingredients Reports Record First Quarter 2021 Results

May 5, 2021 7:30 AM EDT

ATCHISON, Kan., May 05, 2021 (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, 2021.

2021 first quarter results compared to 2020 first quarter results Consolidated sales increased 9.3% to $108.3 million, as a result of double-digit growth in premium beverage alcohol within the Distillery Products segment.Consolidated gross profit increased 39.2% to $32.3 million, representing 29.8% of... More