MGP Ingredients (MGPI) Tops Q2 EPS by 68c In Record Quarter

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Go back to MGP Ingredients (MGPI) Tops Q2 EPS by 68c In Record Quarter

MGP Ingredients Reports Record Second Quarter 2021 Results

August 4, 2021 7:30 AM EDT

ATCHISON, Kan., Aug. 04, 2021 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today reported results for the second quarter ended June 30, 2021.

2021 second quarter results compared to 2020 second quarter results

Consolidated sales increased 89.0% to $174.9 million, as a result of strong growth in each of the reporting segments.Consolidated gross profit increased 174.5% to $56.8 million, representing 32.5% of consolidated sales, due to record gross profit in each of the reporting segments.Non-GAAP gross profit increased 186.7% to $59.4 million, representing... More