MGP Ingredients (MGPI) Tops Q3 EPS by 69c, Offers Guidance

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Go back to MGP Ingredients (MGPI) Tops Q3 EPS by 69c, Offers Guidance

MGP Ingredients Reports Record Third Quarter 2021 Results

November 3, 2021 7:30 AM EDT

Increases full-year 2021 guidanceStrong execution in each business segment led to record results

ATCHISON, Kan., Nov. 03, 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 third quarter ended September 30, 2021.

2021 third quarter results compared to 2020 third quarter results

Consolidated sales increased 71.5% to $176.6 million as a result of strong growth in each of the reporting segments.Consolidated gross profit increased 146.5% to $57.1 million, due to strong growth in each of the... More