MGP Ingredients (MGPI) Tops Q4 EPS by 16c, Offers Guidance

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Go back to MGP Ingredients (MGPI) Tops Q4 EPS by 16c, Offers Guidance

MGP Ingredients Reports Strong Fourth Quarter and Full Year 2022 Results

February 23, 2023 7:30 AM EST

Full year consolidated sales increased 25% from prior year periodFull year net income and adjusted EBITDA both increased 20%

ATCHISON, Kan., Feb. 23, 2023 (GLOBE NEWSWIRE) --  MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits and food ingredient solutions, today reported results for the fourth quarter and full year ended December 31, 2022.

2022 fourth quarter consolidated results compared to 2021 fourth quarter Sales increased 15% to $191.0 million.Gross profit increased 20% to... More