MGP Ingredients (MGPI) Reports Q4 EPS of $0.38
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MGP Ingredients Reports Strong Fourth Quarter and Full Year 2015 Results
March 10, 2016 7:30 AM ESTATCHISON, Kan., March 10, 2016 (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 fourth quarter and full year periods ended December 31, 2015.
2015 full year highlights
Net sales increased 4.5% to $327.6 million.Gross profit increased 105.9% to $58.5 million.Gross margin improved 8.8 percentage points to 17.9%. Operating income increased 97.7% to $32.9 million. 2014 operating income of $16.6 million included an $8.3 million insurance settlement gain.Net income increased 10.6% to $26.2 million.... More