MGP Ingredients (MGPI) Tops Q2 EPS by 24c

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Go back to MGP Ingredients (MGPI) Tops Q2 EPS by 24c

MGP Ingredients Reports Third Quarter Results

November 2, 2016 7:30 AM EDT

ATCHISON, Kan., Nov. 02, 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 third quarter ended September 30, 2016.

2016 third quarter results compared to 2015 third quarter

Consolidated net sales decreased 0.5% to $79.9 million as strong increases in net sales of premium beverage alcohol were more than offset by a sales decline in lower margin industrial alcohol.Consolidated gross profit increased 27.5% to $15.1 million,... More

MGP Ingredients Declares $0.02 Quarterly Dividend

November 2, 2016 7:25 AM EDT

ATCHISON, Kan., Nov. 02, 2016 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its board of directors has declared a quarterly dividend of 2 cents per share of common stock payable on December 8, 2016 to stockholders of record as of November 14, 2016.

This quarterly dividend is evidence of the continuing progress we have made toward transforming MGP and reflects our confidence in the Companys ability to deliver positive cash flow in 2016 and beyond, said Karen Seaberg,... More