MGP Ingredients (MGPI) Tops Q1 EPS by 6c
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MGP Ingredients Reports First Quarter 2017 Results
May 4, 2017 7:30 AM EDTATCHISON, Kan., May 04, 2017 (GLOBE NEWSWIRE) -- MGPÂ Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today reported results for the first quarter ended March 31, 2017.
2017 results compared to 2016
First quarter consolidated net sales increased 13.4% to $87.2 million as net sales of premium beverage alcohol significantly increased while net sales of industrial alcohol were flat.First quarter consolidated gross profit increased 11.7% to $19.0 million, reflecting stronger gross... More