MGP Ingredients (MGPI) Reports Prelim. FY19 Results

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Go back to MGP Ingredients (MGPI) Reports Prelim. FY19 Results

MGP Ingredients Provides Preliminary Full Year 2019 Financial Results

January 17, 2020 8:01 AM EST

ATCHISON, Kan., Jan. 17, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, reported today that based on preliminary financial information, it expects to deliver the following financial results for the full year ended December 31, 2019:

Sales of approximately $362 million.Gross profit of approximately $76 million.Gross margin of approximately 21%.Operating income expected to be in the range of $46-$48 million.Effective tax rate of approximately 16%, and shares outstanding are... More