MGP Ingredients (MGPI) Tops Q4 EPS by 6c
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MGP Ingredients Reports Fourth Quarter and Full Year 2019 Results
February 26, 2020 7:30 AM ESTATCHISON, Kan., Feb. 26, 2020 (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 ended December 31, 2019.
2019 fourth quarter results compared to 2018 fourth quarter results
Consolidated sales decreased 11.8% to $92.5 million, as a result of a decline in Distillery Products segment sales, which was partially offset by an increase in Ingredient Solutions segment sales.Consolidated gross profit decreased 15.8% to $21.6 million, due to lower Distillery Products... More