MGP Ingredients Reports First Quarter 2020 Results

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Go back to MGP Ingredients Reports First Quarter 2020 Results

MGP Ingredients (MGPI) Tops Q1 EPS by 25c; Withdraws Guidance

April 30, 2020 7:35 AM EDT

MGP Ingredients (NASDAQ: MGPI) reported Q1 EPS of $0.61, $0.25 better than the analyst estimate of $0.36. Revenue for the quarter came in at $99.1 million versus the consensus estimate of $87.67 million.

We are very pleased with our results this quarter, which reflect strong customer demand in both business segments and improved effectiveness in our tactical execution, said Gus Griffin, CEO of MGP Ingredients. As the COVID-19 pandemic continues to create a period of uncertainty and potential challenges, we remain committed to responding to these challenges while ensuring the safety and well-being of our employees.... More