MGP Ingredients (MGPI) Tops Q3 EPS by 11c; Guides Above Views

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Go back to MGP Ingredients (MGPI) Tops Q3 EPS by 11c; Guides Above Views

MGP Ingredients Reports Strong Third Quarter 2022 Results

November 3, 2022 7:30 AM EDT

Consolidated sales increased 14% from prior year period
Continued strength across each business segment

ATCHISON, Kan., Nov. 03, 2022 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today reported results for the third quarter ended September 30, 2022.

2022 third quarter consolidated results compared to 2021 third quarter

Sales increased 14% to $201.2 million, as a result of record third quarter sales across all three business segments.Gross profit increased 3% to $59.1 million,... More