MGP: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 08:06 AM ET
Last Updated - Jun 22, 2023, 07:59 PM EDT
ATCHISON, Kan. (AP) — ATCHISON, Kan. (AP) — MGP Ingredients Inc. (MGPI) on Thursday reported fourth-quarter profit of $22.5 million.
On a per-share basis, the Atchison, Kansas-based company said it had net income of $1.01.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
The producer of distillery and ingredients products used by the packaged goods industry posted revenue of $191 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $185.8 million.
