MGP Ingredients Reports Strong Fourth Quarter and Full Year 2023 Results
MGP Ingredients, Inc. (MGPI)
Last mgp ingredients, inc. earnings: 4/30 07:30 am
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US:NASDAQ Investor Relations:
ir.mgpingredients.com
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Source: GlobeNewswire
ATCHISON, Kan., Feb. 22, 2024 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today reported results for the fourth quarter and full year ended December 31, 2023. 2023 fourth quarter consolidated results compared to 2022 fourth quarter Sales increased 13% to $214.9 million.Gross profit increased 35% to $85.1 million, representing 39.6% of sales.Operating income increased 45% to $43.1 million. Adjusted operating income increased 70% to $50.4 million.Net income increased 38% to $31.0 million. Adjusted net income increased 63% to $36.6 million.Adjusted EBITDA increased 60% to $56.2 million.Basic earnings per common share ("EPS") increased to $1.39 per share from $1.02 per share. Adjusted basic EPS increased to $1.64 per share from $1.02 per share.Diluted EPS increased to $1.39 per share from $1.01 per share. Adjusted diluted EPS increased to $1.64 per
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MGPI
News
- MGP Ingredients, Inc. (NASDAQ: MGPI) had its price target lowered by analysts at Roth Mkm from $95.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Why MGP Ingredients (MGPI) Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
- Here's Why MGP Ingredients (MGPI) Declined in Q1 [Yahoo! Finance]Yahoo! Finance
- MGP Ingredients's (NASDAQ:MGPI) Q1 Earnings Results: Revenue In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- MGP Ingredients Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
MGPI
Earnings
- 5/2/24 - Beat
MGPI
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/30/24 - Form 144
- MGPI's page on the SEC website