MGP: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 07:46 AM ET
Last Updated - Jun 21, 2023, 10:55 PM EDT
ATCHISON, Kan. (AP) — ATCHISON, Kan. (AP) — MGP Ingredients Inc. (MGPI) on Thursday reported first-quarter profit of $30.8 million.
On a per-share basis, the Atchison, Kansas-based company said it had profit of $1.39.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The producer of distillery and ingredients products used by the packaged goods industry posted revenue of $201 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $198.2 million.
