MGP: Q4 Earnings Snapshot
ATCHISON, Kan. (AP) _ MGP Ingredients Inc. (MGPI) on Thursday reported fourth-quarter earnings of $31.6 million.
The Atchison, Kansas-based company said it had net income of $1.40 per share. Earnings, adjusted for non-recurring gains, were 87 cents per share.
The producer of distillery and ingredients products used by the packaged goods industry posted revenue of $166.8 million in the period.
For the year, the company reported profit of $90.6 million, or $4.34 per share. Revenue was reported as $626.7 million.
MGP expects full-year earnings in the range of $3.95 to $4.10 per share, with revenue in the range of $690 million to $715 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGPI at https://www.zacks.com/ap/MGPI