MGP Ingredients (MGPI) Tops Q3 EPS by 69c, Offers Guidance

MGP Ingredients (NASDAQ: MGPI) reported Q3 EPS of $1.09, $0.69 better than the analyst estimate of $0.40. Revenue for the quarter came in at $176.6 million versus the consensus estimate of $147.95 million.

GUIDANCE:

MGP Ingredients sees FY2021 revenue of $570-615 million, versus the consensus of $577.6 million.

• Sales are projected to be in the range of $570 million to $615 million.
• Adjusted EBITDA is expected to be in the range of $125 million to $135 million.
• Adjusted earnings per share are forecasted to be in the $3.75 to $4.05 range, with weighted average shares outstanding expected to be approximately 20.7 million at year end.

For earnings history and earnings-related data on MGP Ingredients (MGPI) click here.

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