MGP: Q3 Earnings Snapshot

Associated Press Finance

2024-10-31

MGM Growth Properties LLC0.00%

ATCHISON, Kan. (AP) — ATCHISON, Kan. (AP) — MGP Ingredients Inc. (MGPI) on Thursday reported third-quarter profit of $23.6 million.

The Atchison, Kansas-based company said it had profit of $1.07 per share. Earnings, adjusted for non-recurring costs, came to $1.29 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The producer of distillery and ingredients products used by the packaged goods industry posted revenue of $161.5 million in the period.

MGP expects full-year earnings in the range of $5.55 to $5.65 per share, with revenue in the range of $695 million to $705 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

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