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Shares of MGP Ingredients (NASDAQ:MGPI) were unchanged after the company reported Q2 results.
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Quarterly Results
Earnings per share increased 135.19% over the past year to $1.27, which beat the estimate of $0.59.
Revenue of $174,939,000 higher by 89.00% from the same period last year, which beat the estimate of $145,330,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
MGP Ingredients hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: Aug 04, 2021
Time: 10:00 AM
ET Webcast URL: https://ir.mgpingredients.com/events-and-presentations
Technicals
52-week high: $76.68
Company's 52-week low was at $34.43
Price action over last quarter: down 3.94%
Company Overview
MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in two segments: Distillery Products and Ingredient Solutions. Distillery Products provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery products segment.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.