MGP: Q4 Financial Results Overview
MGP Ingredients Inc. Reports Fourth Quarter Financial Results
MGP Ingredients Inc., headquartered in Atchison, Kansas, announced on Wednesday that it recorded a net loss of $133 million for the fourth quarter.
The company reported a quarterly loss of $6.22 per share. After adjusting for one-time charges and asset impairments, earnings stood at 63 cents per share.
The distillery and ingredients manufacturer, which supplies products to the packaged goods sector, generated $138.3 million in revenue during the quarter.
For the full fiscal year, MGP Ingredients posted a net loss of $106.5 million, translating to $4.99 per share, with total revenue reaching $536.4 million.
Looking ahead, the company anticipates earnings for the upcoming year to fall between $1.50 and $1.80 per share, with projected revenue ranging from $480 million to $500 million.
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