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MGP Ingredients Q3 profit climbs 7.9% YOY

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MGP Ingredients Q3 profit climbs 7.9% YOY

4912311 said its normalized net income for the third quarter amounted to 32 cents per share, compared with the S&P Capital IQ consensus estimate of 31 cents per share.

EPS increased 11.1% year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.3 million, a gain of 7.9% from $4.9 million in the prior-year period.

The normalized profit margin increased to 6.6% from 6.1% in the year-earlier period.

otal revenue totaled $79.9 million, compared with $80.3 million in the prior-year period, and total operating expenses decrease MGP Ingredients Inc.