Mgp ingredients reports third quarter 2019 results

Mgp ingredients reports third quarter 2019 results.q3 earnings per share $0.48.sees fy 2019 earnings per share $2.55 to $2.75.q3 sales fell 4.6 percent to $90.7 million.2019 sales growth is projected in mid-single-digit percentage range versus 2018.overall american whiskey market remains robust, volatility of customers' orders continues to be a challenge this year.saw a decline in our new distillate business this quarter.white goods and industrial alcohol oversupply situation continued this quarter.2019 gross margins are expected to increase modestly versus 2018.estimate of growth in operating income in 2019 is 10% to 20%.
MGPI Ratings Summary
MGPI Quant Ranking