MGPI - MGP Ingredients beats Q2 top and bottom line estimates; raises FY23 outlook
2023-08-03 07:41:15 ET
- MGP Ingredients press release ( NASDAQ: MGPI ): Q2 Non-GAAP EPS of $1.49 beats by $0.24 .
- Revenue of $209M (+7.2% Y/Y) beats by $3.73M .
- Outlook: MGP is offering the following revised consolidated guidance for fiscal 2023:
- Sales are projected to be in the range of $815 million to $835 million vs. consensus of $830.75M.
- Adjusted EBITDA is expected to be in the range of $187 million to $192 million.
- Adjusted basic EPS is forecasted to be in the $5.35 to $5.50 range vs. consensus of $5.20, with basic weighted average shares outstanding expected to be approximately 22.1 million at year end.
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MGP Ingredients beats Q2 top and bottom line estimates; raises FY23 outlook