MGPI - MGP Ingredients beats Q4 top and bottom line estimates; initiates FY23 outlook
- MGP Ingredients press release ( NASDAQ: MGPI ): Q4 Non-GAAP EPS of $1.01 beats by $0.16 .
- Revenue of $191M (+14.5% Y/Y) beats by $7.14M .
- Outlook: MGP is offering the following consolidated guidance for fiscal 2023: Sales are projected to be in the range of $815 million to $835 million vs $823.95M consensus. Adjusted EBITDA is expected to be in the range of $178 million to $183 million. Adjusted basic earnings per common share are forecasted to be in the $5.05 to $5.20 range vs $5.11 consensus, with basic weighted average shares outstanding expected to be approximately 22.2 million at year end.
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MGP Ingredients beats Q4 top and bottom line estimates; initiates FY23 outlook