MGPI profit rises behind gains in ingredient unit

ATCHISON, KAN. — Net income at MGP Ingredients, Inc. increased 20% in the fiscal year ended Dec. 31, 2022, climbing to $108.59 million, equal to $4.94 per share on the common stock, up from $90.6 million, or $4.37 per share, in fiscal 2021. Net sales increased 25% to $782.36 million from $626.72 million. During the […]