date:May 12, 2014
MGP Ingredients reported results for the first quarter ended March 31, 2014. Net income was $4.7 million, or $0.26 per diluted share, compared to net income of $1.4 million, or $0.08 per diluted share, in the first quarter of the prior year.
Results from the prior year quarter included a profit of $1.4 million, net of tax, from discontinued operations and zero earnings per share from continuing operations.
Net sales for the first quarter declined by approximately 9% from the year-ago quarter.