ATCHISON, Kan. (AP) — ATCHISON, Kan. (AP) — MGP Ingredients Inc. (MGPI) on Wednesday reported a loss of $133 million in its fourth quarter.
On a per-share basis, the Atchison, Kansas-based company said it had a loss of $6.22. Earnings, adjusted for asset impairment costs and non-recurring costs, were 63 cents per share.
The producer of distillery and ingredients products used by the packaged goods industry posted revenue of $138.3 million in the period.
For the year, the company reported a loss of $106.5 million, or $4.99 per share. Revenue was reported as $536.4 million.
MGP expects full-year earnings in the range of $1.50 to $1.80 per share, with revenue in the range of $480 million to $500 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGPI at https://www.zacks.com/ap/MGPI
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