MGP Ingredients celebrates solid 2023 results

Company's plant-based ingredients section posts particularly solid financial results overall for 2023.

MGP Ingredients Inc. reported strong results for both the full year 2023 and the fourth quarter of the fiscal year.

Sales for the year were up nearly 7%, to $836.5 million, while net income dropped slightly, by 1.6%, to $107.1 million, primarily on an increase in interest expenses. For the fourth quarter, sales were $214.9 million, up 12.5% from the same period in 2022. Net…