+11% rip for MGP Ingredients after earnings please

• MGP Ingredients (NASDAQ:MGPI) is up 11% after Q4 results arrive ahead of expectations.
• The company saw an increase in gross margin and net income, despite a 0.4% decline in sales during the quarter.
• "We continue to migrate away from industrial alcohol, gross profit and margins expanded and operating income improved in both our Distillery Products and Ingredient Solutions segments," says CEO Gus Griffin.
• Previously: MGP Ingredients beats by $0.09, revenue in-line (March 8)