MGP Ingredients, Inc. (MGPI) CEO Gus Griffin on Q3 2019 Results - Earnings Call Transcript

Oct. 31, 2019 11:53 PM ETMGP Ingredients, Inc. (MGPI) StockMGPI
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Q3: 2019-10-31 Earnings Summary

EPS of $0.48 misses by $0.17
 | Revenue of $90.69M (-4.57% Y/Y) misses by $8.80M

MGP Ingredients, Inc. (NASDAQ:MGPI) Q3 2019 Earnings Conference Call October 31, 2019 10:00 AM ET

Company Participants

Mike Houston - Managing Director, Lambert and Company
Gus Griffin - President and Chief Executive Officer
Brandon Gall - Vice President of Finance and Chief Financial Officer

Conference Call Participants

Alex Fuhrman - Craig-Hallum Capital Group

Operator

Good day, and welcome to the MGP Ingredients Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Mike Houston, Investor Relations. Please go ahead.

Mike Houston

Thank you, Shantel. Good morning, everyone, and thank you for joining the MGP Ingredients conference call and webcast to discuss the company’s financial results for the third quarter 2019. I’m Mike Houston with Lambert and Company, MGP’s Investor Relations firm. And joining me today are members of their management team, including Gus Griffin, President and Chief Executive Officer, and Brandon Gall, Vice President of Finance and Chief Financial Officer. We will begin the call with management’s prepared remarks, and then open the call to questions.

However, before we begin today’s call, it is my responsibility to inform you that this call may involve certain forward-looking statements, such as projections of sales, operating income, gross margin and effective tax rate, as well as statements on the plans and objectives of the company’s business. The company’s actual results could differ materially from any forward-looking statements made today due to a number of factors, including the risk factors described in the company’s most recent annual and quarterly reports filed with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements made during the call. If anybody does not have – already have a copy of

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