secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0000835011-26-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGP Ingredients Q4 net loss $134.6M includes $152.6M impairment; FY sales -24%
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- Q4 net loss of $134.6M, includes $152.6M non-cash goodwill/intangibles impairment (Branded Spirits).
- Full-year sales $536.4M (-24% YoY); adj. net income $61.5M (-51%); adj. EPS $2.85 (-49%).
- Distilling Solutions Q4 sales down 47% (brown goods -53%); Ingredient Solutions down 10% (equipment outage).
- Branded Spirits premium plus portfolio grew 10% in Q4 offsetting mid/value declines; segment sales -1%.
- 2026 guidance: sales $480-500M, adj. EBITDA $90-98M, adj. EPS $1.50-$1.80, capex ~$20M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000083501126000029/0000835011-26-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000083501126000029/mgpi-20260225.htm
  HTML page:      https://secwatch.observer/filing/0000835011-26-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer