{"schema_version":"secwatch.filing_event.v1","accession":"0000835011-26-000066","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.805882+00:00","generated_at":"2026-05-15T02:36:09.500582+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"MGP Ingredients Q1 net loss $134.8M on $179.5M non-cash impairments; adj. EPS $0.15","bullets":["Revenue fell 13% to $106.4M; net loss of $134.8M ($6.30 basic loss) vs year-ago loss of $3.0M.","Recorded $115.7M goodwill and $37.0M indefinite-lived intangible impairments in Branded Spirits; also $26.9M fixed-asset impairment at Lux Row distillery.","Adjusted net income $3.3M (-57%), adjusted EBITDA $15.0M (-31%), adjusted basic EPS $0.15 (-58%).","Branded Spirits sales down 8% to $44.2M, but premium-plus up 1.5% (Penelope Bourbon +10%); Distilling Solutions down 40%.","Reaffirmed FY2026 guidance: sales $480-500M, adj. EBITDA $90-98M, adj. EPS $1.50-1.80; declared $0.12 quarterly dividend."],"urls":{"canonical":"https://secwatch.observer/filing/0000835011-26-000066","json":"https://secwatch.observer/filing/0000835011-26-000066.json","markdown":"https://secwatch.observer/filing/0000835011-26-000066.md","text":"https://secwatch.observer/filing/0000835011-26-000066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000083501126000066/0000835011-26-000066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000083501126000066/mgpi-20260429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:36:09.500582+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5ae30ccb8503bc3bef3c9a0b331e424fcc99115a","claim":"MGP INGREDIENTS INC reported the first quarter ended March 31, 2026 results: revenue $106.4 million, net income $3.3 million, EPS $0.15 per share. Guidance reaffirmed.","evidence_excerpt":"growth, taking decisive actions, and executing with discipline.” First Quarter 2026 Financial Highlights Compared to First Quarter 2025: • Consolidated sales decreased 13% to $106.4 million. • Consolidated gross profit decreased 22% to $33.6 million. Gross margin decreased by 400 basis points to 31.6%. • Net income decreased to a loss of $134.8 million, primarily","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000083501126000066/0000835011-26-000066-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Revenue","value":"$106.4 million"},{"label":"Net income","value":"$3.3 million"},{"label":"EPS","value":"$0.15 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}