secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0000835011-26-000066
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGP Ingredients Q1 net loss $134.8M on $179.5M non-cash impairments; adj. EPS $0.15
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000083501126000066/0000835011-26-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000083501126000066/mgpi-20260429.htm
  HTML page:      https://secwatch.observer/filing/0000835011-26-000066

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