{"schema_version":"secwatch.filing_event.v1","accession":"0000835011-26-000101","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2026-07-29T11:30:41+00:00","discovered_at":"2026-07-29T11:35:00.410068+00:00","generated_at":"2026-07-29T11:35:24.392372+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MGP Ingredients Q2 sales down 15% to $124.4M; adjusted EPS $0.72 vs $0.97; reaffirms FY guidance","bullets":["Consolidated sales $124.4M (-15% YoY); gross margin 37.4% vs 40.1%; net income $12.0M vs $14.4M.","Adjusted basic EPS $0.72 vs $0.97; adjusted EBITDA $27.6M (-23%).","Distilling Solutions sales fell 42% to $29.2M on 59% decline in brown goods; Ingredient Solutions sales up 2% but gross margin halved to 10.1%.","Branded Spirits sales down 1% to $59.6M; premium plus up 5% led by Penelope Bourbon (+13%) and Yellowstone.","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/0000835011-26-000101","json":"https://secwatch.observer/filing/0000835011-26-000101.json","markdown":"https://secwatch.observer/filing/0000835011-26-000101.md","text":"https://secwatch.observer/filing/0000835011-26-000101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000083501126000101/0000835011-26-000101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000083501126000101/mgpi-20260729.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-29T11:35:24.392372+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}