secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001628280-21-021309
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGP Ingredients Q3 sales up 71.5% to $176.6M, EPS $1.08, raises full-year guidance
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- Consolidated sales $176.6M (+71.5%), gross profit $57.1M (+146.5%), operating income $32.9M (+140.9%).
- Adjusted EPS $1.09 vs $0.61; adjusted EBITDA $38.4M (+124.2%).
- FY2021 guidance raised: sales $570M–$615M, adj. EBITDA $125M–$135M, adj. EPS $3.75–$4.05.
- Distillery Products sales +15%; Branded Spirits $61.6M from Luxco; Ingredient Solutions +12.5%.
- Recorded $6.4M partial insurance settlement for Atchison fire; new dryer expected operational Q4 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828021021309/0001628280-21-021309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828021021309/mgpi-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-021309

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