secwatch.observer — SEC 8-K summary
======================================

Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001628280-22-003643
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGP Ingredients reports record FY2021 sales of $626.7M (+58.5%), raises 2022 guidance
--------------------------------------------------------------------------------

- Full-year diluted EPS rose to $4.34 from $2.37; adjusted EPS $4.24 vs $2.51.
- Q4 sales $166.8M (+65.3%); Q4 operating income up 191.6% to $45.3M.
- Distillery Products full-year sales +12.5% to $352.5M; Branded Spirits $183.6M from Luxco acquisition.
- 2022 guidance: sales $690-715M, adjusted EBITDA $150-157M, adjusted EPS $4.15-4.35 basic.
- Ingredient Solutions sales +16.1% to $90.7M; company plans $33M in expansion projects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828022003643/0001628280-22-003643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828022003643/mgpi-20220224.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-003643

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