---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-012433"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-26T00:10:12.185241+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Q1 sales up 80.2% to $195.2M; EPS $1.69 vs $0.90

## Summary
- Sales $195.2M (+80.2% YoY); operating income $50.1M (+144.3%).
- Net income $37.4M (+142.2%); diluted EPS $1.69 vs $0.90.
- Distilling Solutions sales $111.5M (+25.8%); Branded Spirits $55.8M (Luxco acquisition).
- Ingredient Solutions sales $28.0M (+46.2%); gross margin improved to 29.0% from 20.7%.
- FY2022 guidance confirmed: sales $690-715M, adj. EBITDA $150-157M, adj. EPS $4.15-4.35.

## SEC filing metadata
- accession: 0001628280-22-012433
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828022012433/0001628280-22-012433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828022012433/mgpi-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-012433
- JSON: https://secwatch.observer/filing/0001628280-22-012433.json
- Plain text: https://secwatch.observer/filing/0001628280-22-012433.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.