secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012433
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828022012433/0001628280-22-012433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828022012433/mgpi-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012433

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