---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-020860"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:40:39.537763+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients Q2 2022 sales up 11% to $195M; net income up 26%; raises FY guidance

## Summary
- Sales $195.0M (+11% YoY); operating income $35.3M (+28%); net income $25.4M (+26%).
- Diluted EPS $1.15 vs $0.91 prior year; adjusted EPS $1.15 vs $1.27 (down 10%).
- Distilling Solutions sales +19% to $107.1M; brown goods +29% YoY.
- Full-year FY2022 guidance raised: sales $745-765M; adjusted EBITDA $156-163M; basic adj. EPS $4.41-4.65.
- Ingredient Solutions record sales $29.3M (+21%); gross margin improved to 29.0%.

## SEC filing metadata
- accession: 0001628280-22-020860
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828022020860/0001628280-22-020860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828022020860/mgpi-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-020860
- JSON: https://secwatch.observer/filing/0001628280-22-020860.json
- Plain text: https://secwatch.observer/filing/0001628280-22-020860.txt

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