secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001628280-22-020860
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828022020860/0001628280-22-020860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828022020860/mgpi-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-020860

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