---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-027971"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T10:41:31.656561+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients Q3 sales up 14% to $201.2M; raises FY2022 guidance

## Summary
- Q3 sales $201.2M (+14% YoY); net income $23.6M vs $23.7M; diluted EPS $1.06 vs $1.08.
- Distilling Solutions sales record $108.6M (+19%); brown goods sales +34% YoY.
- Branded Spirits sales record $62.8M (+2%); gross margin expanded to 39.9%.
- Ingredient Solutions sales record $29.7M (+24%) driven by plant-based food demand.
- FY2022 guidance raised: sales $765-780M, adj. EBITDA $162-167M, adj. EPS $4.62-4.80.

## SEC filing metadata
- accession: 0001628280-22-027971
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828022027971/0001628280-22-027971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828022027971/mgpi-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-027971
- JSON: https://secwatch.observer/filing/0001628280-22-027971.json
- Plain text: https://secwatch.observer/filing/0001628280-22-027971.txt

## Key facts
- Earnings Releases
  MGP INGREDIENTS INC reported third quarter ended September 30, 2022 results: revenue $201.2 million, net income $23.6 million, EPS $1.06 per share. Guidance raised.
  - Period: third quarter ended September 30, 2022
  - Revenue: $201.2 million
  - Net income: $23.6 million
  - EPS: $1.06 per share
  - Guidance: raised
  - Result: reported results
  source text: solutions, today reported results for the third quarter ended September 30, 2022. 2022 third quarter consolidated results compared to 2021 third quarter • Sales increased 14% to $201.2 million, as a result of record third quarter sales across all three business segments. • Gross profit increased 3% to $59.1 million, representing 29.4% of sales. • Operating income
  evidence_url: https://www.sec.gov/Archives/edgar/data/835011/000162828022027971/0001628280-22-027971-index.htm

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