{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-004690","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.223216+00:00","generated_at":"2026-06-19T03:42:38.657886+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"MGP Ingredients reports record FY2022 sales up 25% to $782.4M; net income up 20%","bullets":["Q4 sales $191.0M (+15% YoY); adjusted diluted EPS $1.01 vs $0.88.","Full-year sales $782.4M (+25%); net income $108.9M (+20%); adjusted EBITDA $169.3M (+20%).","Distilling Solutions Q4 sales +23% to $101.2M; Branded Spirits FY sales +30% to $237.9M.","FY2023 guidance: sales $815-835M, adjusted EBITDA $178-183M, adjusted EPS $5.05-5.20.","Premium plus brand sales grew 23% in Q4 and 56% for the full year."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-004690","json":"https://secwatch.observer/filing/0001628280-23-004690.json","markdown":"https://secwatch.observer/filing/0001628280-23-004690.md","text":"https://secwatch.observer/filing/0001628280-23-004690.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000162828023004690/0001628280-23-004690-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000162828023004690/mgpi-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T03:42:38.657886+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"359b6764d544597398962abda66b4379f4200edb","claim":"MGP INGREDIENTS INC reported full year 2022 results: revenue $782.4 million, net income $108.9 million, EPS Diluted EPS increased to $4.92 from $4.37 per share.","evidence_excerpt":"fourth quarter. Adjusted diluted EPS increased to $1.01 per share from $0.88 per share. 2022 full year consolidated results compared to 2021 full year • Sales increased 25% to $782.4 million. • Gross profit and adjusted gross profit increased 27% and 26%, respectively, to $253.3 million, representing 32.4% of sales. • Operating income and adjusted operating income","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023004690/0001628280-23-004690-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2022"},{"label":"Revenue","value":"$782.4 million"},{"label":"Net income","value":"$108.9 million"},{"label":"EPS","value":"Diluted EPS increased to $4.92 from $4.37 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ca4487c3778ae1671190d98b7d0b5ba4ba610afa","claim":"MGP INGREDIENTS INC reported fiscal 2023 results: revenue $815 million to $835 million, EPS Adjusted basic earnings per common share are forecasted to be in the $5.05 to $5.20 range. Guidance initiated.","evidence_excerpt":"year 2022 was 22.3% compared with 25.0% in 2021. 2023 Outlook MGP is offering the following consolidated guidance for fiscal 2023: • Sales are projected to be in the range of $815 million to $835 million. • Adjusted EBITDA is expected to be in the range of $178 million to $183 million. • Adjusted basic earnings per common share are forecasted to be in the $5.05 to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023004690/0001628280-23-004690-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"Revenue","value":"$815 million to $835 million"},{"label":"EPS","value":"Adjusted basic earnings per common share are forecasted to be in the $5.05 to $5.20 range"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e1d0aa78b9fef9f57092e8f2cc03e2b7b81ecf5b","claim":"MGP INGREDIENTS INC reported fourth quarter 2022 results: revenue $191.0 million, net income $22.5 million, EPS Diluted EPS decreased to $1.01 per share from $1.44 per share.","evidence_excerpt":"reported results for the fourth quarter and full year ended December 31, 2022. 2022 fourth quarter consolidated results compared to 2021 fourth quarter • Sales increased 15% to $191.0 million. • Gross profit increased 20% to $63.2 million, representing 33.1% of sales. • Operating income decreased 34% to $29.7 million due to the $16.3 million favorable insurance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023004690/0001628280-23-004690-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2022"},{"label":"Revenue","value":"$191.0 million"},{"label":"Net income","value":"$22.5 million"},{"label":"EPS","value":"Diluted EPS decreased to $1.01 per share from $1.44 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}