secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001628280-23-004690
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGP Ingredients reports record FY2022 sales up 25% to $782.4M; net income up 20%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828023004690/0001628280-23-004690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828023004690/mgpi-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004690

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