{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-015449","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.396715+00:00","generated_at":"2026-06-15T23:45:57.214015+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"MGP Ingredients Q1 sales up 3% to $201M; net income down 17% to $31M; reaffirms FY guidance","bullets":["Diluted EPS fell to $1.39 from $1.69 YoY; adjusted EBITDA down 15% to $47.1M.","Distilling Solutions segment sales up 2% but gross margin fell to 29.2% from 34.9%.","Ingredient Solutions sales up 10% to $30.9M; gross profit rose to 39.5% margin.","Brown goods sales grew 10% to record levels; distribution realigned with RNDC.","FY2023 guidance reaffirmed: sales $815-835M, adjusted EBITDA $178-183M, adj. EPS $5.05-5.20."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-015449","json":"https://secwatch.observer/filing/0001628280-23-015449.json","markdown":"https://secwatch.observer/filing/0001628280-23-015449.md","text":"https://secwatch.observer/filing/0001628280-23-015449.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000162828023015449/0001628280-23-015449-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000162828023015449/mgpi-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:45:57.214015+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":"ffbcec0c0097db1e4ab208d3befb2885814fb5d7","claim":"MGP INGREDIENTS INC reported first quarter ended March 31, 2023 results: revenue $201.0 million, net income $31.0 million, EPS $1.39 per share. Guidance reaffirmed.","evidence_excerpt":"solutions, today reported results for the first quarter ended March 31, 2023. 2023 first quarter consolidated results compared to 2022 first quarter • Sales increased 3% to $201.0 million. • Gross profit decreased 3% to $69.8 million, representing 34.7% of sales. • Operating income decreased 17% to $41.6 million. • Net income decreased 17% to $31.0 million. •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023015449/0001628280-23-015449-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$201.0 million"},{"label":"Net income","value":"$31.0 million"},{"label":"EPS","value":"$1.39 per share"},{"label":"Guidance","value":"reaffirmed"},{"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"}