{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-027005","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.762594+00:00","generated_at":"2026-06-12T10:25:25.782850+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MGP Ingredients reports record Q2 sales $209M, net income up 26%; raises FY2023 guidance","bullets":["Q2 sales $209.0M (+7% YoY); net income $32.0M (+26%); diluted EPS $1.44 vs $1.15.","Distilling Solutions sales $116.9M (+9%); brown goods sales up 30% driving growth.","Branded Spirits sales $57.6M (-2%) but premium plus brands grew 29% to $23.8M.","Ingredient Solutions segment record sales $34.5M (+18%); gross margin expanded.","FY2023 guidance raised: sales $815-835M, adj. EBITDA $187-192M, adj. EPS $5.35-5.50."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-027005","json":"https://secwatch.observer/filing/0001628280-23-027005.json","markdown":"https://secwatch.observer/filing/0001628280-23-027005.md","text":"https://secwatch.observer/filing/0001628280-23-027005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000162828023027005/0001628280-23-027005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000162828023027005/mgpi-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T10:25:25.782850+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":"270fe07cfbd1e0a382306ba017b7be6470ec6233","claim":"MGP INGREDIENTS INC reported second quarter ended June 30, 2023 results: EPS $1.44 per share.","evidence_excerpt":"Consolidated sales increased 7% to a quarterly record of $209.0 million; Net income and adjusted EBITDA increased 26% and 28%, respectively","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023027005/0001628280-23-027005-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"EPS","value":"$1.44 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"270fe07cfbd1e0a382306ba017b7be6470ec6233","claim":"MGP INGREDIENTS INC reported second quarter ended June 30, 2023 results: EPS $1.44 per share.","evidence_excerpt":"Basic and diluted earnings per common share (“EPS”) increased to $1.44 per share from $1.15 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023027005/0001628280-23-027005-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"EPS","value":"$1.44 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8c3f1cd6c01c20c478e41714ab7a49e5fbaa0720","claim":"MGP INGREDIENTS INC reported fiscal 2023 results: revenue $815 million to $835 million, EPS $5.35 to $5.50. Guidance raised.","evidence_excerpt":"MGP is offering the following revised 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 $187 million to $192 million. • Adjusted basic EPS is forecasted to be in the $5.35 to $5.50 range, with basic weighted average shares outstanding expected to be approximately 22.1 million at year end.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828023027005/0001628280-23-027005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"Revenue","value":"$815 million to $835 million"},{"label":"EPS","value":"$5.35 to $5.50"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}