---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-006147"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:24:44.319094+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients Q4 2023 sales up 13%; adj. diluted EPS $1.64 vs $1.01; FY2024 guide

## Summary
- Q4 sales $214.9M (+13%), gross profit $85.1M (+35%), adjusted diluted EPS $1.64 vs $1.01 YoY.
- Full year sales $836.5M (+7%), adjusted EBITDA $202.5M (+20%), adjusted diluted EPS $5.88 vs $4.92.
- Branded Spirits premium plus sales grew 50% in Q4, 24% FY; Distilling Solutions brown goods sales +39% Q4, +26% FY.
- FY2024 guidance: sales $742M-$756M; adj. EBITDA $218M-$222M; adj. EPS $6.12-$6.23.
- Atchison distillery closure in Dec 2023 resulted in $19.4M FY impairment; Q4 one-time items $4.0M.

## SEC filing metadata
- accession: 0001628280-24-006147
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828024006147/0001628280-24-006147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828024006147/mgpi-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-006147
- JSON: https://secwatch.observer/filing/0001628280-24-006147.json
- Plain text: https://secwatch.observer/filing/0001628280-24-006147.txt

## Key facts
- Earnings Releases
  MGP INGREDIENTS INC updated its the fourth quarter and full year ended December 31, 2023 guidance (initiated).
  - Period: the fourth quarter and full year ended December 31, 2023
  - Guidance: initiated
  - Result: reported results
  source text: On February 22, 2024, MGP Ingredients, Inc. (the “Company”) issued a Press Release relating to financial results for the fourth quarter and full year 2023, which ended December 31, 2023. A copy of the press release is being furnished as Exhibit 99.1 and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/835011/000162828024006147/0001628280-24-006147-index.htm

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