secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001628280-24-006147
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828024006147/0001628280-24-006147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828024006147/mgpi-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-006147

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