{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-019788","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.111212+00:00","generated_at":"2026-06-03T01:18:19.848286+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"MGP Ingredients Q1 net income down 34% to $20.6M; reaffirms FY2024 guidance","bullets":["Sales decreased 15% to $170.6M; gross profit down 10% to $62.8M.","Diluted EPS of $0.92 (adjusted $1.07) vs $1.39 prior year.","Branded Spirits premium plus portfolio grew 12% YoY; Ingredient Solutions record sales up 15%.","Distilling Solutions sales -25% to $84.9M; ex-Atchison distillery closure up 2%.","FY2024 guidance reaffirmed: sales $742-756M, adj. EBITDA $218-222M, adj. EPS $6.12-6.23."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-019788","json":"https://secwatch.observer/filing/0001628280-24-019788.json","markdown":"https://secwatch.observer/filing/0001628280-24-019788.md","text":"https://secwatch.observer/filing/0001628280-24-019788.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000162828024019788/0001628280-24-019788-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000162828024019788/mgpi-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T01:18:19.848286+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":"96fc9c3013f17c2b8e3600ae5a72498921dc38ce","claim":"MGP INGREDIENTS INC reported first quarter ended March 31, 2024 results: revenue $170.6 million, net income $20.6 million, EPS $0.92 per share. Guidance reaffirmed.","evidence_excerpt":"the first quarter ended March 31, 2024. 2024 first quarter consolidated results compared to 2023 first quarter: • Due to the Atchison distillery closure, sales decreased 15% to $170.6 million. Excluding the impact of the Atchison distillery in both periods, consolidated sales were in line with the prior year period. • As expected, gross profit decreased 10% to $62.8","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/835011/000162828024019788/0001628280-24-019788-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$170.6 million"},{"label":"Net income","value":"$20.6 million"},{"label":"EPS","value":"$0.92 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"}