secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-033883
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGP Ingredients Q2 2024: adjusted EPS up 15% to $1.71; reaffirms FY guidance
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- Sales fell 9% to $190.8M due to Atchison closure; ex-distillery, sales up 7%.
- Net income flat at $32.0M; adjusted net income up 15% to $38.0M.
- Branded Spirits sales up 11% to $64.0M; premium plus spirits grew 29%.
- Adjusted EBITDA rose 7% to $57.5M; margin expanded 450 bps to 30.2%.
- Full-year guidance reaffirmed: sales $742-$756M, adjusted EBITDA $218-$222M, adjusted EPS $6.12-$6.23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828024033883/0001628280-24-033883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828024033883/mgpi-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033883

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