{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-043025","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2024-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.131315+00:00","generated_at":"2026-05-30T13:30:47.582083+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"MGP Ingredients preliminary Q3 sales down 24%, cuts full-year guidance significantly","bullets":["Preliminary Q3 sales $161.5M, -24% YoY; net income $23.9M (+82%) but adjusted EPS down 5% to $1.29.","Distilling Solutions segment sales -36%; Branded Spirits -6% (premium plus +1%); Ingredient Solutions -18%.","FY 2024 guidance cut: sales $695-705M (prev $742-756M), adj EBITDA $196-200M (prev $218-222M), adj EPS $5.55-5.65 (prev $6.12-6.23).","CEO cites soft spirits trends and elevated whiskey inventories pressuring brown goods, especially craft customers, through year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-043025","json":"https://secwatch.observer/filing/0001628280-24-043025.json","markdown":"https://secwatch.observer/filing/0001628280-24-043025.md","text":"https://secwatch.observer/filing/0001628280-24-043025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000162828024043025/0001628280-24-043025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000162828024043025/mgpi-20241017.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T13:30:47.582083+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}