---
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"
generated_at: "2026-05-30T13:30:47.582083+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients preliminary Q3 sales down 24%, cuts full-year guidance significantly

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-043025
- JSON: https://secwatch.observer/filing/0001628280-24-043025.json
- Plain text: https://secwatch.observer/filing/0001628280-24-043025.txt

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