{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-044421","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2024-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.131510+00:00","generated_at":"2026-05-30T07:51:17.453382+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MGP Ingredients Q3 sales down 24%; adjusted EPS $1.29 vs $1.36; plans to cut whiskey production, reaffirms guidance","bullets":["Consolidated sales $161.5M, down 24% YoY; excluding Atchison distillery, down 14%.","Net income $23.9M (+82%); adjusted net income $28.8M (-5%); adjusted EPS $1.29 vs $1.36.","Distilling Solutions sales down 36% to $71.9M; Branded Spirits sales down 6% but gross profit up 12%.","Ingredient Solutions sales down 18% to $26.9M; gross profit margin fell to 17.6% from 33.8%.","Plans to lower net aging whiskey put away and scale down production in 2025; reaffirms FY2024 sales guidance $695-705M and adjusted EBITDA $196-200M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-044421","json":"https://secwatch.observer/filing/0001628280-24-044421.json","markdown":"https://secwatch.observer/filing/0001628280-24-044421.md","text":"https://secwatch.observer/filing/0001628280-24-044421.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000162828024044421/0001628280-24-044421-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000162828024044421/mgpi-20241031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T07:51:17.453382+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"}