---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-007958"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T04:09:46.910588+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients Q4 net loss $42M on goodwill impairment; 2025 guidance well below 2024

## Summary
- Q4 net loss $42M ($1.91 basic EPS loss) includes $73.8M non-cash goodwill impairment; adjusted EPS $1.57.
- Consolidated Q4 sales $180.8M, down 16% YoY; full year sales $703.6M, down 16%.
- Full year adjusted EBITDA $196.5M, down 6%; 2025 guidance: adj EBITDA $105-115M, adj EPS $2.45-2.75.
- Distilling Solutions Q4 sales $82.0M (-25%); Branded Spirits $64.0M (-12%); Ingredient Solutions +4%.
- 2025 capex guidance $36M vs $73.2M in 2024; net debt leverage 1.5x as of Dec 31, 2024.

## SEC filing metadata
- accession: 0001628280-25-007958
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828025007958/0001628280-25-007958-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828025007958/mgpi-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-007958
- JSON: https://secwatch.observer/filing/0001628280-25-007958.json
- Plain text: https://secwatch.observer/filing/0001628280-25-007958.txt

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