secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001628280-25-007958
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828025007958/0001628280-25-007958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828025007958/mgpi-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-007958

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