{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-021323","form_type":"8-K","ticker":"MGPI","cik":"0000835011","company_name":"MGP INGREDIENTS INC","filed_at":"2025-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.433573+00:00","generated_at":"2026-05-23T01:33:11.943813+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 Q1 net loss $3.1M; sales down 29%, reaffirms 2025 outlook","bullets":["Net loss of $3.1M vs $19.9M income in Q1 2024; basic EPS loss $0.14.","Adjusted net income down 68% to $7.8M; adjusted basic EPS $0.36 (down 66%).","Branded Spirits segment sales down 4% to $48.2M; premium plus up 7% driven by Penelope.","Distilling Solutions sales fell 45% to $46.9M on lower brown goods demand; gross margin ~flat at 39.8%.","Reaffirmed FY 2025 sales guidance $520-$540M; adjusted EBITDA $105-$115M; upsized credit facility to $500M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-021323","json":"https://secwatch.observer/filing/0001628280-25-021323.json","markdown":"https://secwatch.observer/filing/0001628280-25-021323.md","text":"https://secwatch.observer/filing/0001628280-25-021323.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/835011/000162828025021323/0001628280-25-021323-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/835011/000162828025021323/mgpi-20250501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T01:33:11.943813+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"}