---
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"
generated_at: "2026-05-23T01:33:11.943813+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients Q1 net loss $3.1M; sales down 29%, reaffirms 2025 outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-021323
- JSON: https://secwatch.observer/filing/0001628280-25-021323.json
- Plain text: https://secwatch.observer/filing/0001628280-25-021323.txt

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