Quarterly ResultMay 6, 2026, 04:07 PM
Alto Ingredients Q1 Net Income $4.0M; Gross Profit $9.2M
AI Summary
Alto Ingredients reported strong financial improvements for Q1 2026, achieving profitability in a seasonally weak period. Net income reached $4.0 million, a significant improvement from a $12.0 million loss in Q1 2025, driven by strong export sales, higher crush margins, and Section 45Z tax credits. Gross profit increased to $9.2 million from a loss of $1.8 million year-over-year, while Adjusted EBITDA improved to $4.7 million from a negative $4.4 million. The company is focused on operational improvements and leveraging multiple revenue streams.
Key Highlights
- Q1 2026 net income was $4.0 million ($0.05 per share), improving by $16.0 million from a $12.0 million loss in Q1 2025.
- Gross profit increased by $11.0 million to $9.2 million in Q1 2026, compared to a gross loss of $1.8 million in Q1 2025.
- Adjusted EBITDA improved by $9.1 million to $4.7 million in Q1 2026, up from negative $4.4 million in Q1 2025.
- Net sales were $224.7 million in Q1 2026, a slight decrease from $226.5 million in Q1 2025.
- Pekin Campus production gross profit significantly improved to $8.186 million from a loss of $3.073 million.
- Cash and cash equivalents stood at $20.3 million as of March 31, 2026.
- The company recognized $3.9 million in transferable tax credits in Q1 2026.
- Borrowing availability was $94.3 million at the end of Q1 2026.