Quarterly ResultAug 5, 2026, 04:14 PM
Alto Ingredients Q2 Net Income $11.4M, EPS $0.15; Gross Profit $16.6M
AI Summary
Alto Ingredients, Inc. reported strong financial results for Q2 2026, marking its fourth consecutive quarter of positive gross profit, income from operations, net income, and adjusted EBITDA. Net income reached $11.4 million, or $0.15 per diluted share, a significant improvement from a net loss of $11.3 million in Q2 2025. The company also established a $50 million at-the-market (ATM) equity program to provide financial flexibility for pursuing high-return organic opportunities. Management attributed the performance to its diversification strategy and ongoing initiatives to expand capacity and optimize operations.
Key Highlights
- Q2 2026 net income was $11.4 million ($0.15 per diluted share), up from a net loss of $11.3 million in Q2 2025.
- Gross profit for Q2 2026 was $16.6 million, a substantial increase from a gross loss of $1.9 million in Q2 2025.
- Adjusted EBITDA improved to $23.7 million in Q2 2026, compared to negative $0.2 million in Q2 2025.
- Net sales for Q2 2026 increased to $245.7 million from $218.4 million in Q2 2025.
- The company established a $50 million at-the-market (ATM) equity program for financial flexibility.
- Cash and cash equivalents were $24.0 million at June 30, 2026, up from $23.4 million at December 31, 2025.
- Borrowing availability at June 30, 2026, was $106 million, including $41 million under the operating line of credit.
Price Impact
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