Alto Ingredients Q2 net income $8.1M ($0.11/share); Adjusted EBITDA $17.0M

Alto Ingredients, Inc.

2021-Q2 EPS reported $0.17 revenue$516,844,000

Net sales Q2 2021: $298.1M vs $212.1M a year ago; gross profit $15.2M down from $31.2M.
Six-month net income $12.4M ($0.17 diluted) vs loss of $10.8M year-over-year.
Sold Madera, CA fuel-ethanol facility for $28.3M ($19.5M cash + $8.8M liability assumption).
Cash and equivalents $50.8M at June 30, 2021; expect to repay remaining term debt in 2021.

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