earnings
confidence high
sentiment neutral
materiality 0.65
Alto Ingredients Q2 net sales $362.2M (+21% YoY), net income $21.5M, adj. EBITDA $29.9M
Alto Ingredients, Inc.
2022-Q2 EPS reported
$0.26
revenue$670,307,000
- Net sales $362.2M, up 21% from $298.1M in Q2 2021.
- Net income $21.5M ($0.29 diluted EPS) vs $8.0M ($0.11) in prior year.
- Gross profit $8.8M vs $15.2M; includes $22.7M USDA Biofuel Producer Program cash grant.
- Adjusted EBITDA $29.9M, up from $17.0M in Q2 2021.
- Cash and equivalents $57.4M; working capital $178.4M at June 30, 2022.