Alto Ingredients Q2 net loss $3.4M on $236.5M revenue; Adjusted EBITDA -$5.9M

Alto Ingredients, Inc.

2024-Q2 EPS reported -$0.21 revenue$477,097,000

Net loss available to common stockholders $3.4M ($0.05/share) vs net income $7.2M ($0.10/share) a year ago.
Net sales $236.5M, down 25.5% from $317.3M in Q2 2023; gross profit fell to $7.6M from $17.2M.
Adjusted EBITDA negative $5.9M, including $5.4M Pekin outage costs and $2.9M realized derivative losses.
Pekin Campus delivered over $10M gross profit despite $5M+ in outage expenses; CEO cites favorable summer economics.
July crush margins more than doubled vs Q2; management expects positive Adjusted EBITDA in Q3 if margins hold.

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