secwatch.observer — SEC 8-K summary
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Issuer:     Alto Ingredients, Inc. (ALTO)
CIK:        0000778164
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001213900-24-065684
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/778164/000121390024065684/0001213900-24-065684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/778164/000121390024065684/ea0210692-8k_altoin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-065684

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer