Alto Ingredients Reports Q3 2026 Net Income of $12.7 Million Amid Higher Average Sales Prices
Alto Ingredients (ALTO) reported third-quarter 2026 financial results characterized by steady profitability and increased average sales prices, despite facing headwinds from lower industry crush margins. The company achieved net income of $12.7 million ($0.16 per diluted share), marking its fourth consecutive quarter of profit. Net sales reached $257.9 million, bolstered by strong domestic blending demand and global exports. While gross profit declined year-over-year due to higher corn costs impacting crush margins, the company saw significant benefits from federal 45Z tax credits, recognizing $7.6 million this quarter. Management also highlighted successful debt reduction efforts, having lowered total debt by $26.5 million year-to-date, which has contributed to lower interest expenses and improved liquidity.
Tickers: $ALTO
Topics: Alcohol Sales Volume Crush Margins EBITDA Net Income Net Sales