Alto Ingredients Q3 operating income drops 59% to $7.02 million
Bitget2026/11/04 21:25- Alto Ingredients’ third-quarter 2026 net income attributable to common stockholders fell 9% year over year to $12.7 million.
- Net sales rose 7% to $257.89 million, while gross profit dropped 37% to $14.8 million from a year earlier.
- Third-quarter line-of-credit repayments reached $6.5 million, bringing year-to-date debt reduction to $26.5 million.
- Management expects at least $20 million in 45Z tax credit earnings, net of monetization costs, in 2026.
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