ALTO earnings analysis
What we found in ALTO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Alto Ingredients reported a strong Q1 2026 with revenues of $224.68 million, a 1.7% increase year-over-year, and EPS was $0.05, a significant turnaround from a loss of $0.16 in Q1 2025. Management highlighted improved margins driven by higher-value renewable fuel sales and successful tax credit utilization, although they faced challenges from seasonal demand fluctuations and operational disruptions due to cold weather.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Revenue increased by 1.7% year-over-year, from $226.54 million to $224.68 million.
- Positive EPS
- EPS improved from -0.16 in Q1 2025 to 0.05 in Q1 2026, marking a significant turnaround.
- Gross Profit Recovery
- Gross profit rose to $9.22 million from a loss of $1.8 million the previous year.
- Cash Flow Improvement
- Operating cash flow turned positive, generating $4.2 million, compared to $18.2 million used in Q1 2025.
- Debt Repayment
- Reduced term debt by $16.6 million, ending with $38.4 million outstanding.
- Increased Working Capital
- Working capital improved to $116.9 million, reflecting strong liquidity.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Commodity Price Volatility
- Fluctuations in corn prices could negatively impact production costs, with market prices subject to unpredictable factors.
- Production Disruptions
- Unscheduled downtimes from cold weather disrupted logistics and production capacity.
- Rising Inflation Impact
- Increased costs on key inputs may not be recoverable in product pricing, adversely affecting profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.05
- Gross margin
- 4.1%
- Segment
- Pekin production
- Segment
- Marketing and distribution
- Segment
- Western production
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-K · March 13, 2026
- Alto Ingredients returned to quarterly profitability in H2 2025 and achieved a small positive operating result for the year despite lower full-year revenue. Revenue fell to approximately $918.0M in 2025 from $965.0M in…
- 10-Q · November 7, 2025
- Alto Ingredients reported a quarter of clear operational improvement with net income of $14,208,000 and diluted EPS of $0.19 on revenue of $240,986,000. Gross profit expanded to $23,494,000 (≈9.8% margin) and operating…
- 10-Q · May 9, 2025
- Alto reported Q1 net sales of $226,540,000, down $14,089,000 (‑5.9%) vs. Q1 2024, with a smaller gross loss of $1,807,000 (improved from $2,400,000). GAAP diluted net loss per share improved slightly to $(0.16) from…
- 10-Q · November 8, 2024
- Alto reported Q3 net sales of $251,814,000 (down $66,313,000 or 20.8% YoY from $318,127,000) and diluted loss per share of $(0.04), missing consensus EPS of $0.03. Gross profit improved to $5,960,000 (gross margin…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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