Improvement in Adjusted EBITDA
Adjusted EBITDA improved by nearly $6 million compared to last year, reflecting the success of initiatives to increase productivity.
Western Assets Profitability
Positive gross profit at Western assets due to the acquisition of a liquid CO2 facility, improvements at the Columbia ethanol plant, and strategic decisions such as idling Magic Valley.
Cost Savings and Efficiency
Company-wide overhead rightsized, exceeding the goal of saving approximately $8 million annually through various cost-saving measures and increased operational efficiency.
Positive Regulatory Environment
The Big Beautiful Bill positively impacts the industry, extending 45Z credit extensions through 2029 and boosting farm program profitability, benefiting Alto's strategic positioning.
Alto Carbonic Acquisition Benefits
The acquisition of Alto Carbonic and entry into European ISCC markets improved financial position, with Columbia plant's gross profit improving by $3 million.