Alto Ingredients(US:ALTO)2020-08-12 15:42Financial Performance - Pacific Ethanol's Q2 2020 net sales reached $212 million[6], while for the first half of 2020, net sales amounted to $523 million[6] - Adjusted EBITDA for Q2 2020 was $28842 thousand[7, 14], and for the first half of 2020, it was $16492 thousand[7, 14] - The company reduced its total debt outstanding by $34.4 million in Q2 2020[6] - Pacific Ethanol anticipates Adjusted EBITDA to range between $50 million and $70 million for the second half of 2020[6] - The company aims to reduce total term debt outstanding by at least $70 million by year-end[6] Production and Diversification - Pacific Ethanol produces over 50 million pounds of yeast annually[5] - The company produces 38 thousand tons of corn gluten feed and 182 thousand tons of corn gluten meal annually[5] - Pacific Ethanol produces 70 thousand tons of corn germ annually[5] - The company aims to be a leading producer of high-quality alcohol products, high-value protein and palettant, and low-carbon renewable fuels[9]