Pacific Ethanol (PEIX) Posts Q1 GAAP Loss of 32c/Share

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Go back to Pacific Ethanol (PEIX) Posts Q1 GAAP Loss of 32c/Share

Pacific Ethanol Reports First Quarter 2016 Results

May 4, 2016 4:09 PM EDT

Net sales grew 66% to $342.4 million in Q116 Gross profit was $1.1 million in Q116, an increase of $2.1 million from Q115 GAAP net loss was $13.5 million and Adjusted EBITDA was $1.6 million for Q116

SACRAMENTO, Calif., May 04, 2016 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels in the United States, reported its financial results for the three months ended March 31, 2016.

Neil Koehler, president and CEO, stated: For the first quarter of 2016, we reported net sales of $342.4 million, gross profit... More