Welcome to our dedicated page for Alto Ingredients news (Ticker: ALTO), a resource for investors and traders seeking the latest updates and insights on Alto Ingredients stock.
Alto Ingredients Inc (NASDAQ: ALTO) delivers specialty alcohols, low-carbon renewable fuels, and essential ingredients across consumer and industrial markets. This news hub provides investors and industry professionals with centralized access to official updates and strategic developments.
Track press releases covering earnings reports, production innovations, sustainability initiatives like carbon capture projects, and market expansions. Our curated collection includes updates on fuel blending operations, specialty alcohol applications in health/beauty sectors, and supply chain developments.
Discover timely information on operational milestones, regulatory compliance updates, and partnerships within renewable energy markets. Content is organized for quick scanning while maintaining technical accuracy for expert analysis.
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Alto Ingredients (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced that two long-standing directors, Douglas L. Kieta and Michael D. Kandris, will not seek reelection to the Board of Directors at the company's 2025 Annual Meeting of Stockholders on June 25, 2025.
President and CEO Bryon McGregor acknowledged their significant contributions, highlighting Kieta's technical expertise and determination, as well as Kandris's leadership as former Chief Operating Officer and CEO, noting their positive impact on the company's success and culture.
Alto Ingredients (NASDAQ: ALTO), a leading producer of specialty alcohols, renewable fuels and essential ingredients, has entered into a letter agreement with the Radoff/Torok Group on March 18, 2025. Under the agreement, the Radoff/Torok Group commits to vote their beneficially owned shares in favor of Board-nominated directors and according to Board recommendations during a defined Standstill Period.
The Standstill Period extends until either 30 days before the director nomination deadline for the 2026 Annual Meeting or 120 days prior to the first anniversary of the 2025 Annual Meeting (scheduled for June 25, 2025). The agreement includes customary standstill provisions, with complete details to be filed in a Current Report on Form 8-K with the SEC.
Alto Ingredients (NASDAQ: ALTO) reported its Q4 and full-year 2024 financial results, implementing significant cost-saving measures including cold idling the Magic Valley plant and reducing headcount by 16%, expected to save $8 million annually starting Q2 2025.
Key Q4 2024 metrics vs Q4 2023:
- Net sales decreased to $236.3M from $273.6M
- Net loss widened to $42.0M ($0.57/share) from $19.3M ($0.26/share)
- Adjusted EBITDA turned negative at -$7.7M compared to positive $3.5M
The company acquired a beverage-grade liquid CO2 processor near its Columbia site, with expected payback within two years. Management is exploring strategic options including asset sales and merger possibilities. Cash position stood at $35.5M as of December 31, 2024, with $88.1M in borrowing availability.
Alto Ingredients (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, has announced its participation in the upcoming 37th Annual Roth Conference.
The conference will take place from March 16th-18th, 2025 at The Laguna Cliffs Marriott in Dana Point, CA. The company's management team will be conducting one-on-one meetings with investors on March 17th.
Investors interested in meeting with Alto Ingredients management should reach out to their ROTH representative or contact Kirsten Chapman of Alliance Advisors Investor Relations via email at Investorrelations@altoingredients.com.
Alto Ingredients (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, has scheduled its fourth quarter and year-end 2024 financial results release for March 5, 2025, after market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time, featuring management's prepared remarks via webcast followed by a Q&A session.
The webcast will be available on Alto Ingredients' website and archived for one year. A telephonic replay will be accessible from March 5, 2025, 8:00 p.m. Eastern Time through March 12, 2025, 8:00 p.m. Eastern Time.
Alto Ingredients (NASDAQ: ALTO) has announced that its subsidiary, Alto Carbonic, has acquired Kodiak Carbonic, a beverage-grade liquid CO2 processor, for $7.25 million in cash plus working capital on January 1, 2025. The acquisition includes an improved long-term CO2 sales contract that will be immediately accretive.
The acquired facility, located in Boardman, OR, processes CO2 gas from Alto's Columbia plant to produce liquid CO2 for food, beverage, and industrial applications in the Northwestern U.S. The plant, operational since 2015, can process over 200 tons of liquid CO2 daily. The transaction includes a long-term off-take contract with a leading gas supplier, which helps secure future cash flows while improving distribution efficiency and expanding margins.
Alto Ingredients (NASDAQ: ALTO) announced it will cold idle its Magic Valley, Idaho facility on December 31, 2024, while maintaining terminal services at the plant. The decision comes in response to forecasted very low to negative crush margins in the West for Q1 2025. CEO Bryon McGregor stated the company will fulfill remaining contractual obligations and plans to resume operations when economic conditions improve sustainably. The company expects these actions to positively impact overall financial results.
Alto Ingredients (NASDAQ: ALTO) has released its second Sustainability Report, highlighting its 2023 achievements in producing sustainable specialty alcohols, renewable fuels, and essential ingredients. The company conducted materiality assessments identifying key focus areas including climate change, environmental management, and employee safety. Alto's sustainability initiatives resulted in multiple certifications and awards, including EcoVadis Bronze Medals, ACD Responsible Distribution™, and various food safety certifications.
The company identified long-term market opportunities in bio-based renewables, including sustainable aviation fuel (SAF), carbon capture & storage, and novel uses for waste products. Alto's commitment to sustainability encompasses monitoring environmental risks, energy efficiency, emissions, waste management, and water usage while maintaining product quality and safety standards.
Alto Ingredients (ALTO) reported Q3 2024 financial results and announced a CO2 Transportation and Sequestration Agreement with Vault 44.01. Q3 net sales decreased to $251.8 million from $318.1 million year-over-year, while gross profit improved 40% to $6.0 million. The company reported a net loss of $0.04 per share, compared to $0.05 per share loss in Q3 2023. Specialty alcohol sales increased by 4 million gallons compared to last year. Cash and cash equivalents stood at $33.6 million as of September 30, 2024, with total borrowing availability of $92.2 million.
Alto Ingredients (NASDAQ: ALTO) has entered a CO2 Transportation and Sequestration Agreement with Vault 44.01 for the transportation, injection, and sequestration of CO2 produced at its Pekin campus into the Mt. Simon sandstone formation in Illinois. The agreement aims to significantly reduce CO2 emissions from the campus, which produces over 600,000 metric tons of CO2 annually as a by-product of producing approximately 250 million gallons of specialty alcohols and renewable fuels. Alto's CEO, Bryon McGregor, highlighted the project's role in improving profitability and lowering carbon emissions while awaiting EPA approval, financing, and equipment sourcing. Vault 44.01's CEO, Scott Rennie, emphasized the project's benefits for Illinois farmers and the broader community, focusing on safety, transparency, and long-term security. The project aims to provide direct value to surrounding communities and contribute to employment and economic opportunities.
