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Alto Ingredients, Inc. - ALTO STOCK NEWS

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) is a leading producer and distributor of specialty alcohols and essential ingredients in the United States. The company serves five key markets: Health, Home & Beauty, Food & Beverage, Industry & Agriculture, Essential Ingredients, and Renewable Fuels. With production facilities primarily in the western United States, Alto Ingredients caters to major food and beverage companies, consumer products manufacturers, and distributors.

Alto Ingredients operates under three segments: Marketing and Distribution, Pekin Campus Production, and Other Production. The Marketing and Distribution segment is involved in marketing and merchant trading for alcohols and essential ingredients. The Pekin Campus segment is responsible for producing and selling products made at the company's Pekin, Illinois campus, which accounts for about half of the firm's revenue. Other Production covers the output from the company's other facilities.

The company is notable for its production of low-carbon renewable fuels such as ethanol, which is blended into gasoline. Alto Ingredients also produces ethanol co-products including wet distillers grain, a nutritious animal feed, and corn oil. Serving integrated oil companies and gasoline marketers, the company provides transportation, storage, and delivery of ethanol through third-party service providers in California, Arizona, Nevada, Utah, Oregon, Colorado, Idaho, and Washington.

Recent achievements highlight Alto Ingredients' focus on business transformation and strategic partnerships. In November 2023, the company announced its third-quarter financial results, showing positive Adjusted EBITDA despite operational challenges such as unscheduled downtime. The company also completed numerous repair and maintenance projects aimed at improving future production consistency.

Alto Ingredients is advancing its long-term growth strategy with significant projects such as a carbon capture and storage (CCS) initiative at its Pekin campus. Partnering with Vault 44.01, the company plans to capture and store CO2 emissions generated from ethanol production, substantially reducing its carbon footprint and benefiting the local community.

Financially, the company ended 2023 with $1.22 billion in net sales and $15.7 million in gross profit. Despite some losses, the company is optimistic about its future performance, leveraging favorable market outlooks and ongoing investments to improve capacity utilization, reduce costs, and expand operating margins.

Alto Ingredients' operations and strategic initiatives demonstrate its commitment to sustainability and shareholder value, positioning it well for continued growth and profitability in the renewable fuels and specialty alcohols market.

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Alto Ingredients, Inc. (NASDAQ: ALTO) will release its Q3 2023 financial results on November 6, 2023. The company is a leading producer and distributor of specialty alcohols and essential ingredients. A conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET on the same day, with a webcast and Q&A session. The webcast will be archived for one year, and a telephonic replay will be available until November 13, 2023.
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Alto Ingredients, Inc. (NASDAQ: ALTO) to participate at LD Micro Main Event XVI on October 4, 2023. President & CEO and CFO to conduct one-on-one meetings and present at 4:30 PM PT.
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Alto Ingredients to participate at H.C. Wainwright & Co. 25th Annual Global Investment Conference
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Alto Ingredients reported positive financial results for Q2 2023 with net income, positive Adjusted EBITDA, and positive operating cash flow. Expects positive Adjusted EBITDA in Q3 2023. Net sales decreased to $317.3 million compared to $362.2 million in 2022. Cash and cash equivalents decreased to $22.7 million at June 30, 2023. Company plans to increase annualized EBITDA by over $65 million by the end of 2025 and $125 million by the end of 2026 through investments in long-term projects.
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Alto Ingredients, Inc. has announced executive leadership changes, with Bryon T. McGregor appointed as President and CEO, and Robert R. Olander as CFO. Michael D. Kandris has retired as President and CEO but will continue as Director and Interim COO.
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Alto Ingredients, Inc. (NASDAQ: ALTO) to release second quarter 2023 financial results on August 7, 2023. Conference call and webcast details provided for participation. Webcast will be archived for replay on the Alto Ingredients website for one year.
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Alto Ingredients (NASDAQ: ALTO) reported its Q4 and full-year 2022 results, with net sales of $328.4 million for Q4, down from $385.5 million. Full-year net sales increased to $1.3 billion. However, gross losses rose to $21.3 million for the quarter and $27.6 million annually. CEO Mike Kandris highlighted initiatives to diversify revenue and enhance operational efficiency, expecting over $65 million in annualized EBITDA by 2025 and over $125 million by 2026. The company completed infrastructure upgrades and is advancing new production technologies. Despite growth plans, the financials reflect significant losses and challenges due to commodity price fluctuations.

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Alto Ingredients, Inc. (NASDAQ: ALTO) will release its fourth quarter 2022 financial results after the market close on March 9, 2023. Management will also host a conference call at 2:00 p.m. PT / 5:00 p.m. ET on the same day, with a webcast available for listening on their website. Investors can participate by registering for a unique PIN or dialing in directly. The call will feature prepared remarks followed by a Q&A session. The webcast will be archived for replay for one year, and a telephonic replay will be available from 8:00 p.m. ET March 9 through 8:00 p.m. ET March 16.

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FAQ

What is the current stock price of Alto Ingredients (ALTO)?

The current stock price of Alto Ingredients (ALTO) is $1.63 as of December 24, 2024.

What is the market cap of Alto Ingredients (ALTO)?

The market cap of Alto Ingredients (ALTO) is approximately 124.9M.

What does Alto Ingredients, Inc. produce?

Alto Ingredients, Inc. produces specialty alcohols, essential ingredients, and low-carbon renewable fuels such as ethanol.

Which markets does Alto Ingredients serve?

The company serves markets including Health, Home & Beauty, Food & Beverage, Industry & Agriculture, Essential Ingredients, and Renewable Fuels.

Where are Alto Ingredients' production facilities located?

The company's facilities are primarily located in the western United States, including California, Arizona, Nevada, Utah, Oregon, Colorado, Idaho, and Washington.

What are some of Alto Ingredients' recent achievements?

Recent achievements include positive Adjusted EBITDA in Q3 2023, completion of strategic repair and maintenance projects, and advancing a carbon capture and storage initiative.

What is the carbon capture and storage (CCS) project at Pekin campus?

The CCS project involves capturing CO2 emissions from ethanol production and storing them in a secure geological reservoir, reducing the company's carbon footprint.

Who are Alto Ingredients' customers?

The company's customers include major food and beverage companies, consumer products manufacturers, and distributors.

How did Alto Ingredients perform financially in 2023?

In 2023, the company reported $1.22 billion in net sales and $15.7 million in gross profit, with positive Adjusted EBITDA despite some losses.

What is the strategic focus of Alto Ingredients?

The company's strategic focus includes improving capacity utilization, reducing costs, expanding operating margins, and advancing sustainability projects like CCS.

How does Alto Ingredients contribute to renewable energy?

Alto Ingredients produces ethanol and other renewable fuels, reducing carbon emissions and promoting sustainable energy solutions.

What are ethanol co-products produced by Alto Ingredients?

The company produces ethanol co-products such as wet distillers grain, a nutritious animal feed, and corn oil.

Alto Ingredients, Inc.

Nasdaq:ALTO

ALTO Rankings

ALTO Stock Data

124.93M
72.88M
4.92%
31%
1.27%
Specialty Chemicals
Industrial Organic Chemicals
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United States of America
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