Alto Ingredients Inc Stock Price, News & Analysis

Alto Ingredients, Inc. (NASDAQ: ALTO) has announced it will release its third quarter 2021 financial results after market close on November 9, 2021. The company is recognized for producing specialty alcohols and essential ingredients across key markets like Health, Home & Beauty, Food & Beverage, Essential Ingredients, and Renewable Fuels. A conference call to discuss the results will take place at 2:00 p.m. PT / 5:00 p.m. ET on the same day, which can be accessed via their website or by phone.

Alto Ingredients, Inc. (NASDAQ: ALTO) is set to enhance its Magic Valley, Idaho facility by installing Harvesting Technology's CoPromax™ protein system. This upgrade aims to diversify product offerings, producing over 33,000 tons of high-protein feed annually and increasing corn oil yields by 50%, generating an estimated $7.8 million in gross profit and around $9 million in EBITDA. Production is expected to resume with a capacity of 60 million gallons annually, with commissioning planned for the first half of 2022. The initiative supports growing protein demand in various agricultural sectors.

Alto Ingredients, Inc. (NASDAQ: ALTO) will present at the H.C. Wainwright 23rd Annual Global Investment Conference on September 13, 2021, with CEO Mike Kandris and CFO Bryon McGregor speaking live at 4:00am PT/7:00am ET. The management team will also engage in one-on-one meetings with institutional investors throughout the day. Interested parties can find presentation materials and the webcast on the company’s Investor Relations page. Alto Ingredients, known for specialty alcohols, serves diverse markets including Health, Home & Beauty, Food & Beverage, and Renewable Fuels.

Alto Ingredients, Inc. (NASDAQ: ALTO) reported a net income of $8.1 million, or $0.11 per share, for Q2 2021, marking its fifth consecutive quarter of gross profit. The company achieved Adjusted EBITDA of $17.0 million and net sales of $298.1 million. Although costs increased, gross profit decreased to $15.2 million compared to the prior year. For the first half of 2021, they reported a net income of over $12 million and an EBITDA of over $30 million.

The company is focused on strengthening its balance sheet and expanding profitably.

Alto Ingredients, Inc. (NASDAQ: ALTO) announces it will release its Q2 2021 financial results on August 3, 2021, after market close. A conference call is scheduled for the same day at 2:00 PM PT, with management providing prepared remarks and a Q&A session afterward. Investors can access the webcast via Alto's website. The company is a key player in producing specialty alcohols and essential ingredients for various markets, including Health, Home & Beauty, and Renewable Fuels.

Alto Ingredients, Inc. (NASDAQ: ALTO) has been included in the Russell 2000® and Russell 3000® indexes, effective June 28, 2021. This significant milestone enhances the company's visibility in the specialty alcohols and essential ingredients markets. With approximately $10.6 trillion in assets benchmarked against these indexes, membership is poised to broaden Alto's exposure among institutional investors. CEO Mike Kandris expressed optimism regarding this inclusion as it reflects the company's growth trajectory.

Alto Ingredients, Inc. (ALTO), a prominent producer of specialty alcohols, announces CEO Mike Kandris and CFO Bryon McGregor will speak at the 18th Annual Craig-Hallum Institutional Investor Conference on June 2, 2021. They will engage in one-on-one meetings with institutional investors throughout the day. Interested parties can access the investor presentation on the company’s website. Alto Ingredients focuses on key markets including Health, Home & Beauty, Food & Beverage, Essential Ingredients, and Renewable Fuels, serving major food and beverage and consumer products companies.

Alto Ingredients, Inc. (NASDAQ: ALTO) completed the sale of its fuel ethanol production facility in Madera, CA, receiving $19.5 million in cash and $8.8 million in liabilities assumed. The proceeds were used to pay down senior notes, reducing the outstanding balance to just $0.7 million. CEO Mike Kandris noted that this decision will decrease annual interest and idle expenses by over $4 million, allowing the company to focus more on revenue growth.

Alto Ingredients, Inc. reported a net income of $4.4 million or $0.06 per share for the first quarter of 2021, compared to a net loss of $25.4 million in 2020. The company's Adjusted EBITDA reached $13.6 million, a significant improvement from a negative $12.4 million last year. Net sales decreased to $218.7 million from $311.4 million, while the cost of goods sold also decreased. The company announced the sale of its Madera, CA facility for $28.3 million to optimize its ethanol production footprint.