Alto Ingredients Inc - ALTO STOCK NEWS

Alto Ingredients (NASDAQ: ALTO) will release its third quarter 2024 financial results on November 6, 2024, after the market close. A conference call is scheduled for 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. The call will include prepared remarks followed by a Q&A session and will be available via webcast on the company's website. Participants can register to receive a unique PIN or dial in directly twenty minutes before the call. A replay of the webcast will be available for one year on the company's website, and a telephonic replay will be accessible from November 6, 2024, 8:00 p.m. ET to November 13, 2024, 8:00 p.m. ET.

Alto Ingredients (NASDAQ: ALTO) has provided updates on its Magic Valley facility in Idaho, where it has installed Harvesting Technology's patented system to capture high protein and corn oil products. The facility is now consistently achieving full production capacity for renewable fuel while operating the new technology systems. Key metrics include:

- Protein content at 50% or greater
- Improved protein production yields of over three pounds per bushel
- Increasing corn oil yields

CEO Bryon McGregor expressed pride in the team's efforts to integrate design changes and achieve these production milestones. The company expects the improved output to contribute to Magic Valley's bottom line results and anticipates sales from associated products to ramp up in Q4 2024.

Alto Ingredients (NASDAQ: ALTO), a leading producer of renewable fuel and specialty alcohols, has announced its participation in the 26th Annual H.C. Wainwright Global Investment Conference. The event is scheduled for September 10, 2024 in New York City. Key highlights include:

- Management will conduct one-on-one meetings with investors
- A presentation is scheduled for 10:00 am ET
- Presentation materials and webcast will be accessible on the company's website

This conference provides Alto Ingredients with an opportunity to showcase its business strategies and growth prospects to a global audience of investors and industry professionals. Interested parties can access the presentation materials and webcast at www.altoingredients.com.

Alto Ingredients (NASDAQ: ALTO) reported its Q2 2024 results. Net sales were $236.5M, down from $317.3M in Q2 2023. The Cost of goods sold was $228.9M versus $300.1M. The gross profit stood at $7.6M, down from $17.2M. The company saw a net loss of $3.4M or $0.05/share, compared to a net income of $7.2M or $0.10/share in Q2 2023.

Adjusted EBITDA was negative $5.9M, compared to positive $14.0M. Cash reserves were $27.1M as of June 30, 2024. The Pekin Campus delivered over $10M in gross profit despite $5M in expenses related to planned outages, up from $4M in Q1 2024. The company plans to achieve positive Adjusted EBITDA for Q3 if current margins are maintained.

Alto Ingredients, Inc. (NASDAQ: ALTO), the largest producer of specialty alcohols in the United States, has announced the release of its second quarter 2024 financial results on August 6, 2024, after market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day, featuring prepared remarks via webcast followed by a Q&A session.

Investors can participate by listening to the webcast on Alto Ingredients' website or by registering for a unique PIN to dial in. A replay of the webcast will be available on the company's website for one year, and a telephonic replay will be accessible from August 6 to August 13, 2024.

Alto Ingredients, Inc. reported improved financial results for Q1 2024 compared to Q1 2023, with gross profit up by $0.8 million, net loss reduced by $1.4 million, and Adjusted EBITDA increased by $3.4 million. The company's strategies to diversify revenue, improve capacity utilization rates, reduce costs, and expand operating margins are yielding positive results. However, weather factors impacted performance negatively, with increased transportation expenses and lower margin feed products due to cold spikes and energy hedging losses. The company's outlook for 2024 remains favorable, supported by solid corn inventories, increased export demand for ethanol, and EPA waivers for 15% ethanol blends. Additionally, Alto is progressing with its strategic carbon capture and storage initiative to reduce carbon footprint and has entered into a partnership with Vault 44.01 for CO2 storage.

Alto Ingredients, Inc., a renewable fuel and essential ingredients producer, and the largest specialty alcohols producer in the US, will release its first quarter 2024 financial results on May 6, 2024. The company will host a conference call and webcast after market close on the same day, providing an opportunity for investors to gain insights into its performance.