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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.
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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.
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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