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 producer and distributor of specialty alcohols, renewable fuels and essential ingredients serving Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. The ALTO news feed on Stock Titan aggregates the company’s press releases, earnings announcements and other material updates so readers can follow how management describes its operations and strategy over time.
News about Alto Ingredients frequently covers quarterly financial results, including net sales, gross profit or loss, segment performance and the company’s use of non-GAAP measures such as Adjusted EBITDA. These releases often include commentary on market conditions for renewable fuels, specialty alcohols and essential ingredients, as well as the impact of cost-saving initiatives, changes in product mix and export demand for fuel ethanol and ISCC renewable fuel.
Investors can also find corporate and governance updates, such as the election of directors at the annual meeting, changes in board leadership roles, and director resignations reported through Form 8-K and accompanying press releases. Alto Ingredients’ participation in investor conferences, including events hosted by LD Micro and H.C. Wainwright, is another recurring news theme, with announcements detailing presentation times and access to materials.
Regulatory and policy developments affecting the renewable fuels landscape appear in Alto Ingredients’ news as well. The company has issued statements on legislation authorizing E15 fuel in certain markets and on opportunities related to Section 45Z tax credits. For ongoing context on ALTO stock, readers can use this page to review historical and recent news items, compare management’s commentary across periods and monitor how the company responds to market and regulatory changes.
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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.
Alto Ingredients (NASDAQ: ALTO) reported third-quarter 2022 net sales of $336.9 million, a 10% increase from $305.6 million in 2021. However, the company faced significant challenges, including a gross loss of $19.8 million compared to a loss of $3.4 million in the prior year. Increased costs and logistical constraints contributed to a net loss of $28.4 million, or $0.39 per share. The company secured a $125 million term debt financing to support upcoming capital projects aimed at diversifying its specialty alcohols and enhancing operational efficiency.
Alto Ingredients, Inc. (NASDAQ: ALTO) recently announced a $125 million senior secured term loan facility with Orion Infrastructure Capital. The facility allows for periodic draws up to $100 million, with an additional $25 million contingent on certain conditions. This six-year loan features a fixed interest rate of 10% and no scheduled amortization payments. The funding aims to upgrade production capabilities, focusing on expanding corn oil, specialty alcohol, and pursuing sustainability initiatives. The company plans to issue 1.6 million shares to Orion as part of this transaction.
Alto Ingredients, Inc. (NASDAQ: ALTO) announced it will release its third quarter 2022 financial results after market close on November 7, 2022. The company will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) the same day, featuring remarks via webcast and a Q&A session.
Investors can access the webcast on the company's website, register for a conference call PIN, or dial in directly. An archived version of the webcast will be available for one year, along with a telephonic replay from November 7 to November 14, 2022.