Alto Ingredients Inc Stock Price, News & Analysis

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.

Alto Ingredients, Inc. (NASDAQ: ALTO) has announced a $50 million share repurchase program, commencing with an initial authorization of $10 million. The company believes its shares are undervalued and aims to enhance shareholder value through this initiative. Funding for the program will come from existing cash, cash flow, and potential borrowings. Repurchases may occur in various formats depending on market conditions. The program lacks a fixed end date and can be modified as needed, demonstrating Alto's commitment to investing in its future while enhancing operational efficiency.

Alto Ingredients, Inc. (NASDAQ: ALTO) will participate in the H.C. Wainwright & Co. 24th Annual Global Investment Conference on September 13, 2022, in New York City. CEO Mike Kandris and CFO Bryon McGregor will hold one-on-one meetings and present at 8:30 am ET. Interested stakeholders can access presentation materials and a webcast via Alto Ingredients' website.

Alto Ingredients specializes in producing and distributing specialty alcohols and essential ingredients for key markets like Food & Beverage and Renewable Fuels.

Alto Ingredients (NASDAQ: ALTO) reported a significant increase in net sales to $362.2 million for Q2 2022, up 21% from Q2 2021. Net income also surged to $21.5 million or $0.29 per diluted share, compared to $8.0 million or $0.11 per diluted share last year. The company achieved an Adjusted EBITDA of $29.9 million, up from $17.0 million. The growth was attributed to a cash grant from the USDA and improved sales of specialty alcohols, despite facing higher freight and maintenance costs. Cash and equivalents rose to $57.4 million.