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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, Inc. (NASDAQ: ALTO) reported a 41% increase in net sales to $308 million for Q1 2022 compared to Q1 2021, aided by strategic investments in specialty alcohols and essential ingredients. Despite this growth, the company faced operational challenges, resulting in a net loss of $2.9 million, or $0.04 per share. Key metrics included a gross profit drop to $4.8 million and an Adjusted EBITDA of $4.4 million. The acquisition of Eagle Alcohol aims to enhance market position, while cash reserves decreased to $36.2 million.
Alto Ingredients, Inc. (NASDAQ: ALTO) plans to release its First Quarter 2022 financial results on May 9, 2022, after market close. A conference call will follow at 2:00 p.m. PT, featuring prepared remarks and a Q&A session. Investors can access the webcast on their official site or by phone. The company specializes in producing and distributing specialty alcohols and essential ingredients across four markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. More information can be found at their website.
Alto Ingredients, Inc. (NASDAQ: ALTO) reported a remarkable increase in Q4 2021 financials, with net sales soaring 128% to $385 million and gross profit rising 209% to $42 million compared to Q4 2020. Full-year 2021 results showed net sales of $1.2 billion, up 35%, and a net income of $44 million, reversing a previous loss. The company also acquired Eagle Alcohol, enhancing its distribution capabilities. Adjusted EBITDA increased 168% to $43 million in Q4 2021.
Alto attributes growth to strategic investments and optimizing production.
Alto Ingredients, Inc. (NASDAQ: ALTO) announced its Pekin, Illinois facility has achieved ICH Q7 and EXCiPACT Good Manufacturing Practices (GMP) certifications. These certifications confirm that Alto's specialty alcohol can be used as an active pharmaceutical ingredient and that its excipients meet pharmaceutical industry standards. CEO Mike Kandris emphasized that these certifications not only enhance product quality but also open up new market opportunities, positioning Alto as a trusted supplier in high-demand sectors.
Alto Ingredients, Inc. (NASDAQ: ALTO) will announce its fourth quarter and full year 2021 financial results after the market closes on March 10, 2022. A conference call will follow at 2:00 p.m. PT/5:00 p.m. ET. Investors can access the call and a subsequent webcast via the company's website. The company specializes in producing specialty alcohols and essential ingredients for various markets including health, food and beverage, and renewable fuels.
Alto Ingredients, Inc. (NASDAQ: ALTO) announced the appointment of Auste M. Graham as General Counsel and Corporate Secretary, effective February 1, 2022. Graham succeeds Christopher Wright, who will continue as Senior Vice President until his retirement later this year. CEO Mike Kandris emphasized Graham's extensive legal experience in global manufacturing and corporate securities as key to her new role. Graham expressed enthusiasm about joining Alto during a significant growth phase, focusing on enhancing their specialty alcohol and ingredients sectors.
Alto Ingredients, Inc. (NASDAQ: ALTO) has raised its full-year 2021 gross profit guidance to over $60 million, up from a previous estimate of $40 million. This increase is attributed to strong margins in fuel ethanol and operational enhancements. CEO Michael Kandris highlighted the significant 50% uplift in guidance due to robust fourth-quarter performance. The company plans to release its fourth quarter and year-end 2021 financial results in early March 2022.
Alto Ingredients has acquired Eagle Alcohol Company for $14 million, aiming for immediate accretion and an annual growth in Adjusted EBITDA by $7-9 million starting in 2023. This acquisition will enhance margins, reduce exposure to price volatility, and expand market access. Eagle generated over $35 million in revenue in 2021 and specializes in small-packaged specialty alcohols. The deal is funded with cash on hand, and Eagle’s former president will continue to lead its operations under Alto. The integration is expected to provide significant financial and operational synergies.
Alto Ingredients, Inc. (NASDAQ: ALTO) resumed ethanol production at its Magic Valley facility in November 2021 to enhance profitability. The implementation of the CoPromax™ system is on track for completion by mid-2022, expected to produce over 33,000 tons of high-protein feed annually, increase corn oil yields by 50%, and contribute over $9 million in Adjusted EBITDA. This strategic shift aligns with the rising demand for protein in animal feed markets and is a key component of the company's plan to focus on higher-value products.
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