Alto Ingredients Inc Stock Price, News & Analysis

Alto Ingredients, Inc. (NASDAQ: ALTO) announced that all company proxy proposals were approved at the Annual General Meeting of Shareholders held on June 24, 2022. Shareholders elected Maria G. “Gabby” Gray as an independent director, succeeding John L. Prince who retired. Gray brings extensive experience in refining and chemical processes, which aligns with the company's focus on quality and sustainability. The board now consists of seven members, and Gray's appointment aims to enhance board diversity and operational efficiency.

Alto Ingredients, Inc. (NASDAQ: ALTO) has secured a $22.7 million cash grant from the USDA’s Biofuel Producer Program, established under the CARES Act. This funding aims to assist biofuel producers affected by the COVID-19 pandemic. CEO Mike Kandris stated that the grant will be allocated for facility maintenance, equipment upgrades, and operational improvements, aimed at enhancing efficiency and reliability. The strategic initiatives are expected to drive growth and profitability for the company.

Alto Ingredients, Inc. (NASDAQ: ALTO), a prominent producer of specialty alcohols, announced its participation in upcoming investment conferences. The company will hold virtual one-on-one meetings and presentations at the H.C. Wainwright Global Investment Conference on May 23-24 and the 19th Annual Craig-Hallum Institutional Conference on June 1, 2022. Investors can access presentation materials and webcasts through the company's website. Alto Ingredients focuses on key markets including Health, Home & Beauty, Food & Beverage, Essential Ingredients, and Renewable Fuels.

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.