Alto Ingredients Inc Stock Price, News & Analysis

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.

Alto Ingredients, Inc. (NASDAQ: ALTO) will participate in the 12th Annual Craig-Hallum Alpha Select Conference on November 16, 2021. The event aims to showcase the company's position as a leading producer of specialty alcohols and essential ingredients.

Presentation materials will be accessible via the Investor Relations section of their website. For personalized engagement, attendees can schedule one-on-one meetings with Craig-Hallum representatives.

Alto Ingredients reported a third quarter net loss of $3.5 million for the period ending September 30, 2021, despite achieving positive adjusted EBITDA of $3.0 million. Net sales increased to $306 million, a significant rise from $204.7 million year-over-year, attributed to higher production and pricing. The company sold its Stockton, CA facility, retiring $150 million in term debt. However, gross loss of $3.4 million was noted due to increased costs. The company anticipates an annual EBITDA increase of $18.5 million starting in 2022.

Alto Ingredients, Inc. (NASDAQ: ALTO) announced the sale of its fuel ethanol production facility in Stockton, CA for $24 million. The company used $16.2 million of the proceeds to eliminate its outstanding term debt, resulting in a debt-free status. This sale concludes the company’s realignment of fuel-grade ethanol operations, enhancing profitability and balancing its financials. Alto plans to concentrate on producing specialty alcohols and essential ingredients, continuing to utilize the Stockton facility for renewable fuel sales via its subsidiary Kinergy Marketing.