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.
Alto Ingredients, Inc. (NASDAQ: ALTO) will release its first quarter 2021 financial results after market-close on May 12, 2021. A conference call will be held at 2:00 p.m. PT (5:00 p.m. ET) on the same day, featuring prepared remarks and a Q&A session. Investors can access the live webcast on the company’s website. A replay of the call will also be available for one year on the site and via a telephonic replay from May 12 to May 19, 2021. Alto Ingredients specializes in producing specialty alcohols and essential ingredients across various markets including Health, Home & Beauty, and Renewable Fuels.
Alto Ingredients, Inc. (NASDAQ: ALTO) announced a definitive agreement to sell its Madera, CA fuel ethanol production facility for $28.3 million, consisting of $19.5 million in cash and $8.8 million in assumed liabilities. The deal, expected to close in Q2 2021, aims to optimize the company's production footprint and reduce costs associated with idle plants. The majority of the proceeds will be used to pay down debt. Additionally, discussions are ongoing to sell another facility in Stockton.
Alto Ingredients reported its financial results for 2020, revealing a net loss of $16.4 million and Adjusted EBITDA of $67.4 million. The company reduced total debt by $146 million and improved cash reserves to $47.7 million. Although net sales decreased to $897 million from $1.4 billion, gross profit rebounded to $52.9 million from a loss the previous year. Production of specialty alcohols increased, highlighting the firm’s shift towards more profitable operations. The company aims to leverage its improved balance sheet for future growth opportunities.
Alto Ingredients, Inc. (NASDAQ: ALTO) will announce its fourth quarter and full year 2020 financial results on March 10, 2021, after market close. Management will hold a conference call on March 11, 2021, at 8:00 a.m. PT, featuring prepared remarks and a Q&A session. The conference call can be accessed via Alto's website or by phone. The company focuses on producing specialty alcohols for various markets, including health, food and beverage, and renewable fuels.
Alto Ingredients, Inc. (NASDAQ: ALTO) has announced that its Illinois Corn Processing (ICP) facility has received the EXCiPACT Good Manufacturing Practices (GMP) certification. This certification aligns with the company’s growth strategy to expand its presence in various ethyl alcohol markets, complementing its ISO 9001 and ICH Q7 certifications. The EXCiPACT certification is recognized globally within the pharmaceutical industry, indicating Alto's commitment to quality and safety in drug formulation components. This achievement underscores the company's effort to meet customer demands for high-quality ingredients.
Alto Ingredients, Inc. (NASDAQ: ALTO) announced its Illinois Corn Processing facility has attained ICH Q7 certification, enhancing its ability to provide high-quality specialty alcohols for the pharmaceutical sector. This certification follows the ISO 9001 certification received in October 2020, indicating the company’s commitment to quality management. CEO Mike Kandris noted that this achievement strengthens customer relationships and opens new market opportunities, particularly in health and beauty products, pharmaceuticals, and personal care.
Alto Ingredients (NASDAQ: ALTO) celebrated the commencement of trading under its new ticker symbol on February 1, 2021. The company will ring the Nasdaq Closing Bell on February 3, 2021, marking the transition from its former name, Pacific Ethanol. Alto Ingredients specializes in producing specialty alcohols and essential ingredients for various markets, including Food & Beverage and Renewable Fuels. The strategic rebranding aims to amplify its presence in these sectors and reflect its diversified business approach.