Financial Performance - Net sales for Q3 2024 were $251.8 million, down from $318.1 million in Q3 2023, representing a decrease of approximately 21% year-over-year[3][4]. - For the nine months ended September 30, 2024, net sales were $728.9 million, down from $949.3 million in the same period of 2023, a decrease of approximately 23%[7][8]. - Net sales reported for the three months ended September 2024 were $251,814,000, a decrease of 21% compared to $318,127,000 for the same period in 2023[25]. - Total Pekin Campus sales for the nine months ended September 2024 were $443,718,000, down 21% from $558,969,000 in the prior year[25]. Profitability - Gross profit improved over 40% year-over-year to $6.0 million, compared to $4.2 million in the prior year, despite market fluctuations[2][4]. - Adjusted EBITDA was positive $12.2 million in Q3 2024, down from $13.6 million in Q3 2023, reflecting a decrease of approximately 10%[6]. - Adjusted EBITDA for the three months ended September 30, 2024, was $12,164 thousand, compared to $13,596 thousand for the same period in 2023, a decrease of about 10.5%[20]. - The net loss available to common stockholders was $2.8 million, or $0.04 per share, compared to a net loss of $3.8 million, or $0.05 per share in the prior year[5][14]. - The company reported a net loss of $18.2 million for the nine months ended September 30, 2024, compared to a net loss of $10.0 million in the same period of 2023[8][14]. Sales Breakdown - Specialty alcohol sold increased by 4 million gallons compared to the same quarter last year, positively impacting the sales mix[2]. - Alcohol sales at the Pekin Campus for the three months ended September 2024 were $106,459,000, a decline of 17% from $128,554,000 in the same quarter of 2023[25]. - Essential ingredient sales for the three months ended September 2024 were $41,217,000, down 20% from $51,634,000 in the prior year[25]. - Total marketing and distribution sales for the three months ended September 2024 were $57,464,000, a decrease of 8% compared to $62,271,000 in the same period of 2023[25]. - Western production sales for the three months ended September 2024 were $46,811,000, down 38% from $75,037,000 in the same quarter of 2023[25]. Cost and Expenses - Selling, general and administrative expenses decreased to $7.5 million from $8.5 million year-over-year[4]. - Cost of goods sold for the three months ended September 2024 was $245,854,000, a decrease of 22% from $313,966,000 in the same period of 2023[25]. Assets and Liabilities - Cash and cash equivalents increased to $33.6 million at September 30, 2024, compared to $30.0 million at December 31, 2023[7][15]. - Total current liabilities decreased from $65,288 thousand to $45,102 thousand, a reduction of approximately 31%[17]. - Long-term debt increased slightly from $82,097 thousand to $83,342 thousand, reflecting a 1.5% increase[17]. - Total stockholders' equity decreased from $279,557 thousand to $263,925 thousand, a decline of about 5.6%[18]. Market Trends - Average PLATTS ethanol price per gallon decreased from $2.29 to $1.81, a decline of approximately 20.9%[23]. - Corn cost per bushel decreased from $6.60 to $4.68, a reduction of approximately 29%[21]. - Total renewable fuel gallons sold decreased from 78.5 million to 74.3 million, a decline of approximately 2.7%[21]. - Total essential ingredients sold decreased from 423.2 thousand tons to 391.4 thousand tons, a reduction of about 7.5%[23]. - Consolidated total return on essential ingredients increased from 40.4% to 42.8%, an improvement of 2.4 percentage points[23]. Sustainability Initiatives - The company entered into a CO2 Transportation and Sequestration Agreement with Vault 44.01, marking a significant step towards sustainability[1][3].

Core Insights - Alto Ingredients, Inc. reported its Q3 2024 financial results, highlighting a significant increase in gross profit and a new CO2 Transportation and Sequestration Agreement with Vault 44.01 aimed at reducing carbon emissions [1][2][3]. Financial Performance - For Q3 2024, net sales were $251.8 million, down from $318.1 million in Q3 2023 [4]. - Cost of goods sold decreased to $245.9 million from $314.0 million year-over-year [4]. - Gross profit improved over 40% year-over-year to $6.0 million, despite market fluctuations [2][4]. - Selling, general and administrative expenses were reduced to $7.5 million from $8.5 million [4]. - The net loss available to common stockholders was $2.8 million, or $0.04 per share, compared to a loss of $3.8 million, or $0.05 per share in the prior year [4]. Production and Sales Metrics - Specialty alcohol sales increased by 4 million gallons year-over-year, contributing positively to the sales mix [2]. - Total renewable fuel gallons sold in Q3 2024 were 74.3 million, down from 78.5 million in Q3 2023 [17]. - The average sales price per gallon for the Pekin campus was $2.02, compared to $2.48 in the previous year [17]. Cash and Liquidity - Cash and cash equivalents at September 30, 2024, were $33.6 million, up from $30.0 million at the end of 2023 [5]. - The company's borrowing availability was $92.2 million, including $27.2 million under the operating line of credit and $65.0 million under the term loan facility [5]. Strategic Initiatives - The company is focused on improving profitability and reducing its carbon footprint through the new CO2 Transportation and Sequestration Agreement [3][2]. - The agreement aims to transport and sequester carbon emissions from the Pekin campus into the Mt. Simon sandstone formation in Illinois [1][3].

PEKIN, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced it will release its third quarter 2024 financial results after the close of market on Wednesday, November 6, 2024. Management will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time and will deliver prepared remarks via webcast followed by a question-and-answer session. How to participate: T ...

PEKIN, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuel and essential ingredients, provided updates on its Magic Valley facility in Idaho where it has installed Harvesting Technology’s patented system to capture its high protein and corn oil products. For October to date, the new equipment and system modifications to improve capacity at the Magic Valley facility are delivering the following metrics: Averag ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high," which can lead to risks if stocks lose momentum [1] Group 1: Momentum Investing Strategy - Momentum investors typically avoid timing the market and instead capitalize on fast-moving stocks [1] - Identifying the right entry point for momentum stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [1] Group 2: Alto Ingredients (ALTO) Analysis - Alto Ingredients (ALTO) has shown a price increase of 13.3% over the past four weeks and 13.7% over the past 12 weeks, indicating strong investor interest [2] - ALTO has a beta of 1.97, suggesting it moves 97% higher than the market, reflecting fast-paced momentum [3] - The stock has a Momentum Score of B, indicating a favorable time to invest, and it holds a Zacks Rank 2 (Buy) due to positive earnings estimate revisions [3] - ALTO is trading at a Price-to-Sales ratio of 0.12, suggesting it is undervalued at 12 cents for each dollar of sales [3] Group 3: Investment Opportunities - In addition to ALTO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, providing additional investment opportunities [4] - The Zacks Premium Screens offer over 45 strategically created options to help investors find winning stock picks [4]

Financial Performance - For the three months ended June 30, 2024, Net sales were $236468 thousand, compared to $317297 thousand for the three months ended June 30, 2023[31] - For the six months ended June 30, 2024, Net sales were $477097 thousand, compared to $631188 thousand for the six months ended June 30, 2023[31] - The company reported a Net loss of $(3106) thousand for the three months ended June 30, 2024, compared to a Net income of $7595 thousand for the same period in 2023[31] - The company reported a Net loss of $(14831) thousand for the six months ended June 30, 2024, compared to a Net loss of $(5571) thousand for the same period in 2023[31] - Adjusted EBITDA for the three months ended June 30, 2024, was $(5927) thousand, compared to $14045 thousand for the same period in 2023[36] - Adjusted EBITDA for the six months ended June 30, 2024, was $(12980) thousand, compared to $3626 thousand for the same period in 2023[36] Segment Performance - Pekin Campus recorded alcohol sales of $100687 thousand and essential ingredient sales of $39371 thousand for the three months ended June 30, 2024[37] - Marketing and distribution alcohol sales were $70157 thousand for the three months ended June 30, 2024[37] - Western production alcohol sales were $17456 thousand and essential ingredient sales were $5950 thousand for the three months ended June 30, 2024[37] Key Initiatives - The company is targeting higher-margin markets with premium products and pursuing carbon capture & storage [8, 24] - The company is optimizing its asset base, executing efficiency initiatives, advancing traceability & sustainability certifications & programs, and broadening its customer base[8, 24]

Alto Ingredients, Inc. (NASDAQ:ALTO) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Kirsten Chapman - LHA Investor Relations Bryon McGregor - President and Chief Executive Officer Rob Olander - Chief Financial Officer Conference Call Participants Sameer Joshi - H.C. Wainwright Eric Stine - Craig-Hallum Capital Group Justin Dopierala - DOMO Capital Management, LLC Operator Good afternoon, and welcome to the Alto Ingredients Inc. Second Quarter 2024 Financial Results Conferenc ...

NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Palo Alto Networks (NASDAQ: PANW) on behalf of long-term stockholders following a class action complaint that was filed against Palo Alto Networks on February 26, 2024 with a Class Period from August 18, 2023 to February 20, 2024. Our investigation concerns whether the board of directors of Palo Alto Networks have breached their fiduciary dut ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File Number: 000-21467 ALTO INGREDIENTS, INC. (Exact name of registrant as specified in its charter) | --- | --- | |----------------- ...

Alto Ingredients (ALTO) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 54.55%. A quarter ago, it was expected that this ethanol producer would post a loss of $0.18 per share when it actually produced a loss of $0.17, delivering a surprise of 5.56%.Over the last four quarters, the company ...