Core Points - Alto Ingredients, Inc. announced that two long-standing directors, Douglas L. Kieta and Michael D. Kandris, will not stand for reelection at the 2025 Annual Meeting of Stockholders scheduled for June 25, 2025 [1] - The President and CEO of Alto Ingredients praised the contributions of the departing directors, highlighting their exceptional service and positive impact on the company's culture and operations [2] Company Overview - Alto Ingredients, Inc. is a leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, serving various markets including Health, Home & Beauty, Food & Beverage, Industry & Agriculture, Essential Ingredients, and Renewable Fuels [3]

Core Points - Alto Ingredients, Inc. has entered into a letter agreement with the Radoff/Torok Group, which includes provisions for the group to vote in favor of the Board's nominated directors during a specified standstill period [1][2] - The standstill period lasts from the date of the letter agreement until either 30 days before the 2026 Annual Meeting or 120 days before the first anniversary of the 2025 Annual Meeting [1] - The Radoff/Torok Group has also agreed to customary standstill and other provisions as part of the agreement [2] Company Overview - Alto Ingredients, Inc. is a leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients [3] - The company serves a diverse range of markets, including Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels [3]

Production Capacity and Sales - The company has an annual alcohol production capacity of 350 million gallons, including up to 110 million gallons of specialty alcohols, and marketed approximately 386 million gallons of alcohols in 2024[207]. - Specialty alcohols for the Industry & Agriculture, Food & Beverage, and Health, Home & Beauty markets represented approximately 12%, 7%, and 3% of total sales in 2024, respectively[212]. - The company sold nearly 92 million gallons of specialty alcohols in 2024 and aims to balance production levels between specialty alcohols and ISCC renewable fuels in 2025[238]. - For Q4 2024, the company sold 95.1 million gallons, up from 92.5 million gallons in Q4 2023, but the average sales price per gallon decreased to $1.88 from $2.24, resulting in a $38 million reduction in net sales year-over-year[239]. - Total gallons sold increased by 3.5 million gallons, or 1%, to 386.0 million gallons for 2024 from 382.5 million gallons for 2023[249]. - Total volume of essential ingredients sold increased by 27,900 tons, or 3%, to 906,300 tons, but net sales declined by $48.4 million, or 22%, due to a 25% decrease in average sales price per ton[266]. - Total gallons sold increased by 4.7 million gallons, or 2%, to 213.6 million gallons for the Pekin Campus, despite a decline in average sales price[264]. Financial Performance - Consolidated net sales decreased by $0.3 billion to $1.0 billion for 2024 from $1.2 billion for 2023[248]. - Net loss attributable to common stockholders increased by $31.0 million to a net loss of $60.3 million for 2024 from a net loss of $29.3 million for 2023[248]. - Consolidated net sales decreased by $257.7 million, or 21.1%, to $965.3 million for 2024 compared to 2023[259]. - Average sales price per gallon declined by $0.52, or 21%, to $1.95 for 2024 from $2.47 for 2023, primarily due to lower renewable fuel prices[249]. - Gross profit declined by $5.9 million to $9.7 million for 2024 from $15.7 million for 2023, impacted by weakened commodity crush margins[249]. - Consolidated gross profit decreased to $9.7 million, representing a gross margin of 1.0% for 2024, down from $15.7 million and a gross margin of 1.3% for 2023[272]. - Net sales of renewable fuel from the marketing and distribution segment decreased by $46.5 million, or 18%, to $216.5 million for 2024[267]. - Net sales of alcohol from the Western production segment declined by $51.6 million, or 31%, to $115.4 million, with total volume sold decreasing by 6.5 million gallons, or 10%[269]. Cost and Expenses - The company reduced its annual expense run rate by nearly $8 million and cold-idled its Magic Valley facility at the end of 2024 to minimize financial losses[223][231]. - Average cost of corn decreased by 28% to $4.72 per bushel for 2024 from $6.58 per bushel for 2023[252]. - Average price of fuel-grade ethanol declined by 24% to $1.69 per gallon for 2024 compared to $2.22 per gallon for 2023[252]. - Asset impairments for the fourth quarter totaled $24.8 million, including $21.4 million related to the cold idling of the Magic Valley plant[242]. - Acquisition-related expenses increased by $4.9 million to $7.7 million for 2024, relating to the acceleration of stock payments to former owners of Eagle Alcohol[279]. - Cash, cash equivalents, and restricted cash declined by 20% to $36.2 million as of December 31, 2024, from $45.5 million in 2023[287]. - Working capital decreased to $95.3 million at December 31, 2024, from $103.5 million at December 31, 2023, due to a $15.7 million decrease in current assets[289]. - Cash used in operating activities was $3.5 million in 2024, a significant decrease from $22.0 million generated in 2023, primarily due to lower commodity crush margins[291]. Market and Risk Management - The company obtained ISCC certification for its renewable fuels business, allowing it to export qualified renewable fuel to the European Union, where it can achieve premium prices[237]. - The company is exploring the sale of its production facilities in Oregon and Idaho and considering other strategic transactions to align with long-term value potential[224]. - The company is exposed to market risks related to ethanol and corn pricing, which are influenced by various factors including supply and demand dynamics and government regulations[324]. - The company employs risk management strategies, including the use of derivative financial instruments, to mitigate market risks associated with ethanol and corn prices[328]. - A sensitivity analysis estimated that a hypothetical 10% adverse change in ethanol prices could result in a pre-tax income decrease of approximately $31.6 million, while a similar change in corn prices could decrease pre-tax income by approximately $28.2 million[330]. Asset Management and Impairments - The company recorded asset impairments of $21.4 million and $0.6 million for the years ended December 31, 2024 and 2023, respectively, related to the Magic Valley facility and operating lease assets[313]. - The company recognized asset impairments of $3.4 million and $6.0 million against intangible assets and goodwill for the years ended December 31, 2024 and 2023, respectively[314]. - The company assesses the impairment of long-lived assets when events indicate that the fair value may be less than the net book value, leading to potential impairment expenses[313]. - The company evaluates deferred tax assets for realizability and has recorded a valuation allowance against net deferred tax assets due to insufficient evidence of future taxable income[317]. Revenue Recognition - The company recognizes revenue from sales of alcohols and essential ingredients at the point when control is transferred to the customer, typically upon delivery[308].

Financial Data and Key Metrics Changes - For Q4 2024, the company reported a consolidated net loss of $41.7 million, which included $30.5 million in asset impairments and acquisition-related expenses, compared to a net loss of $18.9 million in Q4 2023 [39] - Adjusted EBITDA for Q4 2024 was negative $7.7 million, a decline from positive $3.5 million in Q4 2023 [39] - The company sold 95.1 million gallons in Q4 2024, an increase from 92.5 million gallons in Q4 2023, but the average sales price per gallon dropped to $1.88 from $2.24 year-over-year [34] Business Line Data and Key Metrics Changes - The company cold idled the Magic Valley facility, leading to a significant impairment charge of $21.4 million for this plant in Q4 2024 [38] - The Eagle Alcohol operations were rationalized, resulting in a reduction of headcount and a focus on turning remaining operations into a profitable service center [16][31] - The Pekin campus production volume increased by 3.8 million gallons over the prior year, demonstrating the effectiveness of maintenance programs [27] Market Data and Key Metrics Changes - Market crush margins declined nearly $0.18, resulting in an $8.7 million adverse impact to gross profit [35] - Low carbon fuel credit prices were down compared to the previous year but showed improvement from Q3 2024 [35] - The company began exporting certified renewable fuel to European markets in Q4 2024, anticipating further expansion in 2025 [29] Company Strategy and Development Direction - The company is considering a range of strategic options, including asset sales and mergers, to maximize shareholder value [12][57] - The acquisition of Kodiak Carbonic for over $7 million is expected to bolster economics and increase asset valuation at the Columbia facility [19] - The company aims to balance production levels between specialty alcohol and ISCC products to maximize margins [30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenging market conditions in Q4 2024, with crush margins down compared to the prior quarter and year [12] - The company is optimistic about 2025, citing improved performance at the Pekin wet mill and the synergistic acquisition of the CO2 processing facility [42] - Management emphasized the importance of exceeding customer expectations and maximizing the value of specialty alcohol and essential ingredients [43] Other Important Information - The company expects to save approximately $8 million annually from cost-cutting initiatives, which will improve the bottom-line run rate and manage liquidity [18] - The company recorded $34.6 million in repairs and maintenance expenses in line with its 2024 estimate [41] - The company has a cash balance of $35 million and total loan borrowing availability of $88 million as of December 31, 2024 [41] Q&A Session Summary Question: How is the company planning to balance carbon sequestration versus high-premium carbon dioxide for the beverage industry? - Management indicated that while there are opportunities for carbon sequestration, the unique market conditions in the Pacific Northwest make the carbonic structure beneficial for long-term contracts [48] Question: Is the site certified for the 45Q incentives? - Management stated that the facility is very close to qualifying for the 45Q incentives, with ongoing work needed [50] Question: What is the expected ratio of specialty alcohol sent to the EU versus domestic markets? - Management explained that the pricing varies by country in the EU, and the goal is to continue achieving high volumes while optimizing profitability [52][54] Question: How far along are discussions regarding asset sales or mergers? - Management confirmed that all options are being considered to maximize shareholder value, but specific details on M&A activities were not disclosed [56] Question: What is the timeline for the CCUS project and its potential contributions? - Management indicated that the EPA permit process could take two years, followed by an additional one to two years for construction, potentially leading to contributions by 2029 or 2030 [66]

Financial Data and Key Metrics Changes - The consolidated net loss for Q4 2024 was $41.7 million, compared to a net loss of $18.9 million in Q4 2023, reflecting significant asset impairments and acquisition-related expenses [39] - Adjusted EBITDA for Q4 2024 was negative $7.7 million, a decline from positive $3.5 million in Q4 2023 [39] - The company sold 95.1 million gallons in Q4 2024, an increase from 92.5 million gallons in Q4 2023, but the average sales price per gallon dropped to $1.88 from $2.24 [34] Business Line Data and Key Metrics Changes - The company cold idled the Magic Valley facility, leading to a significant impairment charge of $21.4 million related to this plant [38] - The Eagle Alcohol operations were rationalized, resulting in a 16% reduction in headcount and a focus on turning remaining operations into a profitable service center [16][31] - The Pekin campus production volume increased by 3.8 million gallons over the prior year, demonstrating the effectiveness of maintenance programs [27] Market Data and Key Metrics Changes - Market crush margins declined nearly $0.18, adversely impacting gross profit by $8.7 million [35] - Low carbon fuel credit prices decreased compared to the previous year but showed improvement from Q3 2024 [35] - The company began exporting certified renewable fuel to European markets in Q4 2024, anticipating further expansion in 2025 [29] Company Strategy and Development Direction - The acquisition of Alto Carbonic is expected to bolster economics and increase asset valuation at the Columbia facility, providing a stronger financial foundation [19][43] - The company is considering a range of strategic options, including asset sales and mergers, to maximize shareholder value [12][57] - Ongoing efforts include optimizing CO2 production and pursuing carbon capture and storage (CCS) projects, with a focus on securing financing and community support [22][26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenging market conditions in Q4 2024, with a focus on cost-saving initiatives expected to save approximately $8 million annually [18][32] - The company is optimistic about 2025, citing improved performance at the Pekin wet mill and the synergistic acquisition of the CO2 processing facility [42] - Management emphasized the importance of exceeding customer expectations and maximizing the value of specialty alcohol and essential ingredients [43] Other Important Information - The company recorded $34.6 million in repairs and maintenance expenses in line with estimates for 2024 [41] - The cash balance as of December 31, 2024, was $35 million, with total loan borrowing availability of $88 million [41] Q&A Session Summary Question: How is the company planning to balance carbon sequestration versus high-premium CO2 for the beverage industry? - Management indicated that while there are opportunities for carbon sequestration, the unique market conditions in the Pacific Northwest present a significant advantage for CO2 production [48] Question: Is the site certified for 45Q incentives? - Management stated that the facility is close to qualifying for 45Q incentives, with ongoing efforts to meet requirements [50][51] Question: What is the expected ratio of specialty alcohol sent to the EU versus domestic markets? - Management explained that pricing varies by country in the EU, and the flexibility in production allows for optimization of profitability [52][54] Question: How far along are discussions regarding asset sales or mergers? - Management confirmed that all options are being considered to maximize shareholder value, but specific details on M&A activities were not disclosed [56][57] Question: What is the timeline for the CCS project and its potential contributions? - Management indicated that the EPA permit process could take two years, with construction timelines potentially extending to 2029 or 2030 [64][66]

Financial Performance - Alto Ingredients reported net sales of $236347 million for the three months ended December 31, 2024, compared to $273625 million for the same period in 2023[36] - The company's net loss for the three months ended December 31, 2024, was $(41712) million, compared to a net loss of $(18945) million for the same period in 2023[36] - Adjusted EBITDA for the three months ended December 31, 2024, was $(7658) million, compared to $3543 million for the same period in 2023[42] - For the year ended December 31, 2024, Alto Ingredients reported net sales of $965258 million, compared to $1222940 million in 2023[36] - The net loss for the year ended December 31, 2024, was $(58984) million, compared to a net loss of $(28005) million in 2023[36] - Adjusted EBITDA for the year ended December 31, 2024, was $(8531) million, compared to $20766 million in 2023[42] Strategic Initiatives - Alto Ingredients is targeting premium markets with high-quality products [6, 23] - The company is supporting the reduction in carbon emissions by pursuing Carbon Capture and Storage (CCS) [6, 23] - Alto Ingredients is optimizing its asset base and executing efficiency initiatives [6, 23] - The company acquired a beverage-grade liquid CO2 processor for $725 million plus working capital [14]

Exhibit 99.1 Alto Ingredients, Inc. Reports Fourth Quarter and Year-end 2024 Results - Implemented Cost Savings Expected to Yield Approximately $8 Million Annually - - Integrated Accretive Acquisition of a Beverage-grade Liquid CO2 Processor - - Considering Asset Sales, a Merger or Other Strategic Transactions - Pekin, IL, March 5, 2025 – Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, reported its financial results ...

- Implemented Cost Savings Expected to Yield Approximately $8 Million Annually - - Integrated Accretive Acquisition of a Beverage-grade Liquid CO2 Processor -- Considering Asset Sales, a Merger or Other Strategic Transactions - PEKIN, Ill., March 05, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, reported its financial results for the quarter and year ended December 31, 2024. Bryon McGregor, ...

PEKIN, Ill., March 04, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced that management plans to participate at the 37th Annual Roth Conference on March 16th-18th. The conference is being held at The Laguna Cliffs Marriott in Dana Point, CA Management will conduct one-on-one meetings on March 17th. Interested investors should contact their ROTH representative or Kirsten Chapman of Alli ...

Core Insights - Alto Ingredients, Inc. will release its fourth quarter and year-end 2024 financial results on March 5, 2025, after market close [1] - A conference call will be held on the same day at 2:00 p.m. Pacific Time, featuring prepared remarks and a Q&A session [2] - The company specializes in producing and distributing specialty alcohols, renewable fuels, and essential ingredients across various markets [3] Company Overview - Alto Ingredients, Inc. is a leading producer and distributor in the specialty alcohols and renewable fuels sectors [3] - The company serves a diverse range of markets including Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels [3] - For further information, the company’s website is available at www.altoingredients.com [3] Investor Relations - Media and investor relations contacts are provided for inquiries, including Michael Kramer from Alto Ingredients and Kirsten Chapman from Alliance Advisors [4] - The conference call will be archived for replay on the company’s website for one year, with a telephonic replay available for one week following the call [2]