Group 1 - Alto Ingredients, Inc. will release its second quarter 2024 financial results on August 6, 2024, after market close [1] - A conference call will be held at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time, featuring prepared remarks and a Q&A session [1] - The company is the largest producer of specialty alcohols in the United States, focusing on renewable fuel and essential ingredients [3] Group 2 - The webcast of the conference call will be archived for one year on the Alto Ingredients website [2] - A telephonic replay will be available from August 6, 2024, 8:00 p.m. Eastern Time to August 13, 2024, 8:00 p.m. Eastern Time [2] - Contact information for media and investor relations is provided for further inquiries [3]

A downtrend has been apparent in Alto Ingredients (ALTO) lately with too much selling pressure. The stock has declined 20.4% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, fo ...

Core Viewpoint - Alto Ingredients (ALTO) has experienced a bearish price trend recently, losing 5.7% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2] Group 1: Technical Analysis - The hammer chart pattern indicates a possible bottoming out of the stock price, suggesting that selling pressure may be subsiding [1] - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control and bulls are starting to gain traction [1] - This pattern can occur across various timeframes and is used by both short-term and long-term investors, although it should be combined with other bullish indicators for confirmation [1] Group 2: Fundamental Analysis - There has been a significant upward trend in earnings estimate revisions for ALTO, with the consensus EPS estimate increasing by 34.6% over the last 30 days, indicating strong agreement among analysts about the company's improved earnings potential [2] - ALTO holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [2] - The Zacks Rank serves as a timing indicator, suggesting that ALTO's prospects are beginning to improve, reinforcing the bullish case for the stock [2]

A downtrend has been apparent in Alto Ingredients (ALTO) lately with too much selling pressure. The stock has declined 16.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, f ...

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 March 31, 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, Inc. (NASDAQ:ALTO) Q1 2024 Earnings Conference Call May 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 Eric Stine - Craig-Hallum Capital Group Amit Dayal - H.C.W David Bastian - Kingdom Capital Advisors Operator Good day, and welcome to the Alto Ingredients, Inc. First Quarter 2024 Financial Results Conference Call. All participants are ...

[Alto Ingredients, Inc. First Quarter 2024 Results](index=1&type=section&id=Alto%20Ingredients%2C%20Inc.%20First%20Quarter%202024%20Results) [Executive Summary & Business Outlook](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Outlook) The company showed improved year-over-year profitability in Q1 2024 despite weather and hedging challenges, with a positive outlook driven by market fundamentals and strategic projects Q1 2024 vs Q1 2023 Performance Highlights | Metric | Improvement (YoY) | | :--- | :--- | | Gross Profit | $0.8 Million | | Net Loss | $1.4 Million | | Adjusted EBITDA | $3.4 Million | - The company's strategies to diversify revenue, enhance capacity utilization, cut costs, and broaden operating margins are showing positive results, benefiting from improved crush margins and operational efficiencies[2](index=2&type=chunk) - Q1 performance was materially impacted by a January cold spike that increased costs and a **$4.9 million loss** from energy hedging due to unseasonably moderate weather[2](index=2&type=chunk) - The market outlook for the rest of 2024 is considered favorable due to solid corn inventories, better export demand for ethanol, and the EPA's summer waiver for 15% ethanol blends[3](index=3&type=chunk) - The company is advancing its Carbon Capture and Storage (CCS) initiative by signing a letter of intent with Vault 44.01 to store CO2 near its Pekin campus[3](index=3&type=chunk)[4](index=4&type=chunk) [Financial Performance](index=2&type=section&id=Financial%20Performance) Net sales declined in Q1 2024, but a larger drop in costs led to an improved gross loss, a narrower net loss per share, and better Adjusted EBITDA [Consolidated Financial Results](index=2&type=section&id=Consolidated%20Financial%20Results) The company improved its Q1 2024 net loss to $12.0 million while total assets decreased to $434.6 million Q1 2024 vs Q1 2023 Consolidated Statement of Operations (in thousands, except per share data) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Sales | $240,629 | $313,891 | | Cost of Goods Sold | $243,029 | $317,055 | | Gross Loss | $(2,400) | $(3,164) | | Loss from Operations | $(10,332) | $(11,620) | | Net Loss | $(11,725) | $(13,166) | | Net Loss Available to Common Stockholders | $(12,040) | $(13,478) | | Net Loss Per Share | $(0.17) | $(0.18) | Consolidated Balance Sheet Highlights (in thousands) | Metric | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $29,310 | $30,014 | | Total Current Assets | $150,843 | $168,770 | | Total Assets | $434,635 | $454,241 | | Total Liabilities | $165,976 | $174,684 | | Total Stockholders' Equity | $268,659 | $279,557 | [Segment Performance](index=8&type=section&id=Segment%20Performance) The Pekin Campus segment returned to profitability, contrasting with a larger loss in the Western segment and a decline in Marketing and distribution Gross Profit (Loss) by Segment (in thousands) | Segment | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Pekin Campus production | $4,268 | $(1,853) | | Marketing and distribution | $3,532 | $4,212 | | Western production | $(8,460) | $(4,696) | | **Total Gross Loss** | **$(2,400)** | **$(3,164)** | [Non-GAAP Measures (Adjusted EBITDA)](index=2&type=section&id=Non-GAAP%20Measures%20(Adjusted%20EBITDA)) Adjusted EBITDA improved to negative $7.1 million in Q1 2024 from negative $10.4 million in the prior year after non-cash and specific item adjustments Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Line Item | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Loss | $(11,725) | $(13,166) | | Total Adjustments | $4,672 | $2,747 | | **Adjusted EBITDA** | **$(7,053)** | **$(10,419)** | [Operational Metrics](index=9&type=section&id=Operational%20Metrics) Q1 2024 saw steady alcohol sales volumes with a mix shift to specialty, higher production, and significantly improved crush margins due to lower corn costs [Sales and Production Metrics](index=9&type=section&id=Sales%20and%20Production%20Metrics) Total alcohol sales volume grew slightly to 99.0 million gallons, driven by specialty alcohol, while the average sales price per gallon declined Alcohol Sales (gallons in millions) | Category | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Total renewable fuel gallons sold | 72.7 | 77.1 | | Specialty alcohol gallons sold | 26.3 | 21.4 | | **Total gallons sold** | **99.0** | **98.5** | Alcohol Production (gallons in millions) | Location | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Pekin Campus | 53.6 | 53.3 | | Western production | 9.7 | 7.3 | | **Total** | **63.3** | **60.6** | [Key Cost and Market Metrics](index=9&type=section&id=Key%20Cost%20and%20Market%20Metrics) A significant drop in the average corn cost per bushel to $4.92 drove a substantial improvement in the board corn crush per gallon Corn Cost and Market Metrics | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Total Corn Cost per Bushel | $4.92 | $7.07 | | PLATTS Ethanol price per gallon | $1.56 | $2.19 | | Board corn crush per gallon | $0.01 | $(0.16) | [Essential Ingredients Metrics](index=10&type=section&id=Essential%20Ingredients%20Metrics) Increased sales of essential ingredients to 313.4 thousand tons improved the return as a percentage of total corn costs to 49.8% Total Essential Ingredients Sold (thousand tons) | Category | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Total Pekin Campus | 212.6 | 226.9 | | Total Western production | 100.8 | 72.4 | | **Total** | **313.4** | **299.3** | - The consolidated essential ingredients return as a percentage of total corn costs increased to **49.8%** in Q1 2024 from **45.4%** in Q1 2023[27](index=27&type=chunk) [Liquidity and Capital Resources](index=2&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained a stable liquidity position with $29.3 million in cash and $90.9 million in total borrowing availability - Cash and cash equivalents were **$29.3 million** at March 31, 2024, a slight decrease from **$30.0 million** at December 31, 2023[6](index=6&type=chunk) - Total borrowing availability was **$90.9 million**, consisting of **$25.9 million** under the operating line of credit and **$65.0 million** under the term loan facility[6](index=6&type=chunk)

Core Viewpoint - Alto Ingredients, Inc. will release its first quarter 2024 financial results on May 6, 2024, and will host a conference call for investors [1] Company Overview - Alto Ingredients, Inc. is the largest producer of specialty alcohols in the United States, focusing on renewable fuel and essential ingredients [3] - The company serves five key markets: Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels [3] - Major customers include significant food and beverage companies and consumer products companies [3] Conference Call Details - The conference call will take place at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time [1] - Participants can join via webcast or by dialing in, with specific numbers provided for domestic and international callers [1] - A replay of the webcast will be available for one year on the company's website, and a telephonic replay will be accessible for one week following the call [2]

PEKIN, Ill., April 29, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a producer and distributor of renewable fuel and essential ingredients and the largest producer of specialty alcohols in the United States, announced it will release its first quarter 2024 financial results after the close of market on Monday, May 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-answe ...

PEKIN, Ill., March 21, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ:ALTO), a producer and distributor of renewable fuel and essential ingredients and the largest producer of specialty alcohols in the United States, announced today that Michael D. Kandris advised the company that he will resign from his position as Interim Chief Operating Officer effective April 1, 2024. Kandris will continue to serve as a special advisor during a transition period ending with his retirement on June 20, 2024 and w ...