Alto Ingredients (ALTO) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Kirsten Chapman - Managing Director, Alliance Advisors IRBryon McGregor - CEO, President & DirectorRobert Olander - Chief Financial Officer Conference Call Participants Sameer Joshi - Senior Equity Research AnalystLuke Persons - Research Analyst Operator Good day, and welcome to the Alto Ingredients First Quarter twenty twenty five Financial Results Conference Call. All participants will be in a listen only mode. Ple ...

Core Points - Methanex Corporation held its Annual General Meeting on May 1, 2025, in Vancouver, British Columbia, with a total of 55,396,544 common shares voted, representing 82.2% of all outstanding shares [1][2] Voting Results - All items of business were approved by shareholders, including the election of all director nominees with high approval rates, such as Doug Arnell receiving 99.75% of votes for [2] - The re-appointment of KPMG LLP as auditor was approved with 73.04% of votes for, while 26.96% of votes were withheld [3] - An advisory vote on executive compensation was accepted with 80.76% of votes for, indicating strong shareholder support for the company's compensation approach [3] Company Overview - Methanex is the world's largest producer and supplier of methanol, publicly traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [3]

Group 1 - Methanex Corporation has successfully restarted its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana, after an unplanned outage in late February [1] - Methanex is the world's largest supplier of methanol and is publicly traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [2] - The company is based in Vancouver, British Columbia, and provides information about its operations on its official website [2]

Financial Performance - For Q1 2025, Methanex reported net income of $111 million, or $1.44 per diluted share, compared to $45 million, or $0.67 per diluted share in Q4 2024 [3][14] - Adjusted EBITDA for Q1 2025 was $248 million, up from $224 million in Q4 2024 [3][8] - The average realized price for methanol in Q1 2025 was $404 per tonne, an increase from $370 per tonne in Q4 2024 [7][8] Production and Sales - Total production for Q1 2025 was 1,619,000 tonnes, down from 1,868,000 tonnes in Q4 2024, primarily due to a planned turnaround at Geismar 2 and an unplanned outage at Geismar 3 [6][14] - Total sales volume in Q1 2025 was 2,217,000 tonnes, compared to 2,564,000 tonnes in Q4 2024 [14] - Methanex-produced methanol sales were 1,703,000 tonnes in Q1 2025, up from 1,455,000 tonnes in Q4 2024 [14] Operational Highlights - Geismar produced 617,000 tonnes in Q1 2025, down from 839,000 tonnes in Q4 2024 due to maintenance and outages [16] - Chile's production increased to 429,000 tonnes in Q1 2025 from 387,000 tonnes in Q4 2024, attributed to improved reliability [17] - Egypt's production decreased to 136,000 tonnes in Q1 2025 from 155,000 tonnes in Q4 2024, impacted by gas availability [20] Future Outlook - The company expects lower Adjusted EBITDA in Q2 2025 compared to Q1 2025, primarily due to the outage at Geismar 3 and a lower average realized price [23] - The acquisition of OCI Global's international methanol business is anticipated to close in the second quarter of 2025 [7][14] - Production guidance for 2025 is expected to be lower than the previously guided 7.5 million tonnes due to the unplanned outage [22]

VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $111 million and Adjusted EBITDA of $248 million in the first quarter. Our average realized price in the first quarter was $404 per tonne compared to $370 per tonne in the fourth quarter of 2024.Production in the first quarter was 1,619,000 tonnes compared to 1,868,000 to ...

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Methanex Corporation and its officers or directors [1]. Group 1: Company Performance and Events - On March 9, 2025, Methanex announced an unplanned outage at its 1.8 million tonne methanol plant, Geismar 3, in Louisiana, which occurred in late February [3]. - Following the outage announcement, Methanex's management decided to repair the autothermal reformer (ATR) and estimated a plant startup by early May 2025 [3]. - The stock price of Methanex fell by $5.45 per share, or 12.9%, closing at $36.80 per share on March 10, 2025, after the announcement [4]. Group 2: Legal and Regulatory Context - Pomerantz LLP, a firm known for its work in corporate, securities, and antitrust class litigation, is leading the investigation into Methanex [5]. - The firm has a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [5].

Core Insights - Methanex Corporation released its 2024 Sustainability Report, highlighting progress on sustainability topics relevant to the company and its stakeholders [1] - The company achieved its best-ever safety performance in 2024, ranking in the top ten percent for safety among members of the American Chemistry Council's Responsible Care [2] - Methanex is recognized as the world's largest producer and supplier of methanol, contributing to sustainable solutions and improving everyday life [2][3] Company Overview - Methanex is a publicly traded company based in Vancouver, Canada, and is the largest global supplier of methanol [3] - The company's shares are listed on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [3] - Methanex emphasizes its commitment to safety, environmental impact reduction, and community contributions in its sustainability efforts [2]