Core Insights - Alto Ingredients (ALTO) has faced a consistent decline in sales due to lower average sales prices per gallon and reduced volumes of essential ingredients sold, influenced by weak oil and gasoline prices [1][8] - The company is implementing a turnaround strategy by diversifying into higher-value specialty alcohols and essential ingredients, aiming to reduce earnings volatility and dependence on fuel ethanol pricing [3][8] Sales Performance - ALTO's revenues are highly sensitive to ethanol price movements, corn input costs, and demand from fuel blenders and industrial end markets, with sales declines noted across all major segments [2] - The company has idled or exited underperforming facilities and low-margin contracts to preserve liquidity and stabilize profitability, resulting in revenue contraction [2] Strategic Initiatives - ALTO is expanding carbon dioxide capture and utilization at its facilities, monetizing fermentation-derived CO2 to create a higher-margin revenue stream aligned with sustainability initiatives [3] - The company continues to streamline its cost structure and prioritize capital investments with near-term visibility, although sales are expected to decline in 2025 [4] Peer Comparison - Green Plains Inc. (GPRE) is also experiencing uneven sales due to fluctuating ethanol prices and is reshaping its business mix toward higher-margin products [5] - Gevo, Inc. (GEVO) is generating modest sales as it advances renewable fuel projects, with expectations for sales growth as projects reach commercialization [6] Stock Performance - ALTO's stock has gained 45.4% over the past year, outperforming the industry and the S&P 500 composite [7] - The stock is currently trading at a price-to-earnings multiple of 16.63, which is higher than the industry average of 15.95, indicating an expensive valuation [10] Earnings Estimates - The Zacks Consensus Estimate for ALTO's fourth-quarter 2025 EPS has not changed in the last 30 days, with expectations for a year-over-year decrease in revenues for 2025 and an increase for 2026 [11][12]

Core Insights - Alto Ingredients, Inc. announced the resignation of Jeremy T. Bezdek from its Board of Directors as he accepted a new role as president and CEO at The Lifetime Group [1][2] - The resignation was effective on November 24, 2025, and the company plans to search for a new independent director with relevant expertise [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, and Renewable Fuels [3]

Financial Performance (Q3 2025 vs Q3 2024) - Net sales decreased from $2518 million to $2410 million[33] - Gross profit increased significantly from $60 million to $235 million[33] - Net income improved from a loss of $(28) million to a profit of $139 million[33] - Adjusted EBITDA increased from $122 million to $214 million[33] Liquidity and Capital Resources - Cash and cash equivalents decreased slightly from $355 million to $325 million[33] - Working capital increased from $953 million to $1085 million[33] - Long-term debt, net, increased from $929 million to $1006 million[33] - Borrowing availability was $850 million[33] Strategic Initiatives and Regulatory Landscape - The company is focusing on projects to lower carbon intensity to capture more benefits from Section 45Z tax credits[7] - There is policy momentum for E15, expanding market opportunity, with a potential 50% increase in annual U S ethanol demand if national year-round E15 adoption occurs[9, 14] - The company is applying for Section 45Z tax credits for Alto Columbia and Alto Pekin Dry Mill, estimated to total ~$18 million in the next two years[15]

Core Insights - Alto Ingredients, Inc. reported significant financial improvements in Q3 2025, with gross profit of $23 million, net income of $14 million, and adjusted EBITDA of $21 million, reflecting a strong performance across all business segments [1][2][4]. Financial Performance - Gross profit increased by $18 million compared to Q3 2024, reaching $23 million [1][2]. - Net income improved by $17 million, totaling $14 million or $0.19 per share, compared to a net loss of $2.8 million in the same quarter last year [1][8]. - Adjusted EBITDA grew by $9 million to $21 million compared to Q3 2024 [1][2]. Sales and Revenue - Net sales for Q3 2025 were $241 million, down from $251.8 million in Q3 2024 [8]. - Cost of goods sold decreased to $217.5 million from $245.9 million, contributing to improved gross profit margins [8]. - For the nine months ended September 30, 2025, net sales were $686 million, compared to $728.9 million in the same period of 2024 [8]. Operational Highlights - The company has focused on targeting high-return market segments and enhancing operational efficiency, which has positively impacted financial results [2][3]. - Increased renewable fuel export sales and higher demand for liquid CO2 were key drivers of growth [2][3]. - The company is expanding its CO2 utilization through the 2025 Carbonic acquisition to meet growing demand [3]. Cash and Liquidity - Cash and cash equivalents as of September 30, 2025, were $32.5 million, down from $35.5 million at the end of 2024 [6]. - The company had borrowing availability of $85 million, including $20 million under its operating line of credit and $65 million under its term loan facility [6]. Segment Performance - The Pekin Campus produced 31.6 million gallons of renewable fuel in Q3 2025, slightly up from 31.1 million gallons in Q3 2024 [23]. - Total renewable fuel gallons sold decreased to 66.8 million from 74.3 million year-over-year [23]. - Specialty alcohol sales remained stable, with 22.4 million gallons sold in Q3 2025 compared to 22.5 million gallons in Q3 2024 [23].

Core Points - Alto Ingredients, Inc. will release its third quarter 2025 financial results on November 5, 2025, 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 webcast will be archived for one year on the company's website [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] - More information about the company can be found on its website [3]

Core Viewpoint - Alto Ingredients, Inc. is actively engaging with investors by participating in the LD Micro Main Event XIX, indicating a focus on investor relations and market presence [1]. Company Overview - Alto Ingredients, Inc. (NASDAQ: ALTO) is a prominent producer and distributor of specialty alcohols, renewable fuels, and essential ingredients [2]. - The company serves a diverse range of markets, including Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels [2]. Event Participation - Management plans to present at the LD Micro Main Event XIX on October 21, 2025, at 1:00 pm PT, and will also conduct one-on-one meetings with investors [1]. - Presentation materials and a webcast will be available on the company's website [1].

Core Insights - Alto Ingredients, Inc. is set to participate in the H.C. Wainwright 27th Annual Global Investment Conference on September 9, 2025, in New York City [1] - The company will conduct one-on-one meetings and present at 9:00 am ET, with presentation materials and webcast available on their website [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 Insights - Alto Ingredients, Inc. reported a gross profit increase of $5.6 million in Q2 2025 compared to Q2 2024, despite facing challenges in net sales and gross loss [1][4][6]. Financial Performance - For the three months ended June 30, 2025, net sales were $218.4 million, down from $236.5 million in the same period of 2024 [6][15]. - Cost of goods sold decreased to $220.4 million from $228.9 million year-over-year [6][15]. - The company experienced a gross loss of $1.9 million, compared to a gross profit of $7.6 million in Q2 2024 [6][15]. - Selling, general and administrative expenses were reduced to $6.2 million from $9.0 million [6][15]. - Interest expense increased to $2.8 million from $1.7 million [6][15]. - The net loss attributable to common stockholders was $11.3 million, or $0.15 per share, compared to a net loss of $3.4 million, or $0.05 per share, in Q2 2024 [6][15]. - Adjusted EBITDA was negative $0.2 million, an improvement from negative $5.9 million in the prior year [6][15]. Operational Highlights - The Western assets generated gross profit due to the acquisition of a liquid CO2 facility and strategic operational adjustments, including cold-idling the Magic Valley facility [2][3]. - The marketing and distribution segment improved through the integration of bulk sales customers and the continuation of profitable third-party ethanol marketing relationships [2][3]. - The company capitalized on operational flexibility by selling higher-margin ISCC export products into Europe [2][3]. Regulatory Environment - Positive regulatory developments, such as the extension of the 45Z credit through 2029, are expected to enhance the earnings profile and intrinsic valuation of the company's facilities [3]. - The company anticipates applying for credits amounting to nearly $18 million over the next two years based on targeted carbon intensity scores [3]. Sales and Production Metrics - Total renewable fuel gallons sold decreased to 66.8 million in Q2 2025 from 74.1 million in Q2 2024 [22][23]. - Specialty alcohol gallons sold were 19.9 million, down from 21.0 million year-over-year [22][23]. - The average market price for ethanol was $1.72 per gallon, slightly lower than the previous year [23][24].

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] Upcoming Financial Results - Alto Ingredients will release its second quarter 2025 financial results after the market closes on August 6, 2025 [1] - A conference call will be hosted by management at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day [1] Webcast and Replay Information - The webcast will be archived for replay on the Alto Ingredients website for one year [2] - A telephonic replay will be available from 8:00 p.m. Eastern Time on August 6, 2025, through 8:00 p.m. Eastern Time on August 13, 2025 [2]

Company Overview - Alto Ingredients, Inc. (NASDAQ: ALTO) 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 [6]. Board of Directors Update - Gilbert Nathan has been appointed as Chair and Dianne Nury as Vice-Chair of the board of directors, with Alan R. Tank and Jeremy T. Bezdek elected as new directors during the annual meeting on June 25, 2025 [1][2]. - Gilbert Nathan expressed his honor in serving as Chairman and emphasized the importance of the new board members' experience in enhancing shareholder value [2]. - Bryon McGregor, CEO of Alto Ingredients, highlighted the significance of the new directors' expertise in renewable energy and capital raising for the company's growth strategy and commitment to sustainability [2]. New Board Members' Expertise - Jeremy T. Bezdek brings over 30 years of experience in leadership, business development, M&A, and strategy execution across energy, renewables, and advanced manufacturing sectors. He has served on ten boards since 2010 and has a strong background in managing multi-billion-dollar investments [2][3]. - Alan R. Tank has over three decades of executive leadership in agriculture, food, and renewable energy sectors. He has held advisory roles in decarbonization opportunities and has co-owned a family farm, showcasing his diverse experience in the industry [4][5].