PEKIN, Ill., Nov. 26, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, today announced the resignation of Jeremy T. Bezdek from its Board of Directors. Mr. Bezdek recently accepted the role of president and chief executive officer at The Lifetime Group, a U.S. manufacturer of corn-based products. Gilbert Nathan, Chair of the Board of Alto Ingredients, commented, “On behalf of the board, I woul ...

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].

Core Viewpoint - Alto Ingredients, Inc. reported improved year-over-year gross margin and Adjusted EBITDA for Q1 2025, driven by operational efficiencies from its recent acquisition of Alto Carbonic and a corporate reorganization aimed at cost savings [2][4]. Financial Performance - Net sales for Q1 2025 were $226.5 million, down from $240.6 million in Q1 2024 [8][14]. - Cost of goods sold decreased to $228.3 million from $243.0 million, resulting in a gross loss of $1.8 million compared to a gross loss of $2.4 million in the previous year [8][14]. - Selling, general and administrative expenses were reduced to $7.2 million from $7.9 million [8][14]. - The net loss attributable to common stockholders was $12.0 million, or $0.16 per share, compared to a net loss of $12.0 million, or $0.17 per share, in the prior year [8][14]. Operational Highlights - The acquisition of Alto Carbonic has led to lower combined costs and improved operational coordination, contributing to an expected annual savings of approximately $8 million starting Q2 2025 [2][3]. - The company shifted production to ISCC renewable fuel for European markets, which is experiencing strong demand, partially offsetting the domestic softening of premiums on high-quality alcohol and essential ingredients [3][4]. Cash and Liquidity - Cash and cash equivalents were reported at $26.8 million as of March 31, 2025, down from $35.5 million at the end of 2024 [5][16]. - The company's borrowing availability stood at $76.7 million, including $11.7 million under the operating line of credit and $65.0 million under its term loan facility [5][16]. Market Metrics - Total renewable fuel gallons sold decreased to 65.3 million in Q1 2025 from 72.7 million in Q1 2024 [19]. - The average sales price per gallon for alcohol increased to $1.93 from $1.86 year-over-year [20]. - Essential ingredients sold totaled 310.8 thousand tons, slightly down from 313.4 thousand tons in the previous year [20].