Alto Ingredients Inc

NASDAQ:ALTOUnited States

May 6, 2024

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• -- Earnings Flash (ALTO) ALTO INGREDIENTS Posts Q1 Revenue $240.6M, vs. Street Est of $217.5M, from 4:29PM ET on Monday May 06, 2024 by MT Newswires

  4:29PM ET on Monday May 06, 2024 by MT Newswires
  Companies Mentioned: ALTO
  04:29 PM EDT, 05/06/2024 (MT Newswires) -- ...

• Alto Ingredients, Inc. Reports First Quarter 2024 Results, from 4:05PM ET on Monday May 06, 2024 by GlobeNewswire

  4:05PM ET on Monday May 06, 2024 by GlobeNewswire
  Companies Mentioned: ALTO

• Alto Ingredients, Inc. Reports First Quarter 2024 Results, from 4:05PM ET on Monday May 06, 2024 by Dow Jones

  4:05PM ET on Monday May 06, 2024 by Dow Jones
  Companies Mentioned: ALTO
  eliminations (1,079) (600) Cost of goods sold as reported $ 243,029 $ 317,055 ============== ======= Gross profit (loss): --------------------- Pekin Campus production $ 4,268 (1,853) Marketing and distribution 3,532 4,212 Western production (8,460) (4,696) Corporate and other 254 1,730 Intersegment eliminations (1,994) (2,557) Gross loss as reported $ (2,400 $ (3,164) ============== ======= Sales and Operating Metrics (unaudited) ----------------------------------------- Three Months Ended March 31, 2024 2023 Alcohol Sales (gallons in millions) Pekin Campus renewable fuel gallons sold 31.8 35.3 Western production renewable fuel gallons sold 11.2 7.9 Third party renewable fuel gallons sold 29.7 33.9 ------ ----- Total renewable fuel gallons sold 72.7 77.1 Specialty alcohol gallons sold 26.3 21.4 ------ ----- Total gallons sold 99.0 98.5 ====== ===== Sales Price per Gallon Pekin Campus $ 1.90 $ 2.38 Western production $ 1.80 $ 2.64 Marketing and distribution $ 1.83 $ 2.49 Total $ 1.86 $ 2.43 Alcohol Production (gallons in millions) Pekin Campus 53.6 53.3 Western production 9.7 7.3 Total 63.3 60.6 ====== ===== Corn Cost per Bushel Pekin Campus $ 4.73 $ 6.83 Western production $ 5.89 $ 9.34 Total $ 4.92 $ 7.07 Average Market Metrics PLATTS Ethanol price per gallon $ 1.56 $ 2.19 CME Corn cost per bushel $ 4.35 $ 6.58 Board corn crush per gallon (1) $ 0.01 $(0.16) Essential Ingredients Sold (thousand tons) Pekin Campus: Distillers grains 87.7 90.8 CO2 39.1 42.3 Corn wet feed 25.6 26.7 Corn dry feed 18.9 21.5 Corn oil and germ 17.8 19.3 Syrup and other 9.5 10.5 Corn meal 8.3 9.4 Yeast 5.7 6.4 ------ ----- Total Pekin Campus essential ingredients sold 212.6 226.9 Western production: Distillers grains 71.8 54.0 Syrup and other 14.2 3.5 CO2 13.3 13.6 Corn oil 1.5 1.3 ------ ----- Total Western production essential ingredients sold 100.8 72.4 Total Essential Ingredients Sold 313.4 299.3 ====== ===== Essential Ingredients Return % (2) Pekin Campus return 52.1% 46.2% Western production return 39.3% 40.0% Consolidated total return 49.8% 45.4% (1) Assumes corn conversion of 2.80 gallons of alcohol per bushel of corn. (2) Essential ingredient revenues as a percentage of total corn costs consumed.
  

• Press Release: Alto Ingredients, Inc. Reports First Quarter 2024 Results, from 4:05PM ET on Monday May 06, 2024 by Dow Jones

  4:05PM ET on Monday May 06, 2024 by Dow Jones
  Companies Mentioned: ALTO
  
  Alto Ingredients, Inc. Reports First Quarter 2024 Results
  
  -- Improved Q1 2024 Gross Profit by $0.8 Million, Net Loss by $1.4 Million and Adjusted EBITDA by $3.4 Million over Q1 2023 --