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Alto Ingredients (ALTO)
NASDAQ:ALTO
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
-$0.26Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -23.71%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in production and progress towards sustainability goals, particularly at the Pekin campus. However, the company faced challenges with declining net sales, losses at Western facilities, and falling carbon prices, leading to potential strategic shifts including idling the Magic Valley plant.Company Guidance
During the Alto Ingredients Q3 2024 earnings call, the company provided guidance on several key metrics. The consolidated gross profit improved to $6 million, while adjusted EBITDA reached $12.2 million. The Pekin campus notably increased its production capabilities, contributing $6.2 million to the gross profit, a tenfold year-over-year improvement. Specialty alcohol sales from Pekin rose to 42% of the total sales volume, an increase of 7 percentage points from the same period last year. Despite these gains, the company faced challenges at its Western facilities, which reported a gross loss of $2.3 million. The net loss for the quarter was $2.4 million, compared to a $3.5 million net loss in Q3 2023. Additionally, the company is actively exploring options to optimize its Western assets, including potential partnerships, to address margin compression issues. The company also announced a definitive CO2 Transportation and Sequestration Agreement, marking a significant step in its sustainability efforts.Pekin Campus Production Improvements
The Pekin campus increased production capabilities and uptime, improving profitability. Q3 2024 consolidated gross profit was $6 million, and adjusted EBITDA was $12.2 million.
CO2 Transportation and Sequestration Agreement
Alto Ingredients finalized a definitive CO2 Transportation and Sequestration Agreement with Vault, marking progress in sustainability efforts.
Increased Specialty Alcohol Production
Specialty alcohols accounted for 42% of total Pekin sales volume, a 7 percentage point increase compared to the same period last year.
Successful Restart of Magic Valley Facility
Magic Valley achieved full capacity ethanol production rates with protein content reaching 50% or greater.
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ALTO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALTO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $1.94 | $1.21 | -37.63% |
| Aug 06, 2024 | $1.38 | $1.46 | +5.80% |
| May 06, 2024 | $1.95 | $1.76 | -9.74% |
| Mar 11, 2024 | $2.22 | $2.01 | -9.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alto Ingredients (ALTO) report earnings?
Alto Ingredients (ALTO) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Alto Ingredients (ALTO) earnings time?
Alto Ingredients (ALTO) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALTO EPS forecast?
ALTO EPS forecast for the fiscal quarter 2024 (Q4) is -$0.11.
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