Alto Ingredients reports Q4 net income $35.4M vs loss $20.5M; full year net sales up 35% to $1.2B

Alto Ingredients, Inc.

Q4 net sales $385.5M (+128% YoY); gross profit $42.1M (+209%); net income $0.49 diluted EPS vs loss $0.30.
Full year net sales $1.2B (+35%); net income $44.2M ($0.61 diluted EPS) vs loss $16.4M; adjusted EBITDA $77M.
Acquired specialty alcohol distributor Eagle Alcohol in Jan 2022; sold Stockton facility for $24M in Nov 2021.
CEO Mike Kandris cites focus on higher-margin markets; company now profitable with growth opportunities.

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