Alto Ingredients reports Q4 net loss $19.3M, FY gross profit $15.7M; signs LOI for CO2 storage

Alto Ingredients, Inc.

Q4 net loss $0.26 per share vs $0.46; FY net loss $0.40 vs $0.60.
FY 2023 gross profit $15.7M vs gross loss $27.6M; Q4 gross loss $2.5M vs $21.3M loss.
Q4 adjusted EBITDA $3.5M vs negative $15.5M; FY adjusted EBITDA $20.8M vs negative $5.7M.
Signed LOI with Vault 44.01 for permanent CO2 storage near Pekin campus to reduce carbon emissions.
Temporarily hot-idled Magic Valley facility in Q1 2024 to install design upgrades; restart expected in Q2 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alto Ingredients, Inc. reported Three months ended December 31, 2023 results: net income -19.3 million, EPS -0.26.

Period: Three months ended December 31, 2023
Net income: -19.3 million
EPS: -0.26
Result: reported results

Exact text from the filing

Net sales were $273.6 million, compared to $328.4 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alto Ingredients, Inc. reported Three months ended December 31, 2023 results: net income -19.3 million, EPS -0.26.

Period: Three months ended December 31, 2023
Net income: -19.3 million
EPS: -0.26
Result: reported results

Exact text from the filing

Net loss available to common stockholders was $19.3 million, or $0.26 per share, compared to $33.4 million, or $0.46 per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alto Ingredients, Inc. reported Year ended December 31, 2023 results: net income -29.3 million, EPS -0.40.

Period: Year ended December 31, 2023
Net income: -29.3 million
EPS: -0.40
Result: reported results

Exact text from the filing

Net sales were $1,222.9 million, compared to $1,335.6 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alto Ingredients, Inc. reported Year ended December 31, 2023 results: net income -29.3 million, EPS -0.40.

Period: Year ended December 31, 2023
Net income: -29.3 million
EPS: -0.40
Result: reported results

Exact text from the filing

Net loss available to common stockholders was $29.3 million, or $0.40 per share, compared to a loss of $42.9 million, or $0.60 per share.

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Alto Ingredients, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-021413

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