earnings
confidence high
sentiment negative
materiality 0.80
Alto Ingredients Q4 net loss $42M; idles Magic Valley, considers merger
Alto Ingredients, Inc.
- Net loss $42.0M ($0.57/shr) in Q4 2024 vs $19.3M ($0.26/shr) a year ago; FY net loss $60.3M.
- Adjusted EBITDA negative $7.7M in Q4 vs positive $3.5M in Q4 2023.
- Cold idled Magic Valley plant; reduced headcount 16%; expects $8M annual savings from Q2 2025.
- Acquired beverage-grade liquid CO2 processor adjacent to Columbia site on Jan 1, 2025; payback <2 years.
- Considering asset sales, merger or other strategic transactions with financial advisors.