NASDAQ$ALTO
Alto Ingredients Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Improved gross profit, net loss, and Adjusted EBITDA compared to Q1 2023.
Alto Ingredients reported improved first quarter 2024 results with gross profit increasing by $0.8 million, net loss decreasing by $1.4 million, and Adjusted EBITDA increasing by $3.4 million compared to the first quarter of 2023. However, weather factors and energy hedging activities impacted the quarter's performance.
- Strategies to diversify revenue, improve capacity utilization rates, reduce costs and expand operating margins are coming to fruition.
- First quarter 2024 financial results benefited from improved crush margins and efforts to increase essential ingredient returns and operating efficiencies.
- Cold spike at the Pekin campus increased transportation related expenses, reduced production rates and caused a shift to lower margin feed products.
- Unseasonably moderate weather conditions and ensuing low natural gas prices resulted in an incremental loss of $4.9 million from energy hedging activities.
Headline financials
Revenue & EPS history
Alto Ingredients · Revenue · Quarterly
$241M
Forward guidance
The market outlook for the rest of 2024 remains favorable, supported by solid corn inventories, improved export demand for ethanol and the EPA’s summer waiver for 15% blends.
Tailwinds
- Solid corn inventories
- Improved export demand for ethanol
- EPA’s summer waiver for 15% blends.
- Scheduled biennial outage at our Pekin wet mill was completed in April 2024 and will result in more consistent and higher production rates
- Improving reliability as we approach the summer driving season
Headwinds
- Cold spike at the Pekin campus increased transportation related expenses
- Reduced production rates
- Shift to lower margin feed products
- Unseasonably moderate weather conditions
- Low natural gas prices resulted in an incremental loss of $4.9 million from our energy hedging activities
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-1.9%
Avg return
Earnings day
-2.1%
Avg return
5 days after
+0.7%
Avg return
30 days after
39%
25 / 64 earnings
Positive
+54.6%
Q4 2025
Best reaction
-58.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | +1.3% | +20.1% | |
| Q4 2025 | +54.6% | +76.9% | +79.6% | |
| Q3 2025 | +21.9% | +53.4% | +116.4% | |
| Q1 2025 | -1.4% | -4.7% | +18.6% | |
| Q4 2024 | +6.8% | -4.8% | -38.8% | |
| Q3 2024 | -37.3% | -30.1% | -22.3% | |
| Q2 2024 | +4.3% | -0.7% | +2.9% | |
| Q1 2024 | -7.4% | -11.1% | -23.7% | |
| Q4 2023 | -7.4% | -8.8% | -5.1% | |
| Q3 2023 | -58.2% | -54.8% | -45.5% | |
| Q2 2023 | +11.8% | +9.2% | -4.9% | |
| Q1 2023 | +12.1% | +45.7% | +69.3% | |
| Q4 2022 | -34.4% | -34.0% | -52.9% | |
| Q3 2022 | -10.0% | -8.6% | -23.2% | |
| Q2 2022 | +1.1% | +7.0% | -18.5% | |
| Q1 2022 | -10.9% | -10.5% | -7.4% | |
| Q4 2021 | +4.1% | -7.1% | +12.2% | |
| Q3 2021 | -1.3% | -4.2% | -19.4% | |
| Q2 2021 | -9.0% | -3.4% | -5.6% | |
| Q1 2021 | -11.8% | -5.1% | +7.8% | |
| Q4 2020 | -17.1% | -22.3% | -28.3% | |
| Q3 2020 | -14.1% | -15.0% | -9.6% | |
| Q2 2020 | +25.3% | +5.6% | +41.4% | |
| Q1 2020 | -4.5% | -7.5% | +70.0% | |
| Q4 2019 | -5.6% | -13.3% | +10.0% | |
| Q3 2019 | -4.5% | -15.5% | -19.0% | |
| Q2 2019 | +9.5% | +29.6% | +20.4% | |
| Q1 2019 | -4.6% | +0.9% | -11.0% | |
| Q4 2018 | -7.0% | -10.9% | -10.2% | |
| Q3 2018 | +4.2% | +7.2% | -9.6% | |
| Q2 2018 | -11.3% | -20.8% | -30.2% | |
| Q1 2018 | +4.6% | +3.1% | -4.6% | |
| Q4 2017 | -12.8% | -15.1% | -30.2% | |
| Q3 2017 | +3.3% | +3.3% | -3.3% | |
| Q2 2017 | -1.7% | -2.6% | -13.0% | |
| Q1 2017 | +2.1% | -1.4% | -15.0% | |
| Q4 2016 | +0.6% | -7.0% | -12.7% | |
| Q3 2016 | -6.0% | -11.3% | +16.0% | |
| Q2 2016 | +8.0% | +5.1% | +8.4% | |
| Q1 2016 | +2.1% | — | — | |
| Q4 2015 | +28.3% | — | — | |
| Q3 2015 | -10.4% | — | — | |
| Q2 2015 | +5.3% | — | — | |
| Q1 2015 | +0.7% | — | — | |
| Q4 2014 | +28.3% | — | — | |
| Q3 2014 | +4.5% | — | — | |
| Q2 2014 | -3.7% | — | — | |
| Q1 2014 | -7.1% | — | — | |
| Q4 2013 | +54.0% | — | — | |
| Q3 2013 | -2.7% | — | — | |
| Q2 2013 | -3.1% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | -6.4% | — | — | |
| Q3 2012 | -8.0% | — | — | |
| Q2 2012 | +0.5% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q1 2012 | -17.0% | — | — | |
| Q3 2011 | -13.2% | — | — | |
| Q3 2010 | -13.2% | — | — | |
| Q2 2011 | -11.3% | — | — | |
| Q4 2010 | -11.3% | — | — | |
| Q2 2010 | -11.3% | — | — | |
| Q1 2011 | -10.6% | — | — | |
| Q1 2010 | -11.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro