Alto Ingredients, Inc. (NASDAQ: ALTO), a leading
producer and distributor of specialty alcohols, renewable fuels and
essential ingredients, reported its financial results for the
quarter ended September 30, 2024. In a separate press release, the
company announced it entered into a CO2 Transportation and
Sequestration Agreement (TSA) with Vault 44.01 to transport, inject
and sequester carbon from the company’s Pekin campus into the Mt.
Simon sandstone formation in Illinois.
Bryon McGregor, President and CEO of Alto
Ingredients, said, “Our team is committed to delivering the highest
quality products to our customers while improving profitability on
a consistent basis. In Q3 2024, we increased the production
capabilities and uptime at our Pekin campus, compared to the prior
year quarter, reflecting the success of our scheduled repairs and
maintenance outage in Q2. As a result, specialty alcohol sold
increased by 4 million gallons compared to last year, positively
shifting our sales mix. Consolidated gross profit for the quarter
improved over 40% year-over-year to $6.0 million despite
fluctuating market conditions.
“We are managing through the current market
dynamics and positioning the company to leverage the opportunities
presented by our unique facilities. In addition, consistent with
our strategy to lower our carbon footprint, we entered into an
agreement for the safe transportation and storage of our CO2
emissions from our Pekin campus. While we await EPA submission and
approval, address financing and source equipment, the TSA marks a
significant milestone on our path toward a more sustainable and
prosperous future.”
Financial Results for the Three Months
Ended September 30, 2024 Compared to 2023
- Net sales were $251.8 million,
compared to $318.1 million.
- Cost of goods sold was $245.9
million, compared to $314.0 million.
- Gross profit was $6.0 million,
including $3.6 million in realized gains on derivatives, compared
to a gross profit of $4.2 million, including $6.2 million in
realized gains on derivatives.
- Selling, general and administrative
expenses were $7.5 million, compared to $8.5 million.
- Gain on sale of certain idled
assets was $0.8 million, compared to none in the prior year
period.
- Income from cash grant was $2.8
million in 2023, while none in 2024 as the USDA closed out the
Biofuel Producer Program associated with the pandemic.
- Net loss available to common
stockholders was $2.8 million, or $0.04 per share, compared to $3.8
million, or $0.05 per share.
- Adjusted EBITDA was positive $12.2
million, including $3.6 million in realized gains on derivatives,
compared to positive $13.6 million, including $6.2 million dollars
in realized gains on derivatives and $2.8 million income from cash
grant.
Cash and cash equivalents were $33.6 million at
September 30, 2024, compared to $30.0 million at December 31, 2023.
At September 30, 2024, the company’s borrowing availability was
$92.2 million including $27.2 million under the company’s operating
line of credit and $65.0 million under its term loan facility,
subject to certain conditions.
Financial Results for the
Nine Months Ended
September
30,
2024 Compared to
2023
- Net sales were $728.9 million,
compared to $949.3 million.
- Net loss available to common
stockholders was $18.2 million, or $0.25 per share, compared to
$10.0 million, or $0.14 per share.
- Adjusted EBITDA was negative $0.8
million, including $0.9 million in realized gains on derivatives
and $5.4 million in costs related to the biennial outage in the
second quarter, compared to positive $17.2 million, including $4.0
million in realized gains on derivatives and the aforementioned
$2.8 million USDA cash grant.
Third Quarter 2024 Results Conference
Call Management will host a conference call at 2:00 p.m.
Pacific Time / 5:00 p.m. Eastern Time on Wednesday, November 6,
2024, and will deliver prepared remarks via webcast followed by a
question-and-answer session.
The webcast for the conference call can be
accessed from Alto Ingredients’ website at www.altoingredients.com.
Alternatively, to receive a number and unique PIN by email,
register here. To dial directly up to twenty minutes prior to the
scheduled call time, please dial (833) 630-0017 domestically and
(412) 317-1806 internationally. The webcast will be archived for
replay on the Alto Ingredients website for one year. In addition, a
telephonic replay will be available at 8:00 p.m. Eastern Time on
Wednesday, November 6, 2024, through 8:00 p.m. Eastern Time on
Wednesday, November 13, 2024. To access the replay, please dial
(877) 344-7529. International callers should dial 00-1
412-317-0088. The pass code will be 8828903.
Use of Non-GAAP Measures
Management believes that certain financial measures not in
accordance with generally accepted accounting principles ("GAAP")
are useful measures of operations. The company defines Adjusted
EBITDA as unaudited consolidated net income (loss) before interest
expense, interest income, provision for income taxes, asset
impairments, unrealized derivative gains and losses,
acquisition-related expense and depreciation and amortization
expense. A table is provided at the end of this release that
provides a reconciliation of Adjusted EBITDA to its most directly
comparable GAAP measure, net income (loss). Management provides
this non-GAAP measure so that investors will have the same
financial information that management uses, which may assist
investors in properly assessing the company's performance on a
period-over-period basis. Adjusted EBITDA is not a measure of
financial performance under GAAP and should not be considered as an
alternative to net income (loss) or any other measure of
performance under GAAP, or to cash flows from operating, investing
or financing activities as an indicator of cash flows or as a
measure of liquidity. Adjusted EBITDA has limitations as an
analytical tool, and you should not consider this measure in
isolation or as a substitute for analysis of the company's results
as reported under GAAP.
About Alto Ingredients, Inc.
Alto Ingredients, Inc. (NASDAQ: ALTO) produces and distributes
specialty alcohols, essential ingredients and renewable fuels.
Leveraging the unique qualities of its facilities, the company
serves customers in a wide range of consumer and commercial
products in the Health, Home & Beauty; Food & Beverage;
Industry & Agriculture; Essential Ingredients; and Renewable
Fuels markets. For more information, please
visit www.altoingredients.com.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995 Statements and
information contained in this communication that refer to or
include Alto Ingredients’ estimated or anticipated future results
or other non-historical expressions of fact are forward-looking
statements that reflect Alto Ingredients’ current perspective of
existing trends and information as of the date of the
communication. Forward-looking statements generally will be
accompanied by words such as “anticipate,” “believe,” “plan,”
“could,” “should,” “estimate,” “expect,” “forecast,” “outlook,”
“guidance,” “intend,” “may,” “might,” “will,” “possible,”
“potential,” “predict,” “project,” or other similar words, phrases
or expressions. Such forward-looking statements include, but are
not limited to, statements concerning Alto Ingredients’ projected
outlook and future performance; Alto Ingredients’ repair and
maintenance programs, plant improvements and other capital
projects, including its carbon capture and storage (CCS) project,
and their financing, costs, timing and effects; and Alto
Ingredients’ other plans, objectives, expectations and intentions.
It is important to note that Alto Ingredients’ plans, objectives,
expectations and intentions are not predictions of actual
performance. Actual results may differ materially from Alto
Ingredients’ current expectations depending upon a number of
factors affecting Alto Ingredients’ business and plans. These
factors include, among others adverse economic and market
conditions, including for specialty alcohols, renewable fuels and
essential ingredients ; export conditions and international demand
for the company’s products; fluctuations in the price of and demand
for oil and gasoline; raw material costs, including production
input costs, such as corn and natural gas; adverse impacts of
inflation and supply chain constraints; and the cost, ability to
fund, timing and effects of, including the financial and other
results deriving from, Alto Ingredients’ repair and maintenance
programs, plant improvements and other capital projects, including
CCS, and other business initiatives and strategies. These factors
also include, among others, the inherent uncertainty associated
with financial and other projections and large-scale capital
projects, including CCS; the anticipated size of the markets and
continued demand for Alto Ingredients’ products; the impact of
competitive products and pricing; the risks and uncertainties
normally incident to the alcohol production, marketing and
distribution industries; changes in generally accepted accounting
principles; successful compliance with governmental regulations
applicable to Alto Ingredients’ facilities, products and/or
businesses; changes in laws, regulations and governmental policies,
including with respect to the Inflation Reduction Act’s tax and
other benefits Alto Ingredients expects to derive from CCS; the
loss of key senior management or staff; and other events, factors
and risks previously and from time to time disclosed in Alto
Ingredients’ filings with the Securities and Exchange Commission
including, specifically, those factors set forth in the “Risk
Factors” section contained in Alto Ingredients’ Quarterly Report on
Form 10-Q filed with the Securities and Exchange Commission on
August 8, 2024.
Company IR and Media Contact:
Michael Kramer, Alto Ingredients, Inc., 916-403-2755,
Investorrelations@altoingredients.com
IR Agency Contact: Kirsten
Chapman, LHA Investor Relations, 415-433-3777,
Investorrelations@altoingredients.com
| ALTO
INGREDIENTS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited,
in thousands, except per share data) |
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
| Net
sales |
$ |
251,814 |
|
$ |
318,127 |
|
$ |
728,911 |
|
$ |
949,315 |
|
| Cost of
goods sold |
|
245,854 |
|
|
313,966 |
|
|
717,798 |
|
|
931,137 |
|
| Gross
profit |
|
5,960 |
|
|
4,161 |
|
|
11,113 |
|
|
18,178 |
|
| Selling,
general and administrative expenses |
|
(7,510 |
) |
|
(8,488 |
) |
|
(24,403 |
) |
|
(24,281 |
) |
| Gain on sale
of assets |
|
830 |
|
|
— |
|
|
830 |
|
|
— |
|
| Asset
impairments |
|
— |
|
|
— |
|
|
— |
|
|
(574 |
) |
| Loss from
operations |
|
(720 |
) |
|
(4,327 |
) |
|
(12,460 |
) |
|
(6,677 |
) |
| Interest
expense, net |
|
(1,867 |
) |
|
(2,000 |
) |
|
(5,170 |
) |
|
(5,299 |
) |
| Income from
cash grant |
|
— |
|
|
2,812 |
|
|
— |
|
|
2,812 |
|
| Other
income, net |
|
146 |
|
|
26 |
|
|
358 |
|
|
104 |
|
| Loss before
provision for income taxes |
|
(2,441 |
) |
|
(3,489 |
) |
|
(17,272 |
) |
|
(9,060 |
) |
| Provision
for income taxes |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Net
loss |
$ |
(2,441 |
) |
$ |
(3,489 |
) |
$ |
(17,272 |
) |
$ |
(9,060 |
) |
| Preferred
stock dividends |
$ |
(319 |
) |
$ |
(319 |
) |
$ |
(950 |
) |
$ |
(946 |
) |
| Net loss
available to common stockholders |
$ |
(2,760 |
) |
$ |
(3,808 |
) |
$ |
(18,222 |
) |
$ |
(10,006 |
) |
| Net loss per
share, basic and diluted |
$ |
(0.04 |
) |
$ |
(0.05 |
) |
$ |
(0.25 |
) |
$ |
(0.14 |
) |
|
Weighted-average shares outstanding, basic and diluted |
|
73,835 |
|
|
73,191 |
|
|
73,364 |
|
|
73,464 |
|
| |
| ALTO
INGREDIENTS, INC.CONSOLIDATED BALANCE SHEETS(unaudited, in
thousands, except par value) |
|
ASSETS |
September 30, 2024 |
|
|
December 31, 2023 |
|
Current Assets: |
|
|
|
Cash and cash equivalents |
$ |
33,591 |
|
$ |
30,014 |
|
Restricted cash |
4,903 |
|
|
15,466 |
|
Accounts receivable, net |
52,038 |
|
|
58,729 |
|
Inventories |
48,014 |
|
|
52,611 |
|
Derivative instruments |
36 |
|
|
2,412 |
|
Other current assets |
6,568 |
|
|
9,538 |
|
Total current assets |
145,150 |
|
|
168,770 |
| Property
and equipment, net |
238,892 |
|
|
248,748 |
|
Other Assets: |
|
Right of use operating lease assets, net |
19,283 |
|
|
22,597 |
|
Intangible assets, net |
8,057 |
|
|
8,498 |
|
Other assets |
6,029 |
|
|
5,628 |
|
Total other assets |
33,369 |
|
|
36,723 |
|
Total Assets |
$ |
417,411 |
|
$ |
454,241 |
| |
|
ALTO INGREDIENTS, INC.CONSOLIDATED BALANCE SHEETS
(CONTINUED)(unaudited, in thousands, except par
value) |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
September 30, 2024 |
|
|
December 31, 2023 |
|
| Current
Liabilities: |
|
|
|
|
|
Accounts payable |
$ |
17,205 |
|
$ |
20,752 |
|
|
Accrued liabilities |
|
14,255 |
|
|
20,205 |
|
|
Current portion – operating leases |
|
4,440 |
|
|
4,333 |
|
|
Derivative instruments |
|
3,394 |
|
|
13,849 |
|
|
Other current liabilities |
|
5,808 |
|
|
6,149 |
|
| Total current
liabilities |
|
45,102 |
|
|
65,288 |
|
| |
|
|
| Long-term debt,
net |
|
83,342 |
|
|
82,097 |
|
| Operating leases,
net of current portion |
|
15,740 |
|
|
19,029 |
|
| Other
liabilities |
|
9,302 |
|
|
8,270 |
|
| Total
Liabilities |
|
153,486 |
|
|
174,684 |
|
| |
|
|
|
Stockholders’ Equity: |
|
|
|
Preferred stock, $0.001 par value; 10,000 shares authorized; Series
A: no shares issued and outstanding as of September 30, 2024 and
December 31, 2023 Series B: 927 shares issued and outstanding as of
September 30, 2024 and December 31, 2023 |
|
1 |
|
|
1 |
|
|
Common stock, $0.001 par value; 300,000 shares authorized; 76,625
and 75,703 shares issued and outstanding as of September 30, 2024
and December 31, 2023, respectively |
|
77 |
|
|
76 |
|
|
Non-voting common stock, $0.001 par value; 3,553 shares authorized;
1 share issued and outstanding as of September 30, 2024 and
December 31, 2023 |
|
— |
|
|
— |
|
|
Additional paid-in capital |
|
1,043,501 |
|
|
1,040,912 |
|
|
Accumulated other comprehensive income |
|
2,481 |
|
|
2,481 |
|
|
Accumulated deficit |
|
(782,135 |
) |
|
(763,913 |
) |
|
Total Stockholders’ Equity |
|
263,925 |
|
|
279,557 |
|
| Total
Liabilities and Stockholders’ Equity |
$ |
417,411 |
|
$ |
454,241 |
|
| |
|
Reconciliation of Adjusted EBITDA to Net Loss |
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
|
(in thousands)
(unaudited) |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| Net
loss |
$ |
(2,441 |
) |
$ |
(3,489 |
) |
$ |
(17,272 |
) |
$ |
(9,060 |
) |
|
Adjustments: |
|
|
|
|
|
Interest expense, net |
|
1,867 |
|
|
2,000 |
|
|
5,170 |
|
|
5,299 |
|
|
Interest income |
|
(194 |
) |
|
(179 |
) |
|
(519 |
) |
|
(590 |
) |
|
Unrealized derivative (gains) losses |
|
6,199 |
|
|
8,917 |
|
|
(8,079 |
) |
|
1,517 |
|
|
Acquisition-related expense |
|
675 |
|
|
700 |
|
|
2,025 |
|
|
2,100 |
|
|
Asset impairments |
|
— |
|
|
— |
|
|
— |
|
|
574 |
|
|
Depreciation and amortization expense |
|
6,058 |
|
|
5,647 |
|
|
17,860 |
|
|
17,382 |
|
|
Total adjustments |
|
14,605 |
|
|
17,085 |
|
|
16,457 |
|
|
26,282 |
|
| Adjusted
EBITDA |
$ |
12,164 |
|
$ |
13,596 |
|
$ |
(815 |
) |
$ |
17,222 |
|
| Sales and
Operating Metrics (unaudited) |
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
| Alcohol
Sales (gallons in millions) |
|
|
|
|
| Pekin Campus
renewable fuel gallons sold |
|
31.1 |
|
|
34.4 |
|
|
93.6 |
|
|
104.4 |
| Western
production renewable fuel gallons sold |
|
18.0 |
|
|
22.2 |
|
|
38.2 |
|
|
46.6 |
| Third party
renewable fuel gallons sold |
|
25.2 |
|
|
21.9 |
|
|
89.3 |
|
|
82.4 |
| Total
renewable fuel gallons sold |
|
74.3 |
|
|
78.5 |
|
|
221.1 |
|
|
233.4 |
| Specialty
alcohol gallons sold |
|
22.5 |
|
|
18.6 |
|
|
69.8 |
|
|
56.6 |
| Total
gallons sold |
|
96.8 |
|
|
97.1 |
|
|
290.9 |
|
|
290.0 |
| |
|
|
|
|
| Sales Price
per Gallon |
|
|
|
|
| Pekin
Campus |
$ |
2.02 |
|
$ |
2.48 |
|
$ |
1.96 |
|
$ |
2.46 |
| Western
production |
$ |
2.02 |
|
$ |
2.57 |
|
$ |
1.94 |
|
$ |
2.63 |
| Marketing
and distribution |
$ |
2.17 |
|
$ |
2.69 |
|
$ |
2.01 |
|
$ |
2.62 |
| Total |
$ |
2.06 |
|
$ |
2.56 |
|
$ |
1.97 |
|
$ |
2.53 |
| |
|
|
|
|
| Alcohol
Production (gallons in millions) |
|
|
|
|
| Pekin
Campus |
|
53.4 |
|
|
51.8 |
|
|
157.0 |
|
|
158.1 |
| Western
production |
|
19.2 |
|
|
22.5 |
|
|
37.5 |
|
|
47.3 |
| Total |
|
72.6 |
|
|
74.3 |
|
|
194.5 |
|
|
205.4 |
| |
|
|
|
|
| Corn Cost
per Bushel |
|
|
|
|
| Pekin
Campus |
$ |
4.40 |
|
$ |
6.29 |
|
$ |
4.55 |
|
$ |
6.72 |
| Western
production |
$ |
5.52 |
|
$ |
7.37 |
|
$ |
5.69 |
|
$ |
7.91 |
| Total |
$ |
4.68 |
|
$ |
6.60 |
|
$ |
4.76 |
|
$ |
6.98 |
| |
|
|
|
|
| Sales and
Operating Metrics (unaudited) |
| |
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
| |
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
| Average Market Metrics |
|
|
|
|
| PLATTS Ethanol price per
gallon |
$ |
1.81 |
|
|
$ |
2.29 |
|
|
$ |
1.72 |
|
|
$ |
2.32 |
| CME Corn cost per bushel |
$ |
3.92 |
|
|
$ |
4.98 |
|
|
$ |
4.23 |
|
|
$ |
5.94 |
| Board corn crush per gallons
(1) |
$ |
0.41 |
|
|
$ |
0.51 |
|
|
$ |
0.21 |
|
|
$ |
0.20 |
| |
|
|
|
|
| Essential Ingredients Sold
(thousand tons) |
|
|
|
|
| Pekin Campus: |
|
|
|
|
| Distillers grains |
|
83.7 |
|
|
|
85.3 |
|
|
|
251.1 |
|
|
|
252.5 |
| CO2 |
|
53.5 |
|
|
|
48.9 |
|
|
|
135.9 |
|
|
|
139.0 |
| Corn wet feed |
|
30.0 |
|
|
|
28.3 |
|
|
|
80.4 |
|
|
|
70.0 |
| Corn dry feed |
|
26.5 |
|
|
|
22.1 |
|
|
|
65.2 |
|
|
|
67.3 |
| Corn oil and germ |
|
18.8 |
|
|
|
17.8 |
|
|
|
54.1 |
|
|
|
55.6 |
| Syrup and other |
|
8.0 |
|
|
|
9.2 |
|
|
|
28.6 |
|
|
|
28.5 |
| Corn meal |
|
9.8 |
|
|
|
8.2 |
|
|
|
26.1 |
|
|
|
27.8 |
| Yeast |
|
6.3 |
|
|
|
6.4 |
|
|
|
17.8 |
|
|
|
19.7 |
| Total Pekin Campus essential
ingredients sold |
|
236.6 |
|
|
|
226.2 |
|
|
|
659.2 |
|
|
|
660.4 |
| |
|
|
|
|
| Western production: |
|
|
|
|
| Distillers grains |
|
116.6 |
|
|
|
144.6 |
|
|
|
250.2 |
|
|
|
307.7 |
| CO2 |
|
14.7 |
|
|
|
14.9 |
|
|
|
43.1 |
|
|
|
41.7 |
| Syrup and other |
|
21.4 |
|
|
|
35.2 |
|
|
|
37.6 |
|
|
|
71.6 |
| Corn oil |
|
2.1 |
|
|
|
2.3 |
|
|
|
4.5 |
|
|
|
5.2 |
| Total Western production
essential ingredients sold |
|
154.8 |
|
|
|
197.0 |
|
|
|
335.4 |
|
|
|
426.2 |
| |
|
|
|
|
| Total Essential Ingredients
Sold |
|
391.4 |
|
|
|
423.2 |
|
|
|
994.6 |
|
|
|
1,086.6 |
| |
|
|
|
|
| |
|
|
|
|
| Essential ingredients return %
(2) |
|
|
|
|
|
|
Pekin Campus return |
|
49.0% |
|
|
|
44.8% |
|
|
|
49.7% |
|
|
|
44.1% |
|
| Western production return |
|
28.6% |
|
|
|
31.3% |
|
|
|
33.0% |
|
|
|
32.3% |
|
| Consolidated total return |
|
42.8% |
|
|
|
40.4% |
|
|
|
46.0% |
|
|
|
41.2% |
|
| |
|
|
|
|
|
|
(1) |
|
Assumes corn conversion of 2.80 gallons of alcohol per bushel of
corn. |
|
(2) |
|
Essential ingredients revenues as a percentage of total corn costs
consumed. |
| Segment
Financials (unaudited, in thousands) |
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
| |
2024 |
|
2023 |
|
|
2024 |
|
2023 |
| Net
Sales |
|
|
|
|
|
|
|
|
| Pekin
Campus, recorded as gross: |
|
|
|
|
|
|
|
|
|
Alcohol sales |
$ |
106,459 |
|
$ |
128,554 |
|
|
$ |
315,494 |
|
$ |
388,629 |
|
Essential ingredient sales |
41,217 |
|
51,634 |
|
|
127,297 |
|
169,220 |
|
Intersegment sales |
321 |
|
363 |
|
|
927 |
|
1,120 |
|
Total Pekin Campus sales |
147,997 |
|
180,551 |
|
|
443,718 |
|
558,969 |
| |
|
|
|
|
|
|
|
|
| Marketing
and distribution: |
|
|
|
|
|
|
|
|
|
Alcohol sales, gross |
$ |
54,531 |
|
$ |
58,805 |
|
|
$ |
179,118 |
|
$ |
215,741 |
|
Alcohol sales, net |
71 |
|
74 |
|
|
169 |
|
292 |
|
Intersegment sales |
2,862 |
|
3,392 |
|
|
8,002 |
|
8,734 |
|
Total marketing and distribution sales |
57,464 |
|
62,271 |
|
|
187,289 |
|
224,767 |
| |
|
|
|
|
|
|
|
|
| Western
production, recorded as gross: |
|
|
|
|
|
|
|
|
|
Alcohol sales |
$ |
36,395 |
|
$ |
57,159 |
|
|
$ |
74,084 |
|
$ |
122,477 |
|
Essential ingredient sales |
10,408 |
|
17,841 |
|
|
24,184 |
|
40,614 |
|
Intersegment sales |
8 |
|
37 |
|
|
(122) |
|
99 |
|
Total Western production sales |
46,811 |
|
75,037 |
|
|
98,146 |
|
163,190 |
| |
|
|
|
|
|
|
|
|
| Corporate
and other |
2,733 |
|
4,060 |
|
|
8,565 |
|
12,342 |
| Intersegment
eliminations |
(3,191) |
|
(3,792) |
|
|
(8,807) |
|
(9,953) |
| Net sales as
reported |
$ |
251,814 |
|
$ |
318,127 |
|
|
$ |
728,911 |
|
$ |
949,315 |
| |
|
|
|
|
|
|
|
|
| Cost
of goods sold: |
|
|
|
|
|
|
|
|
| Pekin
Campus |
$ |
141,823 |
|
$ |
179,995 |
|
|
$ |
423,135 |
|
$ |
546,591 |
| Marketing
and distribution |
53,553 |
|
58,051 |
|
|
176,676 |
|
212,923 |
| Western
production |
49,079 |
|
73,584 |
|
|
112,762 |
|
165,401 |
| Corporate
and other |
2,952 |
|
3,538 |
|
|
8,690 |
|
9,322 |
| Intersegment
eliminations |
(1,553) |
|
(1,202) |
|
|
(3,465) |
|
(3,100) |
| Cost of
goods sold as reported |
$ |
245,854 |
|
$ |
313,966 |
|
|
$ |
717,798 |
|
$ |
931,137 |
| |
|
|
|
|
|
|
|
|
|
Gross profit (loss): |
|
|
|
|
|
|
|
|
| Pekin
Campus |
$ |
6,174 |
|
$ |
556 |
|
|
$ |
20,583 |
|
$ |
12,378 |
| Marketing
and distribution |
3,911 |
|
4,220 |
|
|
10,613 |
|
11,844 |
| Western
production |
(2,268) |
|
1,453 |
|
|
(14,616) |
|
(2,211) |
| Corporate
and other |
(219) |
|
522 |
|
|
(125) |
|
3,020 |
| Intersegment
eliminations |
(1,638) |
|
(2,590) |
|
|
(5,342) |
|
(6,853) |
| Gross profit
(loss) as reported |
$ |
5,960 |
|
$ |
4,161 |
|
|
$ |
11,113 |
|
$ |
18,178 |
Alto Ingredients (NASDAQ:ALTO)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Alto Ingredients (NASDAQ:ALTO)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
