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Sep 30, 2024
Alto Ingredients Q3 2024 Earnings Report
Alto Ingredients reported Q3 2024 results, showing increased production capabilities at the Pekin campus and improved gross profit despite market fluctuations.
Key Takeaways
Alto Ingredients reported improved production capabilities at its Pekin campus, leading to increased specialty alcohol sales and a 40% year-over-year increase in consolidated gross profit. The company also entered into a CO2 Transportation and Sequestration Agreement with Vault 44.01, marking a step toward sustainability.
Increased production capabilities and uptime at the Pekin campus compared to the prior year quarter.
Specialty alcohol sales increased by 4 million gallons compared to last year.
Consolidated gross profit improved over 40% year-over-year to $6.0 million.
Entered into a CO2 Transportation and Sequestration Agreement with Vault 44.01 for carbon emissions from the Pekin campus.
Forward Guidance
Alto Ingredients is managing through current market dynamics and positioning the company to leverage opportunities and lower its carbon footprint with the CO2 Transportation and Sequestration Agreement.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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