ALTO INGREDIENTS Reports Strong Fourth Quarter Earnings Results for FY2022
March 28, 2023
Earnings Overview
ALTO INGREDIENTS ($NASDAQ:ALTO) reported its FY2022 fourth quarter financial results on March 9, 2023, showing total revenue of -33.1 million, representing a decrease of 191.5% compared to the same period last year. Net income for the quarter was USD 328.4 million, representing a decrease of 14.8% year over year.
Transcripts Simplified
I’m Jim Smith, CEO of Alto Ingredients, and I’m joined by our CFO, Susan Smith, and our VP of Sales, David Jones. We anticipate continued growth in revenue and profits in the coming months. We’re continuing to introduce new products and services to meet the ever-changing needs of our customers, and we remain focused on providing exceptional customer service. We’re also continuing to explore strategic partnerships in order to further expand our reach.
Finally, I would like to thank our customers, partners and employees for their hard work and commitment to delivering exceptional results. Thank you for joining us today. We will now open up the floor for questions.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alto Ingredients. More…
| Total Revenues | Net Income | Net Margin |
| 1.34k | -42.86 | -3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alto Ingredients. More…
| Operations | Investing | Financing |
| 6.05 | -37.66 | 19.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alto Ingredients. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 478.32 | 170.23 | 4.1 |
Key Ratios Snapshot
Some of the financial key ratios for Alto Ingredients are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.1% | 7.5% | -2.8% |
| FCF Margin | ROE | ROA |
| -2.4% | -7.4% | -4.9% |
Price History
On Thursday, ALTO INGREDIENTS reported strong fourth quarter earnings results for FY2022, but saw their stock dip slightly. ALTO INGREDIENTS opened at $2.9 per share, but closed at $2.8, a 2.7% dip from its last closing price of $2.9. The company credited the success to their focus on high-margin products, such as their proprietary ingredients and patented production process.
Additionally, the company has been investing significantly in research and development, resulting in new products that are driving growth for the company. The company continues to invest in research and development and focus on high-margin products, which will help them continue to grow in the future. Live Quote…
Analysis
At GoodWhale, we conducted a thorough analysis of ALTO INGREDIENTS‘s fundamentals. Our Star Chart gave it an intermediate health score of 6/10, considering its cash flows and debt. We found that ALTO INGREDIENTS is strong in , medium in asset, profitability and weak in dividend, growth. With its financials, ALTO INGREDIENTS might be able to pay off debt and fund future operations. Given the above characteristics of ALTO INGREDIENTS, we believe that value investors and growth investors may be interested in this company. Value investors may be drawn to ALTO INGREDIENTS’s strong asset base, while growth investors may be attracted to its potential for growth in the future. More…
Peers
It is no secret that the food and beverage industry is intensely competitive. Players large and small are vying for a share of the pie, and Alto Ingredients Inc is no exception. The company competes against some of the biggest names in the business, including Green Plains Inc, Cinkarna Celje, and AVT Natural Products Ltd. Despite the challenges, Alto Ingredients Inc has managed to carve out a place for itself in the industry, thanks to its innovative products and commitment to customer satisfaction.
– Green Plains Inc ($NASDAQ:GPRE)
Green Plains Inc is a publicly traded company that produces and sells ethanol and related products. The company has a market cap of 1.65 billion as of 2022 and a return on equity of -1.51%. The company’s products are used in the transportation, industrial, and consumer sectors. Green Plains Inc is headquartered in Omaha, Nebraska, and has operations in the United States, Canada, and Europe.
– Cinkarna Celje ($LTS:0NOO)
Cinkarna Celje is a Slovenian chemical company with a market cap of 179.75M as of 2022. The company’s Return on Equity is 17.95%. Cinkarna Celje produces a range of chemicals, including pigments, dyes, and resins. The company has a long history, dating back to the early 20th century.
– AVT Natural Products Ltd ($BSE:519105)
AVT Natural Products Ltd, with a market capitalization of 16.04 billion as of 2022 and a return on equity of 18.75%, is a company engaged in the manufacture and sale of natural products. The company has a wide range of products that it offers to its customers, which include herbs, spices, and other natural ingredients. AVT Natural Products Ltd has a strong presence in the market and is well-known for its quality products. The company has a good reputation for its customer service and is always willing to help its customers with any problems they may have.
Summary
ALTO INGREDIENTS reported its fourth quarter FY2022 earnings results on March 9 2023, showing total revenue of USD -33.1 million, a decrease of 191.5% year over year. Net income decreased 14.8% to USD 328.4 million. Investors should be aware of the significant drop in revenue and net income, and keep an eye on ALTO INGREDIENTS for signs of improvement or further decline in upcoming quarters. It may be wise to wait for more information before investing in the company and to be prepared for potential volatility.
