Alto Ingredients, Inc. Reports Fourth Quarter and Year-end 2023 Results
PEKIN, Ill., March 11, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a producer and distributor of renewable fuel and essential ingredients and the largest producer of specialty alcohols in the U.S., reported its financial results for the quarter and year ended December 31, 2023. For the fourth quarter of 2023, gross loss improved $18.8 million and Adjusted EBITDA improved $19.0 million over the fourth quarter of 2022. For the full year 2023, gross profit improved $43.2 million and Adjusted EBITDA improved $26.5 million over 2022.
- For the fourth quarter of 2023, gross loss improved $18.8 million and Adjusted EBITDA improved $19.0 million over the fourth quarter of 2022.
- For the full year 2023, gross profit improved $43.2 million and Adjusted EBITDA improved $26.5 million over 2022.
- Financial Results for the Three Months Ended December 31, 2023 Compared to 2022
Net sales were $273.6 million, compared to $328.4 million. - Financial Results for the Year Ended December 31, 2023 Compared to 2022
Net sales were $1,222.9 million, compared to $1,335.6 million.