Alto Ingredients, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 12, 2021 at 04:20 pm EDT
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Alto Ingredients, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 218.734 million compared to USD 311.404 million a year ago. Operating income was USD 5.623 million compared to operating loss of USD 23.102 million a year ago. Net income was USD 4.678 million compared to net loss of USD 25.100 million a year ago.
Alto Ingredients, Inc. produces and distributes renewable fuel and essential ingredients and is a producer of specialty alcohols in the United States. The Company's segments include Pekin Campus production, marketing and distribution and Western production. Pekin Campus production segment includes the production and sale of alcohols and essential ingredients produced at the Companyâs Pekin, Illinois campus. Its marketing and distribution segment includes marketing and merchant trading for Company-produced alcohols and essential ingredients on an aggregated basis, and sales of fuel-grade ethanol sourced from third parties. Western production segment includes the production and sale of fuel-grade ethanol and essential ingredients produced the Companyâs two western production facilities. It produces specialty alcohols, fuel-grade ethanol and essential ingredients, focusing on various markets, such as health, home and beauty; food and beverage; essential ingredients, and renewable fuels.
ALTO INGREDIENTS, INC. 
