Earnings Call Summary | Alto Ingredients(ALTO.US) Q2 2024 Earnings Conference
Earnings Call Summary | Alto Ingredients(ALTO.US) Q2 2024 Earnings Conference
The company experienced a consolidated net loss of $3.1 million in Q2 2024 versus a net income of $7.6 million in Q2 2023.The following is a summary of the Alto Ingredients, Inc. (ALTO) Q2 2024 Earnings Call Transcript:
以下是Alto Ingredients，Inc.(ALTO) 2024年Q2業績會議要點摘要：
Financial Performance:
金融業績：
Alto Ingredients reported Q2 2024 net sales of $236 million, down from $317 million in Q2 2023, mainly due to lower market prices.
Gross profit for Q2 2024 was $7.6 million, a decrease from Q2 2023, but an improvement over Q1 2024.
The company experienced a consolidated net loss of $3.1 million in Q2 2024 versus a net income of $7.6 million in Q2 2023.
Adjusted EBITDA for Q2 2024 was negative $5.9 million, including costs related to mill outage and losses on derivatives.
Alto Ingredients報告2024年第二季度淨銷售額爲2.36億美元，相比Q2 2023年的3.17億美元有所下降，這主要是由於市場價格下降。
2024年第二季度的毛利潤爲760萬美元，相比於Q2 2023年有所下降，但相比2024年第一季度有所改善。
該公司2024年第二季度的淨虧損爲310萬美元，而在Q2 2023年則是淨利潤760萬美元。
2024年第二季度調整後的EBITDA爲負590萬美元，包括與工廠停機和衍生品虧損相關的成本。
Business Progress:
業務進展：
Alto Ingredients is strategically enhancing its production capacity and efficiency, notably through the addition of a second loading dock at the Pekin campus that is expected to reduce transportation costs substantially.
They continue to embrace sustainability with their ICP and Pekin plants receiving a 2024 Bronze Medal sustainability rating from EcoVadis.
They restarted operations at the Magic Valley plant with adjustments improving operational capacity utilization and product quality.
Alto Ingredients正在戰略性地增強其生產能力和效率，特別是通過在Pekin校園添加第二個裝載碼頭，預計能大大降低運輸成本。
他們繼續推崇可持續性，他們的ICP和Pekin工廠從EcoVadis獲得2024年銅獎可持續性評級。
他們調整了操作參數，提高了操作容量利用率和產品質量，在Magic Valley工廠重新啓動了運營。
Opportunities:
機會：
The company's operations now include a focus on carbon capture and storage (CCS) projects, and recent legislative developments like the SAFE CCS Act are expected to shape their compliance and operational actions moving forward.
該公司的業務現在包括聚焦於碳捕集和儲藏（CCS）項目，最近的立法進展，如安全CCS法案，預計將塑造他們的合規和操作行動。
Risks:
風險：
Increased production costs due to biannual wet mill outages and maintenance activities, coupled with lower feed and carbon prices, specifically impacted their financial results in Q2.
The fluctuating costs and uncertain revenue projections related to the carbon capture and storage (CCS) projects, due to dynamic market conditions and new regulatory requirements, pose a potential risk.
由於半年一次的潮溼磨機停機和維護活動，加上飼料和炭價格下跌，這在Q2中對財務業績產生了影響。
與動態市場條件和新的監管要求有關的碳捕集和儲存（CCS）項目的波動成本和不確定的收入預測可能構成潛在風險。
More details: Alto Ingredients IR
更多詳情：Alto Ingredients IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章內容的準確性無法完全保證。有關更全面的詳細信息，請參閱IR網站。本文只是爲投資者提供參考，沒有任何指導或推薦建議。
