Tranche Update on Alto Ingredients, Inc.'s Equity Buyback Plan announced on September 12, 2022.
March 14, 2024 at 06:20 am
Share
From October 1, 2023 to December 31, 2023, the company has repurchased 436,000 shares, representing 0.57% for $0.99 million. With this, the company has completed the repurchase of 2,036,000 shares, representing 2.7% for $5 million under the buyback announced on September 12, 2022.
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. 
