Alto Ingredients, Inc. (NASDAQ:ALTO) Q4 2023 Earnings Conference Call March 11, 2024 5:00 PM ET

Company Participants

Kirsten Chapman - MD, LHA Investor Relations

Bryon McGregor - President and CEO

Rob Olander - CFO

Conference Call Participants

Amit Dayal - H.C. Wainwright

Eric Stine - Craig-Hallum

Justin Dopierala - DOMO Capital Management

Operator

Good afternoon, and welcome to the Alto Ingredients Fourth Quarter and Year-End 2023 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Kirsten Chapman, LHA Investor Relations, a division of Alliance Advisors. Please go ahead.

Kirsten Chapman

Thank you, Gary, and thank you all for joining us today for the Alto Ingredients fourth quarter and year-end 2023 results conference call. On the call today are President and CEO, Bryon McGregor; and CFO, Rob Olander. Alto Ingredients issued a press release after the market closed today, providing details of the company's financial results. The company has also prepared a presentation for today's call that is available on the company's website at altoingredients.com.

A telephone replay of today's call will be available through March 18, the details which are included in today's press release. A webcast replay will also be available at Alto Ingredients website. Please note that the information on this call speaks only as of today, March 11. You are advised that time-sensitive information may no longer be accurate at the time of any replay.

Please refer to the company's Safe Harbor statement on Slide 2 of the presentation available online, which states that some of the comments in this presentation constitute forward-looking statements and considerations that involve risks and uncertainties. The actual future results of Alto Ingredients could differ materially from those statements. Factors that could cause or contribute to such differences include, but are not limited to, events, risks and other factors previously and from time to time disclosed in Alto Ingredients' filings with the SEC. Except as required by applicable law, the company assumes no obligation to update any forward-looking statements.

In management's prepared remarks, non-GAAP measures will be referenced. Management uses these non-GAAP measures to monitor the final performance of operations and believes these measures will assist investors in assessing the company's performance for the periods reported.

The company defines adjusted EBITDA as unaudited consolidated net income or loss before interest expense, interest income, provision for income taxes, asset impairments, loss on extinguishment of debt, unrealized derivative gains and losses acquisition-related expenses and depreciation and amortization. To support the company's review of non-GAAP information a reconciling table was included in today's press release.