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Alico, Inc. - $ALCO STOCK NEWS

Welcome to our dedicated page for Alico news (Ticker: $ALCO), a resource for investors and traders seeking the latest updates and insights on Alico stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alico's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alico's position in the market.

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Alico has appointed Mitch Hutchcraft as Executive Vice President of Real Estate, effective May 28, 2024. The company, which owns approximately 54,500 acres of real estate across seven Florida counties, is committed to its citrus operations while also exploring the highest and best use of its land. Hutchcraft, previously with King Ranch, brings over 30 years of experience in land acquisition, entitlement, and strategic planning. His notable projects include Kingston, a 6,600-acre development. Alico's CEO, John Kiernan, praised Hutchcraft's ability to lead in optimizing the company's real estate portfolio.

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Alico, Inc. announces financial results for the second quarter and six months ended March 31, 2024, with revenues of $32.1 million. Net income of $27.1 million and EBITDA of $47.3 million. An inventory write-down of $17.7 million due to lower box production. Oxytetracycline treatment increases yield. Negotiating new citrus supply agreements. Sale of underperforming land for $7.0 million. Strong balance sheet with $95.0 million available credit.

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Alico, Inc. will announce its second-quarter 2024 financial results on May 6, 2024, followed by a conference call on May 7, 2024. The Company will discuss its financial performance and provide insights for shareholders and investors.
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Alico, Inc. announces CEO John Kiernan's participation in the 36th Annual Roth Conference. The event will feature meetings with executives from various sectors including Consumer, Technology, Healthcare, and Energy.
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Alico, Inc. reports net income of $42.9 million and EBITDA of $63.8 million for the first fiscal quarter ended December 31, 2023. The Company sold 17,229 acres of Alico Ranch for $77.6 million. Adjusted EBITDA was $(2.3) million due to lower box production from the impact of Hurricane Ian. The Company maintained a strong balance sheet with a working capital ratio of 2.52 to 1.00. Citrus production increased by 30.1%, but fruit production was adversely impacted by Hurricane Ian. The Company signed new farming leases, but operating expenses increased due to higher property taxes. Alico's CEO highlighted the reduction in total debt by $44 million and net debt by almost $62 million, representing a decrease of 34% and 48% respectively. The Company paid a first quarter cash dividend of $0.05 per share on its outstanding common stock.
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Alico, Inc. will release financial results for the first quarter ended December 31, 2023, on February 7, 2024, after the market close. The company will host a conference call on February 8, 2024, to discuss its financial results. Interested parties can join the call by dialing the provided numbers. A telephone replay will be available for a limited time after the call concludes.
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Alico, Inc. (NASDAQ: ALCO) will be participating in The Microcap Conference at Caesars Atlantic City Hotel & Casino. President and CEO John Kiernan will be presenting on January 31 & February 1, 2024. Interested parties can register to attend the conference and schedule one-on-one meetings with the management team.
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Alico, Inc. announced that its CEO will present at the Sidoti January Virtual Investor Conference on January 17th and 18th, 2024. The presentation will be live at 8:15AM EST on January 17th and can be accessed for free. One-on-one meetings with investors will also be held virtually. Registration is open to all and can be done at www.sidoti.com/events.
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Alico, Inc. (NASDAQ: ALCO) CEO John Kiernan to attend 26th ICR Conference in Orlando, Florida
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Alico, Inc. (Nasdaq: ALCO) reports financial results for Q4 and fiscal year 2023, with net income of $1.8 million and EBITDA of $23.0 million. The company sold 2,255 acres for $12.0 million and had $70.0 million of undrawn credit available as of September 30, 2023. However, adjusted net loss was $(24.5) million and adjusted EBITDA was $(16.1) million for the year. The citrus division saw a 51.5% decrease in harvested fruit production, but the company anticipates market prices for the upcoming harvest season to be consistent or slightly above. Land Management and Other Operations Division income decreased by $0.5 million. The company is recovering from the impact of Hurricane Ian and is confident in its crop recovery for the 2023-24 season.
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Alico, Inc.

Nasdaq:ALCO

ALCO Rankings

ALCO Stock Data

192.28M
5.41M
30.81%
53.15%
3.17%
Citrus (except Orange) Groves
Agriculture, Forestry, Fishing and Hunting
Link
United States of America
FT. MYERS,

About ALCO

alico is a florida-based agribusiness and land management company built for today’s world, known for its achievement and innovation in citrus, sugarcane, cattle, and resource conservation.