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.
Alico Inc. (NASDAQ: ALCO) is a Florida-based agribusiness and land management company that has reported a strategic shift from traditional citrus production to operating as a diversified land company. The Alico news stream highlights this transformation, covering announcements on land sales, agricultural leasing, development projects and capital structure decisions that shape the company’s long-term direction.
Recent news releases describe Alico’s progress in monetizing selected groves, entering new lease agreements and increasing utilization of its farmable acreage. The company reports that its land management programs now involve fee-based or revenue-sharing arrangements with citrus growers, cattle operators, mining operators, sugarcane producers and sod farming and leasing partners. These updates provide insight into how Alico is using its land portfolio to generate diversified revenue while reducing operational complexity.
News items also focus on Alico’s strategic land development initiatives, particularly the Corkscrew Grove Villages concept in eastern Collier County. Articles discuss entitlement efforts, the creation of the Corkscrew Grove Stewardship District, and a partnership with the Florida Department of Transportation to design and construct a wildlife underpass associated with a planned wildlife corridor. In addition, the news flow includes earnings announcements, conference presentations, credit agreement amendments and board-level actions such as share repurchase authorizations.
Investors and observers who follow Alico’s news can track how management executes its Strategic Transformation, manages its balance sheet and advances development and conservation projects. This page aggregates company-issued updates and related coverage so readers can review the evolution of Alico’s diversified land and agribusiness strategy over time.
Alico, Inc. (Nasdaq: ALCO) announces the upcoming release of its third-quarter financial results for the period ending June 30, 2021. The results will be disclosed on August 5, 2021, before the market opens. A conference call will follow at 8:30 AM EDT to discuss the results, with dial-in options provided for both domestic and international participants. A live webcast will also be available on the company’s investor relations website. This quarter highlights Alico's ongoing role as a major player in the citrus industry.
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Alico, Inc. (Nasdaq: ALCO) announced that President and CEO John Kiernan, along with CFO Richard Rallo, will present at the Sidoti Small Cap Investor Conference on June 23-24, 2021. Their presentation is scheduled for 10:45 am ET on June 23. The event will be held virtually, and Alico will also conduct one-on-one and small group meetings. A live broadcast of the presentation will be accessible through the Investor Relations section of Alico's website.
Alico operates primarily in citrus production and land management.
Alico, Inc. (Nasdaq: ALCO) will be participating in the Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference on June 15-16, 2021. President and CEO John Kiernan and CFO Richard Rallo will engage in one-on-one and small group meetings at the virtual event. Interested parties are encouraged to contact Oppenheimer's sales representatives for scheduling. Alico operates in two main divisions: Alico Citrus, a leading citrus producer, and Land Management, which includes leasing and support operations.
Alico, Inc. (Nasdaq: ALCO) announced that its President and CEO, John Kiernan, and CFO, Richard Rallo, will present at the 16th Annual BMO Farm to Market Conference. The presentation is set for 1:40 pm ET on May 20, 2021. In addition to the presentation, Alico will engage in virtual one-on-one and small group meetings. Investors can access a live broadcast of the presentation via the company’s Investor Relations website, with a replay available for 90 days.
Alico primarily operates in citrus production and land management.
Alico, Inc. (Nasdaq: ALCO) reported strong financial results for the second quarter of fiscal 2021, achieving net income of $8.7 million, or $1.16 per diluted share, up 99.7% year-over-year. The increase was driven by higher revenue from increased prices per pound solids. However, production and average pound solids per box declined significantly. The company modified its debt with Metlife, reducing service costs by $5-$6 million annually. Notable sales include 5,734 acres to Florida for $14.4 million, with ongoing negotiations for an additional 15,000 acres. Updated guidance projects net income between $33 million and $38.5 million.
Alico, Inc. (Nasdaq: ALCO) announced enhancements to generate greater shareholder returns. The Alico 2.0 Modernization Program has optimized operations, reducing G&A costs by 19% and planting 1.5 million trees, expected to boost production. Debt modifications decreased interest rates from 4.15% to 3.85%, lowering annual debt service to $5-$6 million. Alico's quarterly dividend has tripled to $0.18, with plans for further increases. The company targets average annual Adjusted EBITDA of $35-$45 million from fiscal 2024 onwards.
Alico, Inc. (Nasdaq: ALCO) will release its second quarter financial results for the period ending March 31, 2021, on May 5, 2021, prior to market opening. A conference call is scheduled for the same day at 8:30 AM EDT to discuss these results. Interested listeners can join via phone or through a live webcast available on the company's Investor Relations website. A replay will be accessible until May 19, 2021.
Alico, Inc. (Nasdaq: ALCO) has announced the sale of approximately 5,734 acres of Alico Ranch to the State of Florida for $14.4 million under the Florida Forever program. This marks the third sale to the state in three years, totaling over 22,000 acres. Alico plans to use the proceeds to prepay a portion of its fixed-rate debt. The company remains optimistic about future sales of other parcels and aims to increase shareholder value through dividends and debt reduction, among other strategies.
Alico, a leading citrus producer, announced participation in the 33rd Annual ROTH Conference, occurring virtually from March 15-17, 2021. CEO John Kiernan and CFO Richard Rallo will engage in one-on-one and small group meetings on March 15 and 16. Interested parties can schedule meetings through their ROTH sales representative. Alico operates in two divisions: Alico Citrus and Land Management, providing environmental services and land leasing.
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