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. has announced the sale of approximately 10,702 acres of Alico Ranch to the State of Florida for $28.5 million as part of the Florida Forever program. This sale is the second transaction between Alico and the State, totaling over 16,000 acres. The proceeds from this sale will be evaluated for strategic acquisitions, a potential increase in common share dividends, or land acquisitions. However, Alico has decided to halt its permit approval activities for the Alico Northern Everglades project due to the sale, yet remains committed to preserving Florida’s water resources.
FORT MYERS, Fla., Sept. 01, 2020 – Alico, Inc. (Nasdaq: ALCO) announced that its President and CEO, John Kiernan, will participate in one-on-one meetings during the Citi Virtual Growth Conference on September 18, 2020. Investors interested in scheduling a meeting should contact their Citi sales representative. Alico operates two main divisions: Alico Citrus, a major citrus producer, and Alico Water Resources, which focuses on water storage and environmental services.
Alico, Inc. (Nasdaq: ALCO) reported financial results for Q3 and the nine months ending June 30, 2020. Net income was $6.5 million, down 69.7% year-over-year, with earnings of $0.86 per diluted share. The decline was due to lower citrus prices and reduced box production. Alico has secured long-term Citrus supply agreements, providing better pricing through 2024. The company is projecting net income of $22-24 million and EBITDA of $49.5-52.5 million for fiscal 2020. Operationally, COVID-19 did not adversely affect business, and the recent appointment of new Board members aims to enhance strategic growth.
Alico, Inc. (Nasdaq: ALCO) has appointed two new members, Kate English and Adam Putnam, to its Board of Directors. English will join the Compensation Committee and Nominating and Governance Committee, while Putnam will serve on the Audit Committee and Nominating and Governance Committee. This expansion increases the board to nine members. Both appointees bring significant agricultural and land expertise, enhancing Alico's strategic leadership. Alico operates primarily in citrus production and water resources, aiming to drive profitability and shareholder value.
Alico, Inc. (Nasdaq: ALCO) announced today that CEO John Kiernan will participate in one-on-one meetings at the Oppenheimer 20th Annual Consumer Growth and E-Commerce Conference, scheduled for June 16-17, 2020. The conference will be held virtually, and interested parties can schedule meetings through Oppenheimer sales representatives. Alico is recognized for its dual operations: Alico Citrus, a major citrus producer, and Alico Water Resources, focusing on water storage and environmental services. For further details, visit www.alicoinc.com.
Alico, Inc. (Nasdaq: ALCO) has secured approval from the State of Florida for an option agreement allowing the State to purchase approximately 10,684 acres of Alico Ranch for $28.5 million under the Florida Forever program. This move aims to enhance conservation efforts, particularly for the Florida Panther and the Caloosahatchee River. The State's potential purchase is linked to Alico's dispersed water storage project, prompting Alico to suspend permit activities for this initiative temporarily. Alico remains committed to conservation and sustainable land management.
Alico, Inc. (Nasdaq: ALCO) announced on May 21, 2020, that it has secured two new supply agreements with its largest customer, effective from October 1, 2020, to July 31, 2024. These agreements replace an existing contract expiring in September 2020. Alico’s President, John Kiernan, highlighted the commitment to address challenges in the Florida citrus industry with these contracts, which will involve increasing pricing provisions over the next seasons. Alico operates in citrus production and water resource management.
Alico, Inc. (Nasdaq: ALCO) announced that its President and CEO, John Kiernan, along with Senior VP and CFO, Richard Rallo, will be presenting at the 15th Annual BMO Farm to Market Conference. The presentation is scheduled for 3:20 PM Eastern time on May 13, 2020. Investors can access the live broadcast via the Investor Relations section of the company’s website, with a replay available for 90 days post-event. Alico operates two key divisions: Alico Citrus, a major citrus producer, and Alico Water Resources, focusing on environmental services.