Alico (ALCO) Stock News

Alico (Nasdaq: ALCO) announces the signing of House Bill 4041 by Governor Ron DeSantis, establishing the Corkscrew Grove Stewardship District in eastern Collier County. This independent special district will oversee infrastructure development for the previously announced Corkscrew Grove Villages, a master-planned community spanning 4,600 acres.

The development plan includes two 1,500-acre villages and over 6,000 acres of permanent conservation area. The project's East Village is currently seeking approval, with construction potentially starting in 2028 or 2029. The district will be managed by a five-member Board of Supervisors and will collaborate with local authorities, including the Immokalee Water and Sewer District.

Alico (NASDAQ: ALCO) has announced its participation in the upcoming Sidoti Small Cap Virtual Conference scheduled for June 11-12, 2025. The company's President and CEO, John Kiernan, will deliver a presentation on June 11th at 12:15 PM ET and will be available for one-on-one meetings with investors throughout both days of the conference. Interested investors can register for the presentation and individual meetings through the Sidoti events website.

Alico Inc (NASDAQ: ALCO) reported financial results for Q2 2025, announcing a strategic transformation to become a diversified land company. The company is winding down its citrus operations after completing the FY2025 harvest in April, citing economic unviability. Key financial highlights include: net loss of $111.4 million in Q2, largely due to $119.3 million in accelerated depreciation on citrus trees. The company raised its land sales outlook to potentially exceed $50 million for FY2025 and maintains a strong liquidity position with $14.7 million in cash and $88.5 million in available credit. Alico projects a $25 million cash balance and $60 million net debt by fiscal year-end. The company also announced the development of Corkscrew Grove Villages, featuring two 1,500-acre villages with approximately 9,000 homes and 560,000 square feet of commercial space.

Alico (NASDAQ: ALCO) has announced that its President and CEO, John Kiernan, will be participating in the BMO Global Farm to Market Conference. The event is scheduled to take place on May 14-15, 2025 in New York City, where Kiernan will conduct one-on-one meetings with investors.

Alico has scheduled the release of its second quarter 2025 financial results for Tuesday, May 13, 2025, after market close. The company will follow up with a conference call on Wednesday, May 14, 2025, at 8:30 am Eastern Time.

Investors and interested parties can join the conference call through two dial-in options:

• United States: 1-800-343-4136
• International: 1-203-518-9843

The participant identification for the call is ALICO. A replay of the call will be available approximately three hours after conclusion, accessible until May 28, 2025, via:

• US Replay: 1-844-512-2921
• International Replay: 1-412-317-6671
• Replay Passcode: 11158744

Alico (Nasdaq: ALCO) has announced its participation in the upcoming Planet Microcap Showcase: VEGAS 2025, scheduled for April 22-24, 2025, in Las Vegas. John Kiernan, the Company's President and CEO, will deliver a presentation on Wednesday, April 23rd, 2025, at 12:00PM ET.

The event, organized in partnership with MicroCapClub, will also feature one-on-one meetings with investors on Thursday, April 24th, 2025. Interested participants can register for both the conference and individual meetings through the provided links.

Alico (Nasdaq: ALCO) has secured Amendment No. 7 to its First Amended and Restated Credit Agreement with MetLife Investment Management, , effective March 31, 2025. The amendment modifies financial covenants to better align with the company's ongoing strategic transformation and reduces Crop and Tree Insurance coverage requirements for the 2025/2026 harvest season, which is expected to generate cost savings.

The revised agreement creates a more flexible financial framework while maintaining disciplinary measures, supporting Alico's previously announced business transformation initiative.

Alico (Nasdaq: ALCO) has announced its participation in the upcoming 15th Annual LD Micro Invitational at The Westin Grand Central in New York on April 9-10, 2025.

Company President and CEO John Kiernan will deliver a presentation on Thursday, April 10, 2025, at 9:00AM ET. The event will feature approximately 50 presenting companies, and Kiernan will also be available for one-on-one meetings with investors throughout April 10.

Alico (Nasdaq: ALCO) has announced a significant strategic transformation by filing a development application for a 3,000-acre master-planned community in northwest Collier County. The project, called Corkscrew Grove Villages, will consist of two 1,500-acre mixed-use villages while dedicating 6,000 acres for permanent conservation.

The development includes Corkscrew Grove East Village and Corkscrew Grove West Village, with construction expected to begin after permits are secured by 2028-2029. This project is part of Alico's broader strategy to monetize 5,500 acres across four counties, potentially valued at $335-380 million.

The development aligns with Collier County's Rural Land Stewardship Area (RLSA) program, focusing on clustered development to maximize environmental preservation. A local bill was filed in February 2025 requesting approval of the Corkscrew Grove Stewardship District, with final action expected by June 2025.