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. reports developments as a Florida agribusiness and land management company that has shifted toward a diversified land-company model. Recurring updates cover land sales, agricultural leasing, rock and sand royalty revenue, and agricultural operations tied to the company’s Florida acreage portfolio.
Company news also includes progress on strategic land development, including Corkscrew Grove East Village and the broader Corkscrew Grove Villages project in Southwest Florida. Other recurring themes include financial results, capital-return actions, development entitlements, permitting matters, and investor conference participation.
Alico (Nasdaq: ALCO) announced its participation in the 37th Annual ROTH Conference, where CEO John Kiernan will conduct one-on-one investor meetings on March 17-18, 2025, at the Laguna Cliffs Marriott in Dana Point, California.
The company will provide updates on its strategic transformation initiatives, including:
- Transition to a diversified land management company with an estimated portfolio value of $650-750 million
- Plans to monetize select land assets, targeting $20 million in transactions for fiscal 2025
- Development of alternative agricultural revenue streams through leasing arrangements and seasonal crops
- Continued openness to opportunistic land sales
Alico Inc. (NASDAQ: ALCO) reported financial results for Q1 2024, showing a net loss of $9.2 million compared to a net income of $42.9 million in Q1 2023. Revenue increased 20.8% to $16.9 million, while earnings per share decreased to -$1.20 from $5.64 year-over-year.
The company is executing a strategic transformation to become a diversified land company and will conclude capital investment in citrus operations after the 2025 harvest. Citrus production decreased to 4.0 million pound solids from 4.7 million in the prior year due to Hurricane Milton impacts and ongoing challenges with citrus greening disease.
Alico expects to realize approximately $20 million in land sales in fiscal year 2025 and maintains strong liquidity with $73.5 million in available credit facilities. The company has no significant debt maturities until 2029 and ended the quarter with $4.4 million in cash and $104.9 million in total debt.
Alico (Nasdaq: ALCO) has scheduled its first quarter 2025 financial results announcement for Wednesday, February 12, 2025, after market close. The company will follow up with a conference call on Thursday, February 13, 2025, at 8:30 am Eastern Time to discuss the results.
Investors can join the conference call using the following dial-in numbers: 1-800-343-4849 (US) and 1-203-518-9848 (International) with participant ID: ALICO. A replay will be available approximately three hours after the call until February 27, 2025, accessible at 1-844-512-2921 (US) and 1-412-317-6671 (International) with passcode 11158103.
Alico (Nasdaq: ALCO) has announced its participation in the inaugural LD Micro Summit, an exclusive, invitation-only conference scheduled for February 3-4, 2025, in Fort Lauderdale, Florida. John Kiernan, the Company's President and Chief Executive Officer, will conduct one-on-one meetings with investors during the event. The summit is specifically designed to showcase select dynamic companies to investors.
Alico (Nasdaq: ALCO) has announced its participation in The Microcap Conference 2025, scheduled for January 30th, 2025, in Atlantic City, NJ. John Kiernan, the Company's President and CEO, will lead the presentation and conduct one-on-one meetings with investors during the event.
The conference, recognized as the premier event for growth-focused companies and investors, will provide a platform for Alico's management to share insights about recent developments, growth strategy, and investment opportunities. Interested participants can register for the conference or schedule one-on-one meetings through the conference website.
Alico (Nasdaq: ALCO) has announced its participation in the upcoming Sidoti Micro-Cap Virtual Conference scheduled for January 22nd and 23rd, 2025. John Kiernan, the Company's President and Chief Executive Officer, will deliver a presentation on Wednesday, January 22, 2025, at 9:15AM EST.
The company will also facilitate virtual one-on-one meetings with investors during both days of the conference. Interested participants can register for the presentation or schedule one-on-one meetings through the Sidoti events website.
Alico Inc (Nasdaq: ALCO) has announced its participation in the 27th Annual ICR Conference scheduled for January 13-15, 2025, in Orlando, FL. John Kiernan, the Company's President and Chief Executive Officer, will deliver a presentation on Wednesday, January 15, 2025, at 8:00 am Eastern time.
The presentation will be accessible through a live webcast via the "News / Events" section on Alico's investor relations website at https://ir.alicoinc.com. Additionally, the company will engage in one-on-one and small group meetings during the conference.
Alico Inc (Nasdaq: ALCO) announced a strategic transformation to become a diversified land company, winding down its Alico Citrus division after the current 2025 harvest. The company owns approximately 53,371 acres across eight Florida counties and 48,700 acres of mineral rights.
The decision comes after citrus production declined 73% over the last decade due to citrus greening disease and hurricane damage. The company will focus on non-citrus agricultural opportunities and real estate development, with approximately 75% of land holdings remaining in agriculture and 25% having potential for commercial and residential development.
Management estimates current landholdings could be worth $650-750 million. Approximately 3,460 citrus acres will be managed by third-party caretakers through 2026. The company expects positive cash flow for the remainder of the fiscal year and sufficient cash reserves for at least two additional years without additional land sales.
Alico Inc. (NASDAQ: ALCO) reported financial results for fiscal year 2024, with net income of $7.0 million and EBITDA of $29.7 million. The company sold approximately 18,354 acres for $86.2 million in gross proceeds. Citrus production increased 14.7% to 3.1 million boxes, with average realized price rising to $2.81 per pound solids. However, an inventory impairment charge of $19.5 million was recognized due to lower-than-anticipated production estimates for 2024-2025. The company maintains a strong balance sheet with a working capital ratio of 3.81:1 and reduced debt-to-assets ratio of 0.23:1. Available credit under revolving line increased to $86.6 million with extended maturity to 2034.
Alico (Nasdaq: ALCO) has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for Monday, December 2, 2024, before market open. The company will host a conference call at 8:30 am Eastern Time on the same day to discuss the results. Investors can join via phone using 1-800-225-9448 (US) or 1-203-518-9708 (international) with participant ID 'ALICO'. A replay will be available until December 16, 2024, accessible at 1-844-512-2921 (US) or 1-412-317-6671 (international) using passcode 11157554.