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. (ALCO) maintains this dedicated news hub for investors and stakeholders tracking developments in Florida's agribusiness sector. Our curated collection provides immediate access to official press releases, financial disclosures, and operational updates from one of America's leading citrus producers and land management specialists.
Find timely information on citrus harvest results, land leasing agreements, conservation initiatives, and strategic business decisions. The archive serves as an essential resource for analyzing Alico's dual focus areas: supplying premium citrus to processed markets while managing over 100,000 acres of Florida land for agricultural and conservation purposes.
Key updates include quarterly earnings reports, processing facility expansions, environmental stewardship programs, and partnership announcements with major food producers. All content is sourced directly from company filings and verified releases to ensure reliability for investment research and market analysis.
Bookmark this page to monitor Alico's progress in balancing citrus production efficiency with sustainable land management practices. Check regularly for updates on how the company navigates commodity markets while maintaining its position as a responsible steward of Florida's agricultural resources.
Alico, Inc. (ALCO) reported a net loss of $3.2 million for the fiscal quarter ending December 31, 2022, a significant decline from a net income of $10.1 million in the same period last year. Adjusted EBITDA for this quarter was negative $3.4 million, compared to positive $2.4 million in the prior year. The company sold approximately 609 acres for $3.3 million but anticipates lower production and revenue due to Hurricane Ian's adverse effects. Working capital remains strong at $27.3 million, with a 3.67 to 1.00 ratio, despite rising operating costs. Alico paid a cash dividend of $0.05 per share on January 13, 2023.
Alico, Inc. (Nasdaq: ALCO) will announce its financial results for the first quarter ending December 31, 2022, on February 6, 2023, before market opening. A conference call to discuss these results will follow at 8:30 AM Eastern Time on the same day. Interested participants can join by calling 1-877-407-0792 (U.S.) or 1-201-689-8263 (international) with the participant ID 13735632. A replay of the call will be available shortly after the conclusion until February 20, 2023. Alico operates divisions in citrus production and land management, positioning itself as a significant player in these sectors.
Alico, Inc. (Nasdaq: ALCO) reported fiscal year 2022 results, showing net income of $12.5 million and EBITDA of $32.1 million. Adjusted net loss was $1.6 million, primarily due to $23 million in losses from Hurricane Ian. The company sold 9,400 acres of Alico Ranch for $41.9 million, returning $15 million to shareholders. However, income decreased significantly compared to the prior year, attributed to weather impacts and lower citrus production, with earnings per share dropping to $1.65 from $4.64. Alico has not provided guidance for fiscal 2023 due to ongoing uncertainties.
Alico, Inc. (Nasdaq: ALCO) will announce its financial results for Q4 and the full year ending September 30, 2022, on December 13, 2022, after market close. A conference call will be held to discuss these results at 4:30 PM Eastern Time on the same day. Interested participants can join the call by dialing 1-877-407-0792 in the U.S. or 1-201-689-8263 internationally. A replay will be available after the call until December 27, 2022. Alico operates primarily in citrus production and land management.
Alico, Inc. (Nasdaq: ALCO) announced on December 6, 2022, a delay in reporting its financial results for the period ending September 30, 2022, due to the need for further evaluation of its Deferred Tax Liability. This review may impact prior fiscal years, potentially adjusting the Deferred Tax Liability and Retained Earnings. While a filing extension for its Form 10-K is uncertain, the company remains optimistic about completing its evaluation before the deadline. Alico operates two divisions: Alico Citrus and Land Management.
Alico, Inc. (Nasdaq: ALCO) has announced the postponement of its 2022 Year-end Earnings Call, originally scheduled for December 6, 2022, at 8:30 AM. The delay is due to the need for additional time to complete the audit of its financial results for the period ending September 30, 2022, by its independent registered public accounting firm.
Alico, Inc. (Nasdaq: ALCO) will announce its financial results for Q4 and full year 2022 on December 6, 2022, prior to market open. A conference call will be held at 8:30 AM ET to discuss these results, with participation available through specified U.S. and international numbers. A playback of the call will be available shortly after it concludes, lasting until December 20, 2022. Alico operates primarily in citrus production and land management. For more details, visit the company’s website.
Alico, Inc. remains resilient following Hurricane Ian, with no employee casualties reported. The company is currently assessing damage across its 48,900 acres of citrus groves in Southwest Florida. Initial inspections suggest significant fruit drop but most trees remain intact. Alico’s crop insurance will cover any catastrophic losses, limiting financial impact. The company expects production recovery to take at least two seasons. Alico maintains a strong balance sheet with $89 million in undrawn credit. It will continue fulfilling contracts with major brands during the upcoming harvest season.
Alico, Inc. (NASDAQ: ALCO) announced the appointment of Perry G. Del Vecchio as Chief Financial Officer effective September 6, 2022. He brings 25 years of experience, including roles at a Fortune 500 company, enhancing Alico's financial management. Del Vecchio will oversee finance, treasury, and accounting, reporting to CEO John Kiernan. His expertise is expected to support Alico's strategy in the Florida citrus industry and increase shareholder value. The company operates primarily through Alico Citrus and Land Management divisions.
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