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) announced the release of its financial results for the second quarter ended March 31, 2023, scheduled for May 4, 2023, before market open. A conference call will follow at 8:30 AM ET on the same day to discuss these results. Interested participants can join the call by dialing 1-888-886-7786 (U.S.) or 1-416-764-8658 (international), using the participant ID 10649055. A replay will be available approximately three hours after the call, lasting until May 18, 2023.
Alico operates two main divisions: Alico Citrus, a leading citrus producer, and Alico Land Management, which includes environmental services and land leasing. Further details can be found on their website.
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.
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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.