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, a leading citrus producer, announced its participation in the 24th Annual ICR Conference in Orlando, Florida, from January 10-12, 2022. Presenters include John Kiernan, President and CEO, and Richard Rallo, Senior VP and CFO. Their presentation is set for 3:00 PM Eastern time on January 11, 2022, with an online broadcast available on their Investor Relations website. A replay will be accessible for 90 days post-event. Alico operates primarily in Citrus and Land Management sectors.
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Alico, Inc. (Nasdaq: ALCO) reported strong financial results for the fiscal year ending September 30, 2021, with a net income of $34.9 million, a significant increase from $23.7 million in the previous year. The Company achieved an EBITDA of $65.5 million, exceeding guidance, while adjusted net income rose to $4.6 million. Strong citrus market prices boosted results despite a decline in box production. Alico sold approximately 19,800 acres of land, reinvesting proceeds to enhance operations and increase its quarterly dividend from $0.18 to $0.50 per common share, demonstrating robust financial stability.
FORT MYERS, Fla., Nov. 29, 2021 – Alico, Inc. (Nasdaq: ALCO) announced that its President and CEO, John Kiernan, along with CFO Richard Rallo, will present at the Sidoti Microcap Conference on December 8-9, 2021. The presentation is set for 10:45 am ET on December 8 and will be accessible via the Company’s Investor Relations website. Alico operates primarily in citrus production and land management. More details can be found on their official site.
Alico, Inc. (Nasdaq: ALCO) will announce its financial results for the fourth quarter and full year ended September 30, 2021, on December 7, 2021, before the market opens. A conference call will follow at 8:30 AM Eastern Daylight Time for discussions on the results. Interested participants can join via phone or through the live webcast on the company's Investor Relations website, which will also be archived for 30 days. Alico operates primarily in citrus production and land management, positioning itself as a significant player in the industry.
FORT MYERS, Fla., Nov. 10, 2021 - Alico, Inc. (Nasdaq: ALCO) announced its participation in the Roth Capital 10th Annual Technology & Inaugural AgTech Answers Virtual Event. The event is scheduled for November 16-18, 2021, with one-on-one meetings hosted by Alico on November 16. Key executives, President and CEO John Kiernan and CFO Richard Rallo, will represent the Company at the event. Alico, primarily known for its citrus production and land management operations, invites interested parties to contact for scheduling meetings.
FORT MYERS, Fla., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq: ALCO) announced that President and CEO John Kiernan, along with Senior VP and CFO Richard Rallo, will present at the Sidoti Small Cap Investor Conference on September 22-23, 2021. The presentation is scheduled for 10:45am ET on September 22 and will be available for live viewing in the Investor Relations section of Alico's website. Alico primarily operates two divisions: Alico Citrus, one of the largest citrus producers in the U.S., and Land Management operations.
FORT MYERS, Fla., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq: ALCO) announced that its CEO John Kiernan and CFO Richard Rallo will present at the Sidoti Microcap Conference on August 18-19, 2021. The presentation is scheduled for 10:00 am ET on August 18 and will be broadcast live on the Investor Relations section of Alico's website. The Company operates Alico Citrus, one of the largest citrus producers in the U.S., along with land management operations.
Alico, Inc. (ALCO) reported strong financial results for Q3 FY 2021, with a net income of approximately $35.8 million, up from $6.5 million YoY. Earnings per diluted share reached $4.77, compared to $0.86 in the previous year. The Company’s average realized price per pound solid increased 31.7% to $2.45. Despite a 15.9% decline in harvested boxes, net cash from operating activities surged 59.1% to about $33.6 million. Alico also raised its quarterly dividend from $0.18 to $0.50 per share and anticipated FY 2021 net income between $33 million and $38.5 million.
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