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.
FORT MYERS, Fla., March 7, 2022 – Alico, Inc. (Nasdaq: ALCO) announced that its CFO, Richard Rallo, will attend the 34th Annual Roth Conference from March 13-15, 2022, at the Ritz Carlton Laguna Niguel in California. The company will hold one-on-one and small group meetings during the event. Interested parties can reach out for more details or to schedule meetings through investor relations contact.
Alico primarily operates through its citrus production and land management divisions, emphasizing its position as one of the largest citrus producers in the U.S.
FORT MYERS, Fla., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Alico today announced that its President and CEO, John Kiernan, along with CFO Richard Rallo, will present at the Investor Summit Group Q1 2022 Conference, taking place virtually on March 8-9, 2022. Alico's presentation is scheduled for 9:30 AM ET on March 9, 2022, and will be available for live streaming on the Company’s investor relations website. Alico primarily operates in citrus production and land management, making it a significant player in the agricultural sector.
Alico, Inc. (ALCO) reported strong quarterly financial results for the period ending December 31, 2021, showing a net income of approximately $10.1 million, translating to earnings of $1.34 per diluted share, a 162.7% increase year-over-year. EBITDA rose 14.6% to $11.6 million, while adjusted EBITDA was slightly down at $2.4 million. Despite good pricing trends and increased orange juice consumption, the company withdrew its fiscal 2022 guidance due to anticipated lower yields from orange crops affected by freezing temperatures. The working capital ratio stands strong at 3.69 to 1.00.
Alico, Inc. (Nasdaq: ALCO) will release its financial results for the first quarter ended December 31, 2021, on February 3, 2022, before the market opens. A conference call to discuss these results is scheduled for 8:30 AM Eastern Daylight Time on the same day. Interested parties can join the call by dialing specific numbers provided for both U.S. and international listeners. A replay of the call will be available until February 17, 2022, and a live webcast will also be accessible on the Company’s Investor Relations website.
Alico, Inc. (Nasdaq: ALCO) announced that its President and CEO, John Kiernan, and CFO, Richard Rallo, will present at the Sidoti Small Cap Investor Conference on January 19, 2022, starting at 10:45 AM ET. The event will be held virtually, and the company will offer one-on-one and small group meetings. A live broadcast of the presentation will be accessible through the Investor Relations section of Alico's website. Alico primarily operates in citrus production and land management.
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.