Alico Inc Stock Price, News & Analysis

Alico, Inc. (Nasdaq: ALCO) will release its second quarter financial results for the period ending March 31, 2021, on May 5, 2021, prior to market opening. A conference call is scheduled for the same day at 8:30 AM EDT to discuss these results. Interested listeners can join via phone or through a live webcast available on the company's Investor Relations website. A replay will be accessible until May 19, 2021.

Alico, Inc. (Nasdaq: ALCO) has announced the sale of approximately 5,734 acres of Alico Ranch to the State of Florida for $14.4 million under the Florida Forever program. This marks the third sale to the state in three years, totaling over 22,000 acres. Alico plans to use the proceeds to prepay a portion of its fixed-rate debt. The company remains optimistic about future sales of other parcels and aims to increase shareholder value through dividends and debt reduction, among other strategies.

Alico, a leading citrus producer, announced participation in the 33rd Annual ROTH Conference, occurring virtually from March 15-17, 2021. CEO John Kiernan and CFO Richard Rallo will engage in one-on-one and small group meetings on March 15 and 16. Interested parties can schedule meetings through their ROTH sales representative. Alico operates in two divisions: Alico Citrus and Land Management, providing environmental services and land leasing.

Alico, Inc. (Nasdaq: ALCO) reported a significant increase in net income for Q1 FY2021, reaching $3.8 million ($0.51 per share), up from $0.8 million ($0.11 per share) in Q1 FY2020. The company benefited from a higher market price per pound solids, rising 20.3% to $2.25, despite a 14.6% decrease in total boxes harvested. Additionally, Alico reaffirmed its FY2021 guidance for net income between $7.5 million and $10 million. Alico's balance sheet remains robust with a working capital ratio of 3.21 to 1.00 and $4.1 million received from the Florida Citrus Recovery Block Grant Program.

Alico, Inc. (Nasdaq: ALCO) will release its financial results for the first quarter ended December 31, 2020, on February 4, 2021, before market open. A conference call to discuss these results will take place at 8:30 AM ET on the same day. Interested parties can join by calling (877) 407-0792 or (201) 689-8263 from outside the U.S. A live webcast will also be accessible through the Investor Relations section of the Company's website.

Alico, a leading citrus producer, is set to present at the 23rd Annual ICR Conference virtually from January 11-14, 2021. The CEO, John Kiernan, will deliver the presentation on January 12, 2021, at 8:30 am Eastern time. This conference provides an opportunity for the company to engage in one-on-one and small group meetings with investors.

Alico operates primarily through its Citrus and Land Management divisions, focusing on citrus production and related environmental services.

Alico announced that the State of Florida approved an option agreement for the purchase of approximately 5,804 acres of Alico Ranch for about $14.6 million under the Florida Forever program. This land is significant for the habitat of the endangered Florida panther. If exercised, the closing is anticipated in the third quarter of fiscal 2021. Over the past two years, Alico has sold about 16,000 acres to the state for conservation, enhancing protections for biodiversity and local ecosystems.

Alico, Inc. (ALCO) reported a net income of $23.7 million and EBITDA of $51.8 million for fiscal year 2020, but adjusted net loss of $1.2 million reflects market challenges. The company harvested approximately 7.6 million boxes, down 6.6%. Citrus prices fell significantly, reducing earnings per diluted share from $5.05 to $3.16 year-over-year. Alico's ongoing land transactions and a 100% dividend increase to $0.18 per share signal a strategic focus on growth. For fiscal 2021, Alico projects net income between $7.5 million and $10 million, with EBITDA guidance of $29 million to $33 million.

Alico (Nasdaq: ALCO) announced participation in the Roth Virtual Deer Valley Consumer Event from December 9-11, 2020. John Kiernan, President and CEO, will engage in virtual meetings on December 11. Interested parties can arrange meetings through their Roth sales representatives.

Alico, primarily involved in citrus production and water resource management, is one of the largest citrus producers in the U.S. For further details, visit www.alicoinc.com.