Alico

Alico, Inc. is a holding company, which engages in the operations of agriculture, land management, and natural resources. It operates through the Alico Citrus, and Land Management and Other Operations segments. The Alico Citrus segment cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets. The Land Management and Other Operations segment offers land leasing for recreational and grazing purposes, conservation, and mining activities. The company was founded on February 29, 1960 and is headquartered in Fort Myers, FL.

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Alico reports Q1 loss post-Hurricane Ian, eyes citrus grove growth

Alico faced a challenging Q1 2023 with a net loss of $3.2 million, primarily due to reduced revenue from fruit drop caused by Hurricane Ian, impacting total operating revenue.
Despite the challenges, the company maintained a stable financial position with working capital of $27.3 million and successfully extended its credit line to manage through the impacts.
Looking ahead, Alico sees opportunities in the productivity of its citrus groves, new tree plantations, and strategic land sales to drive future growth and revenue generation.

Alico reports Q2 loss post-Hurricane Ian, focuses on future growth

Alico faced revenue challenges from Hurricane Ian, leading to a net loss in Q2 2023. Despite this, the company maintains strong liquidity and a focus on future growth through investments in tree planting and new therapies.

Alico reports Q3 net income of $11.8M amidst citrus challenges

Alico navigated challenges from Hurricane Ian with resilience, leveraging insurance proceeds for financial stability.
Operational improvements like OTC therapy usage demonstrate a commitment to long-term sustainability and growth.
Strategic partnerships, upcoming harvest season, and cost management present opportunities for Alico's continued success.

Alico faces income loss post-Hurricane Ian but maintains financial stability

Alico navigated challenges from Hurricane Ian, resulting in decreased box production and a net income loss, but maintained financial stability with a strong balance sheet and proactive debt reduction strategies.
The company's focus on recovery efforts, including citrus tree rehabilitation and grove management, positions Alico for future growth opportunities despite the setbacks faced in the previous fiscal year.

Alico reports improved Q1 performance, debt reduction, and sustainability focus

Alico's Q1 2024 performance showed resilience in overcoming challenges, with a focus on debt reduction, sustainability, and operational improvements. The company remains cautiously optimistic about future harvests and its commitment to the citrus industry.

Alico faces citrus production challenges but pursues growth opportunities

Alico's Q2 2024 performance was impacted by Hurricane Ian's effects on citrus production, leading to a net loss, but the company remains focused on strategic initiatives to drive future growth and enhance shareholder value.
Despite challenges in citrus production and revenue timing, Alico is leveraging opportunities through increased tree treatments, contract renewals, and asset monetization to position itself for long-term success.

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NEW YORK--(BUSINESS WIRE)-- #ALCO--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Alico, Inc. (NASDAQ: ALCO) on behalf of long-term stockholders following a class action complaint that was filed against Alico on February 17, 2023 with a Class Period from February 4, 2021 to December 13, 2022. Our investigation concerns whether the board of directors of Alico have breached their fiduciary duties to the company. Throughout t.

ALICO ALERT: Bragar Eagel & Squire, P.C. is Investigating Alico, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Alico's stock price dropped significantly due to the record breaking destruction of Hurricane Ian, which hit Florida in September 2022 and created a major fruit drop problem. The citrus production problems Alico is facing related to hurricane Ian are abnormally bad and not indicative of long-term problems. Alico's stock price should increase drastically as its 2024 harvest season numbers are reported and improvements in year-over-year citrus production begin to normalize.

Alico: Value Behind Short-Term Trouble

Alico is one of the largest citrus growers in the U.S with ~49,000 acres of citrus groves in Florida. Hurricane Ian has made Alico's F2023 a writeoff.

Alico: Reiterate Buy For Long-Term Investors

Alico, Inc. (NASDAQ:ALCO ) Q2 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants John Kiernan - President and Chief Executive Officer Perry Del Vecchio - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, welcome to Alico's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Alico, Inc. (ALCO) Q2 2023 Earnings Call Transcript

Alico (ALCO) came out with a quarterly loss of $1.62 per share versus the Zacks Consensus Estimate of $0.13. This compares to earnings of $0.06 per share a year ago.

Alico (ALCO) Reports Q2 Loss, Misses Revenue Estimates

FORT MYERS, Fla., May 04, 2023 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces financial results for the second quarter of fiscal year 2023 and the six months ended March 31, 2023, the highlights of which are as follows:

Alico, Inc. Announces Financial Results for the Second Quarter and Six Months Ended March 31, 2023

FORT MYERS, Fla., April 20, 2023 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the second quarter ended March 31, 2023, on Thursday, May 4, before the market open.

Alico, Inc. to Announce Second Quarter 2023 Financial Results on Thursday, May 4, 2023

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming April 18, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) securities between February 4, 2021 and December 13, 2022, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Alico, Inc. (ALCO)

LOS ANGELES , April 11, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Alico, Inc. ("Alico" or the "Company") (NASDAQ: ALCO).

ALCO Investors Have Opportunity to Lead Alico, Inc. Securities Fraud Lawsuit

NEW YORK , April 10, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Alico, Inc. ("Alico" or the "Company") (NASDAQ: ALCO) and certain officers.  The class action, filed in the United States District Court for the Middle District of Florida, and docketed under 23-cv-00107, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Alico securities between February 4, 2021 and December 13, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Alico, Inc. of Class Action Lawsuit and Upcoming Deadline - ALCO

NEW YORK , April 6, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Alico, Inc. (NASDAQ: ALCO) between February 4, 2021 and December 13, 2022, both dates inclusive (the "Class Period"), of the important April 18, 2023 lead plaintiff deadline. SO WHAT: If you purchased Alico securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Alico, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - ALCO

NEW YORK , March 29, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Alico, Inc. (NASDAQ: ALCO) between February 4, 2021 and December 13, 2022, both dates inclusive (the "Class Period"), of the important April 18, 2023 lead plaintiff deadline. SO WHAT: If you purchased Alico securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ALCO NOTICE: ROSEN, A LEADING, LONGSTANDING, AND TOP RANKED FIRM, Encourages Alico, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - ALCO

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ALCO, BEP and FFNW have been added to the Zacks Rank #5 (Strong Sell) List on March 24, 2023.

New Strong Sell Stocks for March 24th

NEW YORK , March 22, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Alico, Inc. (NASDAQ: ALCO) between February 4, 2021 and December 13, 2022, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed.

ALCO EQUITY ALERT: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Alico, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - ALCO

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Alico, Inc. (NASDAQ: ALCO) between February 4, 2021 and December 13, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 18, 2023.

ALCO EQUITY ALERT: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Alico, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ALCO

NEW YORK--(BUSINESS WIRE)---- $ALCO #classaction--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Florida on behalf of those who acquired Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) securities during the period from February 4, 2021 through December 13, 2022 (the “Class Period”). Investors have until April 18, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Alico, Inc. (ALCO) Investors and Encourages Investors to Contact the Firm Before April 18, 2023

NEW YORK , March 11, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Alico, Inc. ("Alico" or the "Company") (NASDAQ: ALCO) and reminds investors of the April 18, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you suffered losses exceeding $100,000 investing in Alico stock or options between February 4, 2021 and December 13, 2022 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext.

ALICO SHAREHOLDER ACTION REMINDER: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Alico To Contact Him Directly To Discuss Their Options

LE AD PLAINTIFF DEADLINE IS APRIL 18, 2023 NEW YORK , March 6, 2023 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP  announces that a federal securities class action lawsuit has been filed against Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) in the United States District Court for the Middle District of Florida on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Alico securities between February 4, 2021 and December 13, 2022, both dates inclusive (the "Class Period"). All investors who purchased shares and incurred losses are  advised  to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.

ALICO, INC. CLASS ACTION ALERT: WOLF HALDENSTEIN ADLER FREEMAN & HERZ LLP REMINDS INVESTORS THAT A SECURITIES CLASS ACTION LAWSUIT HAS BEEN FILED IN THE UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF FLORIDA

Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Alico, Inc. (ALCO) Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming April 18, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) securities between February 4, 2021 and December 13, 2022, inclusive (the “Class Period”).

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Alico, Inc. (ALCO)

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming April 18, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) securities between February 4, 2021 and December 13, 2022, inclusive (the “Class Period”). Alico investors have until April 18, 2023 to file a lead plaintiff motion.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Alico, Inc. (ALCO)

SAN DIEGO--(BUSINESS WIRE)---- $ALCO #ALCO--Alico, Inc.

Alico, Inc. (ALCO) Shareholder Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Class Action Against Alico, Inc.

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) securities between February 4, 2021 and December 13, 2022, inclusive (the “Class Period”). Alico investors have until April 18, 2023 to file a lead plaintiff motion.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Alico, Inc. (ALCO) Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) securities between February 4, 2021 and December 13, 2022, inclusive (the “Class Period”). Alico investors have until April 18, 2023 to file a lead plaintiff motion. Investors suffering losses on their Alico investments are encouraged to contact the Law Offices of Howard G.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Alico, Inc. (ALCO) Investors

NEW YORK--(BUSINESS WIRE)---- $ALCO #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Alico, Inc. (“Alico” or “the Company”) (NASDAQ: ALCO) and certain of its officers, on behalf of all persons and entities that purchased or otherwise acquired Alico securities between February 4, 2021 and December 13, 2022, (the “Class Period”). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.

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