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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FORT MYERS, Fla., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) announces that it has postponed the 2022 Year-end Earnings Call scheduled for 8:30 AM December 6, 2022, because additional time is required for completion of the audit of its financial results for the period ended September 30, 2022 by its independent registered public accounting firm.

Alico, Inc. Postpones Year-end Earnings Call

Company to Host Conference Call at 8:30 AM Eastern Time Company to Host Conference Call at 8:30 AM Eastern Time

Alico, Inc. to Announce Fourth Quarter and Full Year 2022 Financial Results on Tuesday, December 6, 2022

Alico is one of the largest citrus growers in the U.S. It owns 49,000 acres of citrus groves and 25,000 acres of ranch land in Florida.

Alico: Undervalued Asset Play

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FORT MYERS, Fla., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. remains strong following the historic Hurricane Ian. Most importantly, we are grateful that none of our 200+ employees were casualties from this devastating storm in Southwest Florida this week.  The full impact of Hurricane Ian on Alico's assets and operations is still being assessed at this time, but we believe the lessons learned over the past 125 years, especially since Hurricane Irma in 2017, allowed us to be better prepared prior to landfall and to more rapidly begin recovery after impact. The implementation of our disaster programs, our dedicated workforce, and experienced management appear to have limited the damage to our properties.

Alico, Inc. Initial Hurricane Ian Assessment: 125 year-old Company Weathers Latest Storm

FORT MYERS, Fla., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (NASDAQ: ALCO, "Alico" or "the Company"), an agriculture and land management company, today announced the hiring and appointment of Perry G. Del Vecchio as the Company's Chief Financial Officer, effective as of September 6, 2022.

Alico, Inc. Appoints Perry Del Vecchio as Chief Financial Officer

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Dallas, Texas--(Newsfile Corp. - August 29, 2022) - Stonegate Capital Partners updates coverage on Alico, Inc. (NASDAQ: ALCO). The full report can be accessed by clicking on the following link: https://stonegateinc.com/reports/ALCO_Q2FY22.pdf To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Capital Partners Updates Coverage on Alico, Inc. (ALCO)

Alico, Inc. (NASDAQ:ALCO ) Q3 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants John Kiernan – President and Chief Executive Officer Conference Call Participants Gerry Sweeney – ROTH Capital Operator Welcome to Alico's Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Alico, Inc. (ALCO) CEO John Kiernan on Q3 2022 Results - Earnings Call Transcript

FORT MYERS, Fla., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces financial results for the third quarter of fiscal year 2022 and the nine months ended June 30, 2022, the highlights of which are as follows:

Alico, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 30, 2022

Company to Host Conference Call at 4:30 PM Eastern Daylight Time Company to Host Conference Call at 4:30 PM Eastern Daylight Time

Alico, Inc. to Announce Third Quarter 2022 Financial Results on Wednesday, August 3, 2022

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FORT MYERS, Fla., June 06, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company's President and Chief Executive Officer, will present at the Sidoti Small Cap Conference, to be held virtually June 15-16, 2022.

Alico, Inc. to Present at the Sidoti Small Cap Investor Conference

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Alico, Inc. (NASDAQ:ALCO ) Q2 2022 Results Conference Call May 9, 2022 4:30 PM ET Company Participants John Kiernan - President and Chief Executive Officer Rich Rallo - Chief Financial Officer Conference Call Participants Gerry Sweeney - ROTH Capital Operator Welcome to Alico's Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Alico, Inc. (ALCO) CEO John Kiernan on Q2 2022 Results - Earnings Call Transcript

FORT MYERS, Fla., May 09, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces financial results for the second quarter of fiscal year 2022 and the six months ended March 31, 2022, the highlights which are as follows:

Alico, Inc. Announces Financial Results for the Second Quarter and Six Months Ended March 31, 2022

FORT MYERS, Fla., May 04, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company's President and Chief Executive Officer, and Richard Rallo, the Company's Senior Vice President and Chief Financial Officer, will present at the Sidoti Microcap Conference, to be held virtually May 11-12, 2022.

Alico, Inc. to Present at the Sidoti Microcap Investor Conference

Alico (ALCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Alico (ALCO) to Report a Decline in Earnings: What to Look Out for

This Florida citrus grower is a tasty choice for dividend investors.

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FORT MYERS, Fla., April 13, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that Richard Rallo, the Company's Senior Vice President and Chief Financial Officer, will attend the Noble Capital Markets' Eighteenth Annual Investor Conference to be held April 19-21, 2022 at the Hard Rock Hotel & Casino, Hollywood, Florida.

Alico, Inc. to Attend the Noble Capital Markets' Eighteenth Annual Investor Conference

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Alico has benefited from strong consumer demand for oranges and climbing market pricing.

Alico Stock: 5.3% Dividend Yield From Orange Juice Leader

FORT MYERS, Fla., March 31, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces updated financial guidance and other business activities that will continue to support its business strategy and generate greater returns for our shareholders.

Alico, Inc. Announces Update on Harvest Season, Ranchland Sales, Other Business Activities and Financial Guidance

News for Alico Stock (ALCO)