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., Sept.  11, 2020  (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces the State of Florida purchased, under the Florida Forever program, approximately 10,702 acres of Alico Ranch for $28.5 million pursuant to an option agreement entered into between the State of Florida and Alico.

Alico, Inc. Announces Sale of Land to State of Florida

FORT MYERS, Fla., Sept.  01, 2020  (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company’s President and Chief Executive Officer, will host one-on-one meetings at the Citi Virtual Growth Conference on Friday, September 18, 2020. To schedule a one-on-one with Alico, please contact your Citi sales representative.

Alico, Inc. to Host One-On-One Meetings at the Citi Virtual Growth Conference

FORT MYERS, Fla., Aug.  06, 2020  (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces financial results for the third quarter of fiscal year 2020 and the nine months ended June 30, 2020, the highlights which are as follows:

Alico, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 30, 2020

FORT MYERS, Fla., Aug.  06, 2020  (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces the appointment of two new members to the Company’s Board of Directors (the “Board”).

Alico, Inc. Announces Two New Appointments to the Board of Directors

Significant asset value and significant earnings value.

Alico - A Two Pillar Stock

FORT MYERS, Fla., May 28, 2020 /PRNewswire/ -- Alico, Inc. ("Alico" or the "Company") (Nasdaq: ALCO) announces today that the State of Florida approved entering into an option agreement submitted by Alico which grants the State an option to purchase approximately 10,684 acres of Alico...

State Of Florida Approves Option Agreement With Alico To Acquire Approximately 10,684 Acres Of Alico Ranch

FORT MYERS, Fla., May  28, 2020  (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) announces today that the State of Florida approved entering into an option agreement submitted by Alico which grants the State an option to purchase approximately 10,684 acres of Alico Ranch for approximately $28.5 million under the Florida Forever program.

State of Florida approves  option agreement with Alico to acquire approximately 10,684 acres of Alico Ranch

FORT MYERS, Fla., May  21, 2020  (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces it has entered into two new agreements with its largest customer to supply citrus fruit. These agreements are effective October 1, 2020 and conclude on July 31, 2024 and succeed an existing agreement that is set to expire at the end of September 2020.

Alico, Inc. Announces Execution of New Four-Year Citrus Fruit Supply Agreements

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FORT MYERS, Fla., Nov.  13, 2019  (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: “ALCO”) today announced that 734 Investors, LLC (“734 Investors”), the Company’s largest shareholder, has distributed the 3,173,405 shares of Company common stock held by it, on a pro rata basis, to its members. This share distribution comes in anticipation of the dissolution of 734 Investors later this year. Transfers of these shares are not registered on any current Alico registration statement, but the shares are potentially transferable pursuant to Rule 144, subject to certain customary restriction.

Alico, Inc. Announces Expected Dissolution of Its Largest Shareholder, 734 Investors

News for Alico Stock (ALCO)