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. (ALCO) maintains this dedicated news hub for investors and stakeholders tracking developments in Florida's agribusiness sector. Our curated collection provides immediate access to official press releases, financial disclosures, and operational updates from one of America's leading citrus producers and land management specialists.
Find timely information on citrus harvest results, land leasing agreements, conservation initiatives, and strategic business decisions. The archive serves as an essential resource for analyzing Alico's dual focus areas: supplying premium citrus to processed markets while managing over 100,000 acres of Florida land for agricultural and conservation purposes.
Key updates include quarterly earnings reports, processing facility expansions, environmental stewardship programs, and partnership announcements with major food producers. All content is sourced directly from company filings and verified releases to ensure reliability for investment research and market analysis.
Bookmark this page to monitor Alico's progress in balancing citrus production efficiency with sustainable land management practices. Check regularly for updates on how the company navigates commodity markets while maintaining its position as a responsible steward of Florida's agricultural resources.
Alico, Inc. announces financial results for the second quarter and six months ended March 31, 2024, with revenues of $32.1 million. Net income of $27.1 million and EBITDA of $47.3 million. An inventory write-down of $17.7 million due to lower box production. Oxytetracycline treatment increases yield. Negotiating new citrus supply agreements. Sale of underperforming land for $7.0 million. Strong balance sheet with $95.0 million available credit.
