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Alico Inc. (Nasdaq: ALCO) is a renowned Florida-based agribusiness and land management company known for its extensive expertise and innovative practices in citrus production, sugarcane cultivation, cattle raising, and resource conservation. The company's operations are managed through two primary segments: Alico Citrus and Land Management and Other Operations.
The Alico Citrus division is a significant contributor to the firm's revenue, focusing on the cultivation and delivery of citrus fruits, particularly Hamlin and Valencia oranges, to both processed and fresh citrus markets. Alico's partnership with major juice processors like Tropicana underscores its pivotal role in the citrus industry.
The Land Management and Other Operations segment diversifies Alico's revenue streams through land leasing for recreational, conservation, and mining activities. Alico has also been actively engaged in strategic land sales, optimizing the use of its vast land holdings.
Among its recent achievements, Alico reported a net income of $42.9 million for the first fiscal quarter ending December 31, 2023, primarily driven by a significant land sale to the State of Florida. The company has also secured a new supply agreement with Tropicana, ensuring a steady and profitable relationship through July 2027 at favorable pricing terms.
Despite challenges such as hurricanes and citrus greening, Alico has demonstrated resilience, leveraging insurance proceeds and federal relief to maintain strong financial health. As of March 31, 2024, Alico reported a robust balance sheet with a working capital ratio of 2.55 to 1.00 and substantial available credit.
Alico's commitment to sustainability and innovation is evident in its ongoing application of Oxytetracycline (OTC) treatments to combat citrus greening and improve fruit quality. The company's strategic initiatives, including new farming leases and land sales, reflect its adaptive approach to maximizing shareholder value.
With over 125 years of experience, Alico continues to be a leader in Florida agriculture, constantly evaluating its real estate portfolio for the highest and best use, ensuring long-term growth and stability for its investors.
Alico, Inc. (Nasdaq: ALCO) reported strong financial results for the fiscal year ending September 30, 2021, with a net income of $34.9 million, a significant increase from $23.7 million in the previous year. The Company achieved an EBITDA of $65.5 million, exceeding guidance, while adjusted net income rose to $4.6 million. Strong citrus market prices boosted results despite a decline in box production. Alico sold approximately 19,800 acres of land, reinvesting proceeds to enhance operations and increase its quarterly dividend from $0.18 to $0.50 per common share, demonstrating robust financial stability.
FORT MYERS, Fla., Nov. 29, 2021 – Alico, Inc. (Nasdaq: ALCO) announced that its President and CEO, John Kiernan, along with CFO Richard Rallo, will present at the Sidoti Microcap Conference on December 8-9, 2021. The presentation is set for 10:45 am ET on December 8 and will be accessible via the Company’s Investor Relations website. Alico operates primarily in citrus production and land management. More details can be found on their official site.
Alico, Inc. (Nasdaq: ALCO) will announce its financial results for the fourth quarter and full year ended September 30, 2021, on December 7, 2021, before the market opens. A conference call will follow at 8:30 AM Eastern Daylight Time for discussions on the results. Interested participants can join via phone or through the live webcast on the company's Investor Relations website, which will also be archived for 30 days. Alico operates primarily in citrus production and land management, positioning itself as a significant player in the industry.
FORT MYERS, Fla., Nov. 10, 2021 - Alico, Inc. (Nasdaq: ALCO) announced its participation in the Roth Capital 10th Annual Technology & Inaugural AgTech Answers Virtual Event. The event is scheduled for November 16-18, 2021, with one-on-one meetings hosted by Alico on November 16. Key executives, President and CEO John Kiernan and CFO Richard Rallo, will represent the Company at the event. Alico, primarily known for its citrus production and land management operations, invites interested parties to contact for scheduling meetings.
FORT MYERS, Fla., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq: ALCO) announced that President and CEO John Kiernan, along with Senior VP and CFO Richard Rallo, will present at the Sidoti Small Cap Investor Conference on September 22-23, 2021. The presentation is scheduled for 10:45am ET on September 22 and will be available for live viewing in the Investor Relations section of Alico's website. Alico primarily operates two divisions: Alico Citrus, one of the largest citrus producers in the U.S., and Land Management operations.
FORT MYERS, Fla., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq: ALCO) announced that its CEO John Kiernan and CFO Richard Rallo will present at the Sidoti Microcap Conference on August 18-19, 2021. The presentation is scheduled for 10:00 am ET on August 18 and will be broadcast live on the Investor Relations section of Alico's website. The Company operates Alico Citrus, one of the largest citrus producers in the U.S., along with land management operations.
Alico, Inc. (ALCO) reported strong financial results for Q3 FY 2021, with a net income of approximately $35.8 million, up from $6.5 million YoY. Earnings per diluted share reached $4.77, compared to $0.86 in the previous year. The Company’s average realized price per pound solid increased 31.7% to $2.45. Despite a 15.9% decline in harvested boxes, net cash from operating activities surged 59.1% to about $33.6 million. Alico also raised its quarterly dividend from $0.18 to $0.50 per share and anticipated FY 2021 net income between $33 million and $38.5 million.
Alico, Inc. (Nasdaq: ALCO) announces the upcoming release of its third-quarter financial results for the period ending June 30, 2021. The results will be disclosed on August 5, 2021, before the market opens. A conference call will follow at 8:30 AM EDT to discuss the results, with dial-in options provided for both domestic and international participants. A live webcast will also be available on the company’s investor relations website. This quarter highlights Alico's ongoing role as a major player in the citrus industry.
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