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) operates across Florida's agricultural landscape through citrus production, sugarcane cultivation, and cattle ranching. The company's news coverage reflects the multifaceted nature of running diversified agricultural operations, from quarterly financial results that break down performance across crop divisions to announcements about land management initiatives and strategic partnerships.
For investors tracking Alico, the news feed provides insight into how this agricultural company navigates commodity markets, manages extensive Florida acreage, and responds to industry-specific challenges. Financial results announcements reveal segment performance across citrus, sugarcane, and cattle operations, while regulatory filings document material business developments. The company also appears at agricultural and small-cap investment conferences, where management discusses operational strategies and market positioning.
Key news categories for Alico include earnings reports detailing how weather patterns and market conditions affect agricultural production, credit facility updates that reflect the capital requirements of farming operations, and partnerships with state agencies focused on resource conservation. The company's announcements often address operational matters specific to Florida agriculture, including crop management techniques and land stewardship programs.
Following Alico's news helps investors understand the operational realities of multi-commodity agricultural businesses. Unlike single-crop operations, Alico's diversified model means news often addresses distinct challenges and opportunities across different agricultural divisions. Bookmark this page to track developments in this Florida-based agribusiness company.
Alico, Inc. (Nasdaq: ALCO) announced the release of its financial results for the second quarter ended March 31, 2023, scheduled for May 4, 2023, before market open. A conference call will follow at 8:30 AM ET on the same day to discuss these results. Interested participants can join the call by dialing 1-888-886-7786 (U.S.) or 1-416-764-8658 (international), using the participant ID 10649055. A replay will be available approximately three hours after the call, lasting until May 18, 2023.
Alico operates two main divisions: Alico Citrus, a leading citrus producer, and Alico Land Management, which includes environmental services and land leasing. Further details can be found on their website.
Alico, Inc. (ALCO) reported a net loss of $3.2 million for the fiscal quarter ending December 31, 2022, a significant decline from a net income of $10.1 million in the same period last year. Adjusted EBITDA for this quarter was negative $3.4 million, compared to positive $2.4 million in the prior year. The company sold approximately 609 acres for $3.3 million but anticipates lower production and revenue due to Hurricane Ian's adverse effects. Working capital remains strong at $27.3 million, with a 3.67 to 1.00 ratio, despite rising operating costs. Alico paid a cash dividend of $0.05 per share on January 13, 2023.
Alico, Inc. (Nasdaq: ALCO) will announce its financial results for the first quarter ending December 31, 2022, on February 6, 2023, before market opening. A conference call to discuss these results will follow at 8:30 AM Eastern Time on the same day. Interested participants can join by calling 1-877-407-0792 (U.S.) or 1-201-689-8263 (international) with the participant ID 13735632. A replay of the call will be available shortly after the conclusion until February 20, 2023. Alico operates divisions in citrus production and land management, positioning itself as a significant player in these sectors.
Alico, Inc. (Nasdaq: ALCO) reported fiscal year 2022 results, showing net income of $12.5 million and EBITDA of $32.1 million. Adjusted net loss was $1.6 million, primarily due to $23 million in losses from Hurricane Ian. The company sold 9,400 acres of Alico Ranch for $41.9 million, returning $15 million to shareholders. However, income decreased significantly compared to the prior year, attributed to weather impacts and lower citrus production, with earnings per share dropping to $1.65 from $4.64. Alico has not provided guidance for fiscal 2023 due to ongoing uncertainties.
Alico, Inc. (Nasdaq: ALCO) will announce its financial results for Q4 and the full year ending September 30, 2022, on December 13, 2022, after market close. A conference call will be held to discuss these results at 4:30 PM Eastern Time on the same day. Interested participants can join the call by dialing 1-877-407-0792 in the U.S. or 1-201-689-8263 internationally. A replay will be available after the call until December 27, 2022. Alico operates primarily in citrus production and land management.
Alico, Inc. (Nasdaq: ALCO) announced on December 6, 2022, a delay in reporting its financial results for the period ending September 30, 2022, due to the need for further evaluation of its Deferred Tax Liability. This review may impact prior fiscal years, potentially adjusting the Deferred Tax Liability and Retained Earnings. While a filing extension for its Form 10-K is uncertain, the company remains optimistic about completing its evaluation before the deadline. Alico operates two divisions: Alico Citrus and Land Management.
Alico, Inc. (Nasdaq: ALCO) has announced the postponement of its 2022 Year-end Earnings Call, originally scheduled for December 6, 2022, at 8:30 AM. The delay is due to the need for additional time to complete the audit of its financial results for the period ending September 30, 2022, by its independent registered public accounting firm.
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