Alico, Inc. Announces Financial Results for the Second Quarter and Six Months Ended March 31, 2024
Alico, Inc. (ALCO)
US:NASDAQ Investor Relations:
ir.stockpr.com/alicoinc/investor-home
Company Research
Source: GlobeNewswire
FORT MYERS, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”, the “Company”, “we”, or “our”) (Nasdaq: ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows: Revenues of $32.1 million for the six months ended March 31, 2024 were relatively flat as compared to $31.9 million in the six months ended March 31, 2023.Net income attributable to Alico, Inc. common stockholders of $27.1 million and EBITDA of $47.3 million for the six months ended March 31, 2024. After adjusting for certain items, the Company reports Adjusted EBITDA of $(1.0) million for the six months ended March 31, 2024.Lower than anticipated box production for the Valencia Harvest, as the Company continues to recover from the effects of Hurricane Ian, resulted in an inventory write-down of $17.7 million for the quarter ended March 31, 2024.Trees treated with Oxytetracycline (“OTC”) demonstrate an increas
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ALCO
News
- Alico, Inc. (NASDAQ: ALCO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Florida's citrus industry continues to feel the squeeze [CBS News]CBS News
- Alico, Inc. (NASDAQ:ALCO) Consensus Forecasts Have Become A Little Darker Since Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Florida's citrus growers feeling the squeeze after latest forecast [Yahoo! Finance]Yahoo! Finance
- Investors in Alico (NASDAQ:ALCO) have seen returns of 19% over the past year [Yahoo! Finance]Yahoo! Finance
ALCO
Earnings
- 5/6/24 - Miss
ALCO
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/29/24 - Form 8-K
- ALCO's page on the SEC website