ALICO INC
For the period ended Feb 7, 2024. Filed Feb 7, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Feb 7, 2024 · Filed Feb 7, 2024
ALCO$37.09-0.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share amounts)
(in thousands, except per share amounts)
| Three Months EndedDecember 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating revenues: | ||
| Alico Citrus | $13,592 | $10,268 |
| Land Management and Other Operations | 393 | 320 |
| Total operating revenues | 13,985 | 10,588 |
| Operating expenses: | ||
| Alico Citrus | 28,107 | 14,295 |
| Land Management and Other Operations | 133 | 94 |
| Total operating expenses | 28,240 | 14,389 |
| Gross profit | (14,255) | (3,801) |
| General and administrative expenses | 3,272 | 2,509 |
| Loss from operations | (17,527) | (6,310) |
| Other income (expense), net: | ||
| Interest income | 95 | — |
| Interest expense | (1,605) | (1,148) |
| Gain on sale of real estate, property and equipment and assets held for sale | 77,025 | 3,189 |
| Total other income (expense), net | 75,515 | 2,041 |
| Income (loss) before income taxes | 57,988 | (4,269) |
| Income tax provision (benefit) | 15,552 | (1,083) |
| Net income (loss) | 42,436 | (3,186) |
| Net loss attributable to noncontrolling interests | 509 | 36 |
| Net income (loss) attributable to Alico, Inc. common stockholders | $42,945 | $(3,150) |
| Per share information attributable to Alico, Inc. common stockholders: | ||
| Earnings per common share: | ||
| Basic | $5.64 | $(0.41) |
| Diluted | $5.64 | $(0.41) |
| Weighted-average number of common shares outstanding: | ||
| Basic | 7,616 | 7,593 |
| Diluted | 7,616 | 7,593 |
| Cash dividends declared per common share | $0.05 | $0.05 |
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