ALICO INC
For the period ended May 6, 2024. Filed May 6, 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.
May 6, 2024 · Filed May 6, 2024
ALCO$37.09-0.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA
| (in thousands) | ||||
|---|---|---|---|---|
| Three Months EndedMarch 31, | Six Months EndedMarch 31, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net (loss) income attributable to Alico, Inc. common stockholders | $(15,804) | $(7,787) | $27,141 | $(10,937) |
| Interest expense, net | 508 | 1,274 | 2,018 | 2,422 |
| Income tax (benefit) provision | (4,970) | (534) | 10,582 | (1,617) |
| Depreciation, depletion and amortization | 3,798 | 3,897 | 7,602 | 7,847 |
| EBITDA | (16,468) | (3,150) | 47,343 | (2,285) |
| Non-GAAP Adjustments: | ||||
| Inventory net realizable value adjustment | 17,703 | 1,616 | 28,549 | 1,616 |
| Employee stock compensation expense (1) | 56 | 72 | 112 | 220 |
| Federal relief - Hurricane Irma | — | — | — | (1,266) |
| Insurance proceeds - Hurricane Ian | — | (4,759) | — | (4,759) |
| Gain on sale of property and equipment | (4) | (1,574) | (77,029) | (4,763) |
| Adjusted EBITDA | $1,287 | $(7,795) | $(1,025) | $(11,237) |
| (1) Includes stock compensation expense for current executives, senior management and other employees. | ||||
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