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 · (in thousands, except per share amounts)
(in thousands, except per share amounts)
| Three Months EndedMarch 31, | Six Months EndedMarch 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating revenues: | ||||
| Alico Citrus | $17,762 | $20,937 | $31,354 | $31,205 |
| Land Management and Other Operations | 351 | 357 | 744 | 677 |
| Total operating revenues | 18,113 | 21,294 | 32,098 | 31,882 |
| Operating expenses: | ||||
| Alico Citrus | 36,142 | 27,520 | 64,249 | 41,815 |
| Land Management and Other Operations | 129 | 102 | 262 | 196 |
| Total operating expenses | 36,271 | 27,622 | 64,511 | 42,011 |
| Gross profit | (18,158) | (6,328) | (32,413) | (10,129) |
| General and administrative expenses | 2,321 | 2,667 | 5,593 | 5,176 |
| Loss from operations | (20,479) | (8,995) | (38,006) | (15,305) |
| Other income (expense), net: | ||||
| Interest income | 155 | — | 250 | — |
| Interest expense | (663) | (1,274) | (2,268) | (2,422) |
| Gain on property and equipment | 4 | 1,574 | 77,029 | 4,763 |
| Other income, net | — | 30 | — | 30 |
| Total other income (expense), net | (504) | 330 | 75,011 | 2,371 |
| (Loss) income before income taxes | (20,983) | (8,665) | 37,005 | (12,934) |
| Income tax (benefit) provision | (4,970) | (534) | 10,582 | (1,617) |
| Net (loss) income | (16,013) | (8,131) | 26,423 | (11,317) |
| Net loss attributable to noncontrolling interests | 209 | 344 | 718 | 380 |
| Net (loss) income attributable to Alico, Inc. common stockholders | $(15,804) | $(7,787) | $27,141 | $(10,937) |
| Per share information attributable to Alico, Inc. common stockholders: | ||||
| (Loss) earnings per common share: | ||||
| Basic | $(2.07) | $(1.02) | $3.56 | $(1.44) |
| Diluted | $(2.07) | $(1.02) | $3.56 | $(1.44) |
| Weighted-average number of common shares outstanding: | ||||
| Basic | 7,620 | 7,599 | 7,618 | 7,596 |
| Diluted | 7,620 | 7,599 | 7,618 | 7,596 |
| Cash dividends declared per common share | $0.05 | $0.05 | $0.10 | $0.10 |
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