ALICO INC
For the period ended Aug 5, 2024. Filed Aug 5, 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.
Aug 5, 2024 · Filed Aug 5, 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) · (Unaudited) · (Unaudited) | ||||
|---|---|---|---|---|
| Three Months EndedJune 30, | Nine Months EndedJune 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net (loss) income attributable to Alico, Inc. common stockholders | $(2,044) | $11,832 | $25,097 | $895 |
| Interest expense, net | 533 | 1,196 | 2,551 | 3,618 |
| Income tax (benefit) provision | (861) | 1,923 | 9,721 | 306 |
| Depreciation, depletion and amortization | 3,715 | 3,838 | 11,317 | 11,685 |
| EBITDA | 1,343 | 18,789 | 48,686 | 16,504 |
| Non-GAAP Adjustments: | ||||
| Inventory net realizable value adjustment | — | — | 28,549 | 1,616 |
| Employee stock compensation expense (1) | 57 | 61 | 169 | 281 |
| Federal relief - Hurricane Irma | — | (49) | — | (1,315) |
| Insurance proceeds - Hurricane Ian | (299) | (17,482) | (299) | (22,241) |
| Gain on sale of property and equipment | (4,491) | (2,605) | (81,520) | (7,368) |
| Adjusted EBITDA | $(3,390) | $(1,286) | $(4,415) | $(12,523) |
| (1) Includes stock compensation expense for current executives, senior management and other employees. | ||||
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