ALICO INC
For the period ended Aug 5, 2024. Filed Aug 5, 2024.
View on SEC.govAbout this filing
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 · (in thousands, except per share amounts)
(in thousands, except per share amounts)
| Three Months EndedJune 30, | Nine Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating revenues: | ||||
| Alico Citrus | $13,237 | $6,712 | $44,591 | $37,917 |
| Land Management and Other Operations | 373 | 572 | 1,117 | 1,249 |
| Total operating revenues | 13,610 | 7,284 | 45,708 | 39,166 |
| Operating expenses: | ||||
| Alico Citrus | 17,813 | (8,322) | 82,062 | 33,493 |
| Land Management and Other Operations | 84 | 104 | 346 | 300 |
| Total operating expenses | 17,897 | (8,218) | 82,408 | 33,793 |
| Gross (loss) profit | (4,287) | 15,502 | (36,700) | 5,373 |
| General and administrative expenses | 2,441 | 2,930 | 8,034 | 8,106 |
| (Loss) income from operations | (6,728) | 12,572 | (44,734) | (2,733) |
| Other expense, net: | ||||
| Interest income | 95 | — | 345 | — |
| Interest expense | (628) | (1,196) | (2,896) | (3,618) |
| Gain on property and equipment | 4,491 | 2,605 | 81,520 | 7,368 |
| Other income, net | — | 14 | — | 44 |
| Total other expense, net | 3,958 | 1,423 | 78,969 | 3,794 |
| (Loss) income before income taxes | (2,770) | 13,995 | 34,235 | 1,061 |
| Income tax (benefit) provision | (861) | 1,923 | 9,721 | 306 |
| Net (loss) income | (1,909) | 12,072 | 24,514 | 755 |
| Net (loss) income attributable to noncontrolling interests | (135) | (240) | 583 | 140 |
| Net (loss) income attributable to Alico, Inc. common stockholders | $(2,044) | $11,832 | $25,097 | $895 |
| Per share information attributable to Alico, Inc. common stockholders: | ||||
| Earnings per common share: | ||||
| Basic | $(0.27) | $1.56 | $3.29 | $0.12 |
| Diluted | $(0.27) | $1.56 | $3.29 | $0.12 |
| Weighted-average number of common shares outstanding: | ||||
| Basic | 7,624 | 7,605 | 7,620 | 7,599 |
| Diluted | 7,624 | 7,605 | 7,620 | 7,599 |
| Cash dividends declared per common share | $0.05 | $0.05 | $0.15 | $0.15 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.