Core Insights - Alico, Inc. has entered into a new supply agreement with Tropicana Brands Group, effective from June 5, 2024, to July 31, 2027, which will replace existing agreements expiring in July 2024 [1][2] - The new agreement will cover approximately 65% of Alico's currently planted acres and will provide prices per pound solids that are 33% to 50% higher than the average prices from the previous season [1] - Alico maintains another supply contract with Tropicana that will continue through the 2024-25 harvest season [1] Company Overview - Alico, Inc. operates primarily through two divisions: Alico Citrus, one of the largest citrus producers in the U.S., and Land Management and Other Operations, which includes land leasing and related support services [3]

FORT MYERS, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico") has announced that Mitch Hutchcraft is joining the company in a newly created position as Executive Vice President of Real Estate, effective as of today. In 2022, Alico began a process to analyze the long-term potential for its approximately 54,500 acres of real estate located in seven counties throughout Florida. As a publicly held company, Alico seeks to provide its investors with the benefits and stability of a conventional agricult ...

FORT MYERS, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”) has announced that Mitch Hutchcraft is joining the company in a newly created position as Executive Vice President of Real Estate, effective as of today. In 2022, Alico began a process to analyze the long-term potential for its approximately 54,500 acres of real estate located in seven counties throughout Florida. As a publicly held company, Alico seeks to provide its investors with the benefits and stability of a conventional agricult ...

Blueplace/E+ via Getty Images With Alico (NASDAQ:ALCO) recently reporting fiscal second-quarter results, I thought it would be timely to take another look at the company, as it has been several months since I last wrote about Alico. Since my last article, we are well on our way into the 2023/2024 citrus-grove harvest, which should start to see improvements from the Hurricane Ian-induced weakness. Furthermore, the company recently sold off the Alico ranch lands in December, leaving the business as a pure-pla ...

Alico, Inc. (NASDAQ:ALCO) Q2 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants John Kiernan - President & Chief Executive Officer Brad Heine - Chief Financial Officer Conference Call Participants Gerry Sweeney - ROTH Capital Operator Welcome to Alico's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder, today's conference is being recorded. Last night, the company issued a press release announcing its results for the ...

Alico (ALCO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 285.71%. A quarter ago, it was expected that this agribusiness and land management company would post a loss of $0.28 per share when it actually produced a loss of $2.34, delivering a surprise of -735.71%.Over the last ...

FORT MYERS, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico", the "Company", "we", or "our") (NASDAQ:ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows: Revenues of $32.1 million for the six months ended March 31, 2024 were relatively flat as compared to $31.9 million in the six months ended March 31, 2023.Net income attributable to Alico, Inc. common stockholders of $27.1 million and E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 or o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________________ to _________________________ Commission File Number: 0-261 ALICO, INC. (Exact name of registrant as specified in its charter) Secur ...

Exhibit 99.1 Alico, Inc. Announces Financial Results for the Second Quarter and Six Months Ended March 31, 2024 Fort Myers, FL, May 6, 2024 - Alico, Inc. ("Alico", the "Company", "we", or "our") (Nasdaq: ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows: | | | | | Three Months Ended March 31, | | | | | | Six Months Ended March 31, | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

FORT MYERS, Fla., April 22, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that the Company will release financial results for the quarter ended March 31, 2024, on Monday, May 6, after the market close. The Company will host a conference call to discuss its financial results on Tuesday, May 7, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-888-886-7786 in the United States and 1-416-764-8658 from outside of the Unite ...