Alico, Inc. (NASDAQ:ALCO) Q3 2024 Results Conference Call August 6, 2024 8:30 AM ET Company Participants John Kiernan - President & Chief Executive Officer Brad Heine - Chief Financial Officer Operator Welcome to Alico's Third Quarter 2024 Conference Call. [Operator Instructions] As a reminder today's conference is being recorded. Last night, the company issued a press release announcing its results for the third quarter ended June 30, 2024. If you have not had a chance to review the release, it is availabl ...

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 June 30, 2024 or ALICO, INC. (Exact name of registrant as specified in its charter) Florida 59-0906081 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 10070 Daniels Interstate Court Suite 200 Fort Myers FL 33913 (Address of principal execu ...

Exhibit 99.1 Alico, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 30, 2024 Fort Myers, FL, August 5, 2024 - Alico, Inc. ("Alico", the "Company", "we", "us" or "our") (Nasdaq: ALCO) today announced financial results for the third quarter of fiscal year 2024 and the nine months ended June 30, 2024, the highlights of which are as follows: • The Company previously announced that it entered a new three-year agreement to sell oranges to Tropicana at prices that are approximatel ...

James O'Neil/DigitalVision via Getty Images Times aren't the easiest for discount-minded value investors. With the stock market surging, almost all of the traditional value plays are trading at higher multiples than they usually are, and floating around 52-week highs. That's not to say there aren't still deals to be had, but we have to look harder to find them. Today, we're going to be looking at a stock that has been popping up in a lot of my screens lately, Alico. Inc (NASDAQ:ALCO). The company is a citru ...

FORT MYERS, Fla., July 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 June 30, 2024, on Monday, August 5, after the market close. The Company will host a conference call to discuss its financial results on Tuesday, August 6, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-5172 in the United States and 1-203-518-9856 from outside of the ...

Core Viewpoint - Alico, Inc. has entered into a new supply agreement with Tropicana Brands Group, effective from June 5, 2024, to July 31, 2027, which will significantly increase the pricing for citrus fruit supplied to Tropicana compared to previous agreements [1][2]. Group 1: Agreement Details - The new supply agreement covers approximately 65% of Alico's currently planted acres, succeeding existing agreements that expire at the end of July 2024 [1]. - The prices per pound solids for the citrus fruit sold to Tropicana under the new contract are projected to be approximately 33% to 50% higher than the average price from the previous season [1]. Group 2: Company Background - Alico, Inc. primarily operates 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 operations [3]. Group 3: Management Commentary - John Kiernan, Alico's President and CEO, expressed satisfaction with the extended relationship with Tropicana, emphasizing a commitment to addressing challenges in the Florida citrus industry with a long-term focus [2]. - The new supply agreement, along with the existing contract, ensures more stable pricing for the majority of Alico's citrus fruit over the upcoming seasons [2].

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 ...