Group 1 - Alico, Inc. will participate in the inaugural LD Micro Summit, hosting one-on-one meetings with investors on February 3rd and 4th, 2025 [1] - Alico 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 [2] - Alico Citrus will cease operations after the 2024/2025 harvest due to environmental and financial challenges, while the company will focus on diversified land usage and real estate development [2]

FORT MYERS, Fla., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that John Kiernan, the Company's President and Chief Executive Officer, will present and host one-on-one meetings with investors at The Microcap Conference 2025, the premier event for growth-focused companies and investors. The conference will take place on Thursday, January 30th, 2025 in Atlantic City, NJ. Management will discuss the Company's recent developments, growth strategy, and in ...

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Alico (ALCO) is highlighted as a suitable candidate that passed through this screening process, showing a solid price increase of 27.4% over the past 12 weeks, reflecting investor confidence in its potential upside [4]. - The stock has also maintained a price increase of 24.6% over the past four weeks, confirming that the upward trend is still intact [5]. Group 2: Fundamental Strength and Ratings - ALCO is currently trading at 84.9% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. - The stock carries a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The Average Broker Recommendation for ALCO is 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Additional Insights - The article suggests that the price trend for ALCO is unlikely to reverse soon, and there are other stocks that also meet the criteria of the "Recent Price Strength" screen, encouraging investors to explore these options [8]. - It is noted that a successful stock-picking strategy should be backed by historical profitable results, which can be tested using the Zacks Research Wizard [9].

FORT MYERS, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that John Kiernan, the Company's President and Chief Executive Officer, will present and host one-on-one meetings with investors at the Sidoti Micro-Cap Virtual Conference, taking place on January 22nd and 23rd of 2025. The presentation will begin at 9:15AM EST on Wednesday, January 22, 2025 and can be accessed live here. Management will also host virtual one-on-one meetings with investor ...

Author Background - The author has 5 years of experience as a co-founder and hedge fund CIO/manager, and previously worked as a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager [1] - The author writes articles as part of their own due diligence on stocks they find interesting [1] Analyst's Position - The analyst holds a beneficial long position in ALCO shares through stock ownership, options, or other derivatives [2] - The article expresses the analyst's own opinions and they are not receiving compensation for it (other than from Seeking Alpha) [2] - The analyst has no business relationship with any company whose stock is mentioned in the article [2] Seeking Alpha's Disclosure - Seeking Alpha is not a licensed securities dealer, broker, or US investment adviser or investment bank [3] - Seeking Alpha's analysts are third-party authors that include both professional and individual investors who may not be licensed or certified by any institute or regulatory body [3]

FORT MYERS, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company’s President and Chief Executive Officer, will present at the 27th Annual ICR Conference being held on January 13-15, 2025 in Orlando, FL. The Company’s presentation will begin at 8:00 am Eastern time on Wednesday, January 15, 2025. The presentation will be webcast live and can be accessed through the “News / Events” tab on the investor relations website at ...

Company announces it will wind down its Alico Citrus division to focus on its long-term diversified land usage and real estate development strategy Conference call and webcast to discuss announcement at 8:30 am Eastern Time today FORT MYERS, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or “the Company”) (Nasdaq: ALCO), today announces a strategic transformation to become a diversified land company with each of its properties now expected to create profitable agricultural revenue opportuniti ...

Financial Data and Key Metrics Changes - For the fiscal year ended September 30, 2024, the company reported net income attributable to Alico common stockholders of $7 million, an increase from $1.8 million for the fiscal year ended September 30, 2023 [16] - The increase in net income was primarily due to a gain of $81.4 million from land sales compared to a gain of $11.4 million in the prior year, offset by a $19.5 million inventory impairment charge in the fourth quarter [17] - Earnings per diluted common share for the fiscal year ended September 30, 2024, were $0.91 compared to $0.24 for the fiscal year ended September 30, 2023 [18] Business Line Data and Key Metrics Changes - The company faced lower production levels for Early and Mid-Season and Valencia harvests, leading to a write-down of $28.5 million for the 2023-2024 harvest and $19.5 million for the 2024-2025 harvest [7] - The company treated nearly all producing trees with oxytetracycline (OTC) injections to combat citrus greening, with approximately 35% treated for a second consecutive year [9] Market Data and Key Metrics Changes - Alico entered a new three-year Orange Purchase Agreement with Tropicana, securing prices approximately 33% to 50% higher than the previous season [9] - The company reported an increase in other income net from $6.7 million in the prior year to $78.4 million, primarily due to increased land sales [20] Company Strategy and Development Direction - Alico is focused on operating income potential, protecting its balance sheet, and preserving capital to ensure financial resources for business investments [6] - The company is evaluating all properties to enhance and build value for shareholders, with a multi-year entitlement process for a 4,500-acre grove in Collier County underway [12][13] - Alico aims to provide investors with the benefits of conventional agricultural investments while leveraging active land management for enhanced optionality [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from Hurricane Ian, with production not returning to pre-Ian levels, and expressed uncertainty about the size of the 2025 crops [6] - Despite challenges, management remains optimistic about future success, citing a strong balance sheet and the potential for long-term value creation through real estate asset management [22] Other Important Information - The company completed the sale of 17,229 acres of Alico Ranch to the State of Florida for $77.6 million, using proceeds to repay outstanding borrowings and strengthen its balance sheet [11] - Alico has received grants to offset the costs of OTC injections, covering substantially all application costs incurred in fiscal year 2023 and approximately 35% of costs for fiscal year 2024 [10] Q&A Session Summary - The Q&A session was not detailed in the provided content, and thus no specific questions and answers can be summarized.

Land and Production - Alico owns approximately 53,371 acres of land in Florida, with 48,251 acres dedicated to citrus cultivation, representing 90.4% of total land holdings[17] - The total gross acres of citrus land owned and managed by the company is 48,251, with 34,060 classified as net plantable acres capable of producing fruit[35] - Alico extended a lease for approximately 637 acres, increasing citrus production acreage by about 2%[34] - The company has planted approximately 2,500,000 new trees since 2017 to increase grove density, with citrus trees typically becoming fruit-bearing four to five years after planting[37] Financial Performance - The company recognized a $19,549 inventory adjustment to reduce inventory to its net realizable value due to a significantly lower than anticipated harvest for the 2024-2025 season[22] - For the fiscal year ended September 30, 2024, sales to the processed market constituted 92.0% of Alico Citrus revenues, a decrease from 94.0% in the previous year[38] - Revenue from Tropicana represented 86.8% of consolidated revenue for the year ended September 30, 2024, up from 81.3% in 2023, primarily due to increased pound solids produced[55][56] - Revenues from Alico Citrus operations accounted for 96.6% of total operating revenues for the year ended September 30, 2024[43] - Revenues generated from grove management services increased from 3.2% in 2023 to 6.3% in 2024 of total citrus revenues[42] - The company recognized a gain of $77,025 from the sale of approximately 17,556 acres of the Alico Ranch during the year ended September 30, 2024[47] Risk Factors - Alico's citrus business is subject to various risks, including adverse weather conditions and disease, which could significantly affect financial performance[14] - The company is evaluating the impact of Hurricane Ian on production levels, which have not returned to pre-Ian levels[22] - Hurricane Milton caused minimal tree damage but resulted in measurable fruit drop, particularly in Polk and Hardee County[21] Agreements and Contracts - Alico entered a new three-year Orange Purchase Agreement with Tropicana, with prices approximately 33% to 50% higher than the previous season's average[25] - The Florida Citrus Commission reduced the minimum Brix value for oranges harvested, potentially increasing the amount of fruit acceptable to processors[20] Corporate Governance and Community Engagement - The company aims to maximize stockholder value through improving returns on invested capital and opportunistic monetization strategies[49] - The company is committed to societal well-being, having provided cash grants and donations to support community health, safety, and education initiatives over the past year[76] - Reports filed with the SEC are available on the company's investor relations website, ensuring transparency and accessibility of financial information[77] - The company qualifies as a smaller reporting company and is not required to provide certain market risk disclosures[258] Employee and Operational Insights - The company employs a total of 199 employees across various divisions, with 175 in Alico Citrus and 24 in Corporate, General, Administrative, and Other[73] - The company owns and maintains 38 residential housing units in Florida, providing affordable housing to employees, which helps reduce commuting times[74] - Raw materials for crop cultivation, including fertilizers, herbicides, insecticides, and fuel, are readily available from local suppliers without long-term commitments[75] Treatment and Mitigation Efforts - The company treated approximately 4.5 million producing trees with Oxytetracycline Hydrochloride to mitigate the impacts of citrus greening[27] - The average pound solids per box decreased from 5.02 in 2023 to 4.83 in 2024[39] - Alico amended its Credit Agreement, increasing the revolving line of credit from $25,000 to $95,000, extending the maturity date to May 1, 2034[24]

Exhibit 99.1 Alico, Inc. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024 Fort Myers, FL, December 2, 2024 - Alico, Inc. ("Alico" or the "Company," "we," "us" or "our") (Nasdaq: ALCO) today announces financial results for the fourth quarter and fiscal year ended September 30, 2024, the highlights of which are as follows: • The Company reports net income attributable to Alico, Inc. common stockholders of $7.0 million and EBITDA of $29.7 million for the fiscal year e ...