Alico, Inc. Stock News

Alico, Inc. (NASDAQ:ALCO ) Q4 2024 Earnings Call Transcript December 2, 2024 8:30 AM ET Company Participants John Kiernan - President and CEO Brad Heine - CFO Operator Welcome to Alico's Fourth Quarter and Fiscal Year Ended 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

FORT MYERS, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- 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:

FORT MYERS, Fla., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the fourth quarter and full year ended September 30, 2024, on Monday, December 2, 2024 before market open.

Alico owns ~48,000 acres of citrus groves in Florida. Hurricane Milton likely damaged Alico's citrus groves for the upcoming 2025 season. However, the company's current valuation is low compared to the redevelopment potential of the citrus groves into residential real estate.

FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week.

Alico has an abundance of asset value hidden away in the land that it owns. If Alico completes an entitlement of its 4,500 acres at its Corkscrew grove site then the company could see its net asset value increase from $32.01 to $51.13 per share. The upcoming uncertainty surrounding the impacts of Hurricane Milton on Florida may present investors with buying opportunities in the days and weeks a...

FORT MYERS, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”) (Nasdaq: ALCO) announced that, effective September 17 2024, it has amended its Credit Agreement (the “Amendment”) with Metropolitan Life Insurance Company, and New England Life Insurance Company (collectively “MetLife”), which, among other things (i) increases the borrowing capacity under the revolving line of credit (th...

Florida land is becoming increasingly scarce and valuable, with Alico offering a cheap entry at $5,500 per acre. Alico's land value is estimated at $9,000 per acre, suggesting a 60% upside, but realizing this value could take years and face operational costs. Alico's citrus operations face challenges like Hurricane Ian damage and Citrus Greening, but improvements are expected with new deals, gr...