FORT MYERS, Fla., April 01, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or "the Company") (NASDAQ:ALCO) today announced it has entered into an Amendment No. 7 (the "Amendment") to the First Amended and Restated Credit Agreement, between the Company, and by MetLife Investment Management, LLC for each of Metropolitan Life Insurance Company and New England Life Insurance Company, dated as of December 1, 2014 and as amended to date (collectively, the "Credit Agreement"). The Amendment, which became effective March 31, 2025, adjusts certain financial covenants to support the Company's evolving business model as it progresses through its strategic transformation. Among other items, the Amendm

FORT MYERS, Fla., March 26, 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 15th Annual LD Micro Invitational. This event will take place at The Westin Grand Central in New York on April 9 and 10, 2025. Alico's presentation will begin at 9:00AM ET on Thursday, April 10, 2025. Management will also host one-on-one meetings with investors on Thursday, April 10, 2025. This year's LD Micro Invitational is expected to feature presentations from 50 companies, with the opportunity for private one-on-one meetings. Ali

FORT MYERS, Fla., March 13, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or "the Company") (NASDAQ:ALCO) today announced a major milestone in its strategic transformation with the filing of a development application for the first of two villages ("Corkscrew Grove East Village") in what will ultimately be a 3,000-acre-master-planned community in northwest Collier County. There will be an additional 6,000 acres of land in Collier County that Alico will set aside for permanent conservation, highlighting Alico's commitment to balanced development and environmental stewardship. The application referred to as "Corkscrew Grove Villages", represents a key component in the implementation of the Co

Roth Capital reiterated coverage of Alico with a rating of Buy and set a new price target of $44.00 from $40.00 previously

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FORT MYERS, Fla., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Alico, Inc. (NASDAQ:ALCO, ", Alico", or ", the Company", ))), an agriculture and land management company, today announced the departure of Perry G. Del Vecchio as the Company's Chief Financial Officer, effective as of August 16, 2023, and the hiring and appointment of Bradley Heine as his replacement, effective as of today, August 16, 2023. As the new Chief Financial Officer, principal financial officer, and principal accounting officer for Alico, Mr. Heine will be responsible for all corporate finance, treasury and accounting functions of the Company and will report directly to John Kiernan, the Company's President and Chief Executive O

FORT MYERS, Fla., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. (NASDAQ:ALCO, ", Alico", or ", the Company", ))), an agriculture and land management company, today announced the hiring and appointment of Perry G. Del Vecchio as the Company's Chief Financial Officer, effective as of September 6, 2022. Mr. Del Vecchio will be responsible for all corporate finance, treasury and accounting functions of the Company and will report directly to John Kiernan, the Company's President and Chief Executive Officer. "We are very pleased to have Perry join Alico's senior leadership team as our CFO," said Mr. Kiernan. "Perry's background as a senior finance leader for a $6 billion division of a Fortun

FORT MYERS, Fla., April 01, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or "the Company") (NASDAQ:ALCO) today announced it has entered into an Amendment No. 7 (the "Amendment") to the First Amended and Restated Credit Agreement, between the Company, and by MetLife Investment Management, LLC for each of Metropolitan Life Insurance Company and New England Life Insurance Company, dated as of December 1, 2014 and as amended to date (collectively, the "Credit Agreement"). The Amendment, which became effective March 31, 2025, adjusts certain financial covenants to support the Company's evolving business model as it progresses through its strategic transformation. Among other items, the Amendm

FORT MYERS, Fla., March 13, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or "the Company") (NASDAQ:ALCO) today announced a major milestone in its strategic transformation with the filing of a development application for the first of two villages ("Corkscrew Grove East Village") in what will ultimately be a 3,000-acre-master-planned community in northwest Collier County. There will be an additional 6,000 acres of land in Collier County that Alico will set aside for permanent conservation, highlighting Alico's commitment to balanced development and environmental stewardship. The application referred to as "Corkscrew Grove Villages", represents a key component in the implementation of the Co

FORT MYERS, Fla., March 03, 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 host one-on-one meetings with investors at the 37th Annual ROTH Conference at the Laguna Cliffs Marriott in Dana Point, California on March 17 and 18, 2025. Management will provide an update on the execution of Alico's recently announced strategic transformation, including: Progress on transitioning to a diversified land management company, with estimated portfolio value of $650-$750 millionPlans for monetizing select land assets, with $20 million in transactions expected to close in fiscal 2

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