Alico, Inc., together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets. The Land Management and Other Operations segment owns and manages land in Collier, Glades, and Hendry Counties; and leasing of land for recreational and grazing purposes, conservation, and mining activities. As of September 30, 2020, it owned 99,760 acres of land located in eight counties in Florida, which include the Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, and Polk. The company was founded in 1960 and is headquartered in Fort Myers, Florida.
IPO Year:
Exchange: NASDAQ
Website: alicoinc.com
Date | Price Target | Rating | Analyst |
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8/6/2021 | $40.00 → $44.00 | Buy | Roth Capital |
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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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Land Management and Other Operations Revenue Increased 45% Compared to Prior Year Robust Liquidity Position with $73.5 million in Available Credit Facilities and No Significant Debt Maturities Until 2029 Company Expects to Realize Approximately $20 Million in Land Sales in Fiscal Year 2025 Company Executing Strategic Transformation to Become Diversified Land Company; Concludes Capital Investment on Citrus Operations After Current Crop is Harvested in 2025 FORT MYERS, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico", the "Company", "we", "us" or "our") (NASDAQ:ALCO) today announced financial results for the first quarter ended December 31, 2024. Management Comments John K
FORT MYERS, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that the Company will release financial results for the first quarter ended December 31, 2024, on Wednesday, February 12, 2025 after market close. The Company will host a conference call to discuss its financial results on Thursday, February 13, 2025, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-4849 in the United States and 1-203-518-9848 from outside of the United States. The participant identification to join the conference call is ALICO. A telephone replay will be available on Thursday, February 13, 2025, approximate
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 opportunities that are not citrus-related until the Highest and Best Use ("HBU") for these acres can be realized. Alico owns approximately 53,371 acres of land across eight counties in Flo
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: 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 ended September 30, 2024. After adjusting for certain non-recurring items, the Company reports Adjusted EBITDA of $(3.8) million for the year ended September 30, 2024.Land sales continued during the 2024 fiscal year, with the Company selling approximately 18,354 acre
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. The Company will host a conference call to discuss its financial results on Monday, December 2, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-225-9448 in the United States and 1-203-518-9708 from outside of the United States. The participant identification to join the conference call is ALICO. A telephone replay will be available on Monday, December 2, 2024, appro
FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week. Most importantly, we are grateful that none of our approximately 197 employees were casualties from this devastating storm in Florida last week. The full impact of Hurricane Milton on Alico's assets and operations is still being assessed at this time, but we believe the lessons learned over the past century, especially since Hurricane Irma in 2017 and Ian in 2022, allowed us to be better prepared prior to landfall and to more rapidly begin recovery after impact. Our disaster programs and protocols, our dedicated workforce, and exp
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 (the "RLOC") from $25 million to $95 million and (ii) now extends the maturity date of the RLOC to May 1, 2034. The RLOC is secured by real property, consisting of approximately 36,800 gross acres of citrus land. In addition, in connection with the Amendment, the Company paid off its current borrowings u
FORT MYERS, Fla. , Aug. 05, 2024 (GLOBE NEWSWIRE) -- 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 approximately 33% to 50% higher, over the life of the contract, than the average price for all the citrus fruit sold to Tropicana last season.The Company has now treated substantially all of its producing trees with Oxytetracycline ("OTC") and anticipates that these 4.5 million trees will s
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 United States. The participant identification to join the conference call is ALICO. A telephone replay will be available on August 6, 2024, approximately three hours after the call conc
FORT MYERS, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that it entered into a new agreement with its largest customer to supply citrus fruit. This agreement is effective June 5, 2024 through July 31, 2027, subject to its terms and conditions. This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on approximately 65% of Alico's currently planted acres to Tropicana Brands Group ("Tropicana") at prices per pound solids that are approximately 33% to 50% higher over the term of the contract than the average price for all the citr
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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
Land Management and Other Operations Revenue Increased 45% Compared to Prior Year Robust Liquidity Position with $73.5 million in Available Credit Facilities and No Significant Debt Maturities Until 2029 Company Expects to Realize Approximately $20 Million in Land Sales in Fiscal Year 2025 Company Executing Strategic Transformation to Become Diversified Land Company; Concludes Capital Investment on Citrus Operations After Current Crop is Harvested in 2025 FORT MYERS, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico", the "Company", "we", "us" or "our") (NASDAQ:ALCO) today announced financial results for the first quarter ended December 31, 2024. Management Comments John K
FORT MYERS, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that the Company will release financial results for the first quarter ended December 31, 2024, on Wednesday, February 12, 2025 after market close. The Company will host a conference call to discuss its financial results on Thursday, February 13, 2025, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-4849 in the United States and 1-203-518-9848 from outside of the United States. The participant identification to join the conference call is ALICO. A telephone replay will be available on Thursday, February 13, 2025, approximate
FORT MYERS, Fla., Jan. 28, 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 inaugural LD Micro Summit, a private, invite-only event designed to showcase a hand-picked group of dynamic companies. The conference will take place on Monday, February 3rd and Tuesday, February 4th, 2025 in Fort Lauderdale, FL. To register for the conference or one-on-one meeting, visit here. About Alico Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation's largest citrus producers, and Land Management and Oth
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 investment opportunities. To register for the conference or one-on-one meeting, visit https://themicrocapconference.com/tickets/. About Alico Alico, Inc. currently operates two division
NEW YORK, NY / ACCESS Newswire / January 21, 2025 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day January Micro-Cap Conference taking place Wednesday and Thursday, January 22-23, 2025. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.Presentation Schedule*All Times ESTWednesday, January 22, 2025 (Day 1)8:30-9:00Rectitude Holdings Ltd (RECT)*****9:15-9:45Rezolve AI (RZLV)Alico (ALCO)10:00-10:30Harvard Bioscience (HBIO)Flotek Industries (FTK)10:45-11:15Amesite Inc. (AMST)*****11:30-12:00*****Forum Energy Technologies Inc (FET)12:15-12
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 investors on Wednesday, January 22nd and Thursday, January 23rd, 2025. To register for the presentation or one-on-one meeting, visit www.sidoti.com/events. About Alico Alico, Inc. currently o
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 https://ir.alicoinc.com. The Company will also be participating in one-on-one and small group meetings. About Alico Alico, Inc. currently operates two divisions: Alico Citrus, current
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 opportunities that are not citrus-related until the Highest and Best Use ("HBU") for these acres can be realized. Alico owns approximately 53,371 acres of land across eight counties in Flo
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: 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 ended September 30, 2024. After adjusting for certain non-recurring items, the Company reports Adjusted EBITDA of $(3.8) million for the year ended September 30, 2024.Land sales continued during the 2024 fiscal year, with the Company selling approximately 18,354 acre
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. The Company will host a conference call to discuss its financial results on Monday, December 2, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-225-9448 in the United States and 1-203-518-9708 from outside of the United States. The participant identification to join the conference call is ALICO. A telephone replay will be available on Monday, December 2, 2024, appro