Alico reports FY2023 net income $1.8M vs $12.5M; adjusted net loss $(24.5)M

ALICO, INC.

Diluted EPS $0.24 vs $1.65 YoY; adjusted diluted EPS loss $(3.23).
Adjusted EBITDA $(16.1)M vs $13.4M in FY2022, driven by cost inflation and lower box production.
Sold ~2,255 acres for $12M; working capital ratio 3.90:1, debt ratio 0.30:1.
Hurricane Ian recovery ongoing; $70M undrawn credit available.
Revenue decline from lower harvest volumes plus higher fertilizer, labor, and fuel costs.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALICO, INC. reported fourth quarter and fiscal year ended September 30, 2023 results: net income $1.8 million, EPS $0.24 per diluted common share.

Period: fourth quarter and fiscal year ended September 30, 2023
Net income: $1.8 million
EPS: $0.24 per diluted common share
Result: preliminary results

Exact text from the filing

Alico, Inc. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2023

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168 earnings releases filed in the last 30 days. Browse all earnings releases →

ALICO, INC. filing history →

Source: SEC EDGAR

accession 0000003545-23-000028

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