---
schema_version: "secwatch.filing_event.v1"
accession: "0000003545-23-000028"
form_type: "8-K"
ticker: "ALCO"
cik: "0000003545"
company_name: "ALICO, INC."
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:32:58.344622+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000003545-23-000028
- form_type: 8-K
- ticker: ALCO
- cik: 0000003545
- company_name: ALICO, INC.
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3545/000000354523000028/0000003545-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3545/000000354523000028/alco-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003545-23-000028
- JSON: https://secwatch.observer/filing/0000003545-23-000028.json
- Plain text: https://secwatch.observer/filing/0000003545-23-000028.txt

## Key facts
- Earnings Releases
  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
  source text: Alico, Inc. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/3545/000000354523000028/0000003545-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.