---
schema_version: "secwatch.filing_event.v1"
accession: "0000003545-24-000065"
form_type: "8-K"
ticker: "ALCO"
cik: "0000003545"
company_name: "ALICO, INC."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:33:21.903312+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Alico Q2 loss deepens to $15.8M; writes down $17.7M in citrus inventory

## Summary
- Q2 net loss $15.8M vs $7.8M prior; diluted EPS -$2.07.
- Six-month revenue flat at $32.1M; net income $27.1M vs prior loss $10.9M.
- Inventory write-down of $17.7M from Hurricane Ian impact on Valencia harvest.
- Agreement to sell 780 acres for ~$7.0M ($9k/acre) with option on 680 more; close expected July 2024.
- Adjusted EBITDA $1.3M in Q2 (vs -$7.8M) but six-month adjusted EBITDA -$1.0M.

## SEC filing metadata
- accession: 0000003545-24-000065
- form_type: 8-K
- ticker: ALCO
- cik: 0000003545
- company_name: ALICO, INC.
- filed_at: 2024-05-06T23:59:59+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/3545/000000354524000065/0000003545-24-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3545/000000354524000065/alco-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003545-24-000065
- JSON: https://secwatch.observer/filing/0000003545-24-000065.json
- Plain text: https://secwatch.observer/filing/0000003545-24-000065.txt

## Key facts
- Earnings Releases
  ALICO, INC. reported three and six months ended March 31, 2024 results: revenue $32.1 million, net income $27.1 million.
  - Period: three and six months ended March 31, 2024
  - Revenue: $32.1 million
  - Net income: $27.1 million
  - Result: reported results
  source text: ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows: • Revenues of $32.1 million for the six months ended March 31, 2024 were relatively flat as compared to $31.9 million in the six months ended March 31, 2023. • Net income attributable to Alico, Inc. common
  evidence_url: https://www.sec.gov/Archives/edgar/data/3545/000000354524000065/0000003545-24-000065-index.htm

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