secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0000003545-24-000127
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alico reports Q4 net loss of $18.1M, fiscal year net income of $7.0M on land sales
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- Q4 net loss of $18.1M ($2.38 loss per share) vs. $0.9M income year ago; revenue $0.9M.
- Fiscal year revenue $46.6M (+17% YoY); net income $7.0M ($0.91 EPS) vs. $1.8M.
- Recorded $19.5M inventory impairment on lower 2024-2025 harvest estimates.
- Sold ~18,354 acres for $86.2M gross proceeds during fiscal year.
- Amended MetLife credit agreement: RLOC increased to $95M, maturity extended to 2034.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354524000127/0000003545-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354524000127/alco-20241202.htm
  HTML page:      https://secwatch.observer/filing/0000003545-24-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer