Alico reports Q1 net loss of $3.2M; EPS -$0.41 vs prior year income $10.1M

ALICO, INC.

2023-Q1 EPS reported -$0.41 revenue$10,588,000

Net loss of $3.2M ($0.41 diluted loss) vs net income of $10.1M ($1.34 diluted) a year ago.
EBITDA fell to $0.9M from $11.6M; Adjusted EBITDA was negative $3.4M.
Sold 609 acres of Alico Ranch for $3.3M during the quarter.
Hurricane Ian accelerated fruit drop, lowering Early and Mid-Season box production.
Working capital remained strong at $27.3M despite the loss.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALICO, INC. reported the fiscal quarter ended December 31, 2022 results: net income net loss attributable to Alico common stockholders of approximately $3.2 million, EPS ($0.41) per diluted common share.

Period: the fiscal quarter ended December 31, 2022
Net income: net loss attributable to Alico common stockholders of approximately $3.2 million
EPS: ($0.41) per diluted common share
Result: reported results

Exact text from the filing

Alico, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended December 31, 2022.

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Source: SEC EDGAR

accession 0000950170-23-001825

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