Alico reports Q3 net income $11.8M but adjusted loss of $5.6M; crop down from Hurricane Ian

ALICO, INC.

2023-Q3 EPS reported $0.12 revenue$39,166,000

Q3 net income attributable to common stockholders $11.8M ($1.56 diluted EPS); adjusted net loss ($5.6M) per release.
EBITDA $18.8M; Adjusted EBITDA ($1.3M) for Q3; nine-month adjusted EBITDA ($12.5M).
Box production declined due to accelerated fruit drop from Hurricane Ian; $21.4M in crop insurance proceeds through June 30.
Sold 548 ranch acres for ~$2.7M in Q3; undrawn credit $76.8M; working capital ratio 3.10.
Cost increases in fertilizer, labor, fuel; nine-month net income $0.9M vs $33.5M prior year.

item 2.02 item 9.01

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 the three and nine months ended June 30, 2023 results: net income net income attributable to Alico, Inc. common stockholders of $11.8 million.

Period: the three and nine months ended June 30, 2023
Net income: net income attributable to Alico, Inc. common stockholders of $11.8 million
Result: reported results

Exact text from the filing

Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces financial results for the third quarter of fiscal year 2023 and the nine months ended June 30, 2023

View on SEC.gov

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

ALICO, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-037560

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.