secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037560
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000095017023037560/0000950170-23-037560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000095017023037560/alco-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037560

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