ALICO, INC. reported the second quarter ended March 31, 2026 results: revenue $5,340, net income $11,381, EPS $1.49.
“except for per share amounts and percentages) (Unaudited) (Unaudited) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 % Change 2026 2025 % Change Revenue $ 5,340 $ 17,980 (70.3) % $ 7,227 $ 34,874 (79.3) % Net income (loss) attributable to Alico, Inc. common stockholders $ 11,381 $ (111,385) 110.2 % $ 7,900 $ (120,552) 106.6 % Gain (loss)”
Debt Financings
ALICO, INC. amended credit facility of $10 million with MetLife Investment Management, LLC for each of Metropolitan Life Insurance Company and New England Life Insurance Company maturing May 1, 2034.
“to, among other things, incur $10 million of additional indebtedness under the MetLife Credit Agreement, with a maturity date of May 1, 2034, amend certain mortgages to add additional real property as collateral, add parties as mortgagors, and modify the loan-to-value ratio covenant”
Restructurings & Charges
ALICO, INC. announced a restructuring with charges of approximately $1.5 to $2.0 million affecting Alico Citrus division (up to 172 employees).
“financial challenges from citrus greening disease and environmental factors for many seasons. The Company currently estimates that it will incur charges of approximately $1.5 to $2.0 million in connection with the Workforce Reduction, primarily consisting of severance payments, employee benefits and related costs. The Company expects that the majority”
Earnings Releases
ALICO, INC. reported three and six months ended March 31, 2024 results: revenue $32.1 million, net income $27.1 million.
“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”
Shareholder Votes
ALICO, INC. shareholders approved Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers. at the 2024-02-23 meeting.
“Proposal 3 — Approval, on an advisory (non-binding) basis, of the compensation of the Company’s named executive officers.”
Shareholder Votes
ALICO, INC. shareholders approved Ratification of the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024. at the 2024-02-23 meeting.
“Proposal 2 — Ratification of the appointment of Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024.”
Shareholder Votes
ALICO, INC. shareholders approved Election of the eight Director Nominees to serve on the Company's board of directors until the 2025 Annual Meeting of Shareholders, and until their respective successors have been duly elected and qualified. at the 2024-02-23 meeting.
“On February 23, 2024, Alico, Inc. (the “Company”) held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”).”
Earnings Releases
ALICO, INC. reported the first fiscal quarter ended December 31, 2023 results: net income $42.9 million, EPS $5.64 per diluted common share.
“On February 7, 2024, Alico, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended December 31, 2023”
M&A Transactions
ALICO, INC. completed a disposition involving Board of Trustees of the Internal Improvement Trust Fund of the State of Florida for $77,630,500 (closed 2023-12-21).
“On December 21, 2023, the Sale was consummated and the Company received gross proceeds of $77,630,500.”
Material Agreements
ALICO, INC. amended Fourteenth Amendment to Credit Agreement with Rabo AgriFinance LLC (effective 2023-12-15).
“On December 15, 2023, Alico, Inc. (the “Company”) entered into a Fourteenth Amendment to Credit Agreement (the “Amendment”) with respect to its credit agreement dated as of December 1, 2014, as amended to date, by and among the Company, Alico-Agri, Ltd., Alico Plant World, L.L.C., Alico Fruit Company, LLC, Alico Land Development Inc., and Alico Citrus Nursery, LLC, as borrowers, and Rabo AgriFinance LLC, formerly known as Rabo AgriFinance, Inc. (“Rabo”), as lender (the “Credit Agreement”), under which, subject to the terms and conditions specified therein, Rabo consents to the Company granting to each of the parties specified in the Amendment an option to purchase land from the Company during time periods and for the amounts specified therein.”
Auditor Changes
ALICO, INC. dismissed RSM US LLP as its auditor.
“the Committee approved the dismissal of RSM US LLP (“RSM”) as the Company’s independent registered public accounting firm.”
Auditor Changes
ALICO, INC. engaged Grant Thornton LLP as its auditor.
“the Audit Committee (the “Committee”) of the Board of Directors of Alico, Inc. (the “Company”) approved the engagement of Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024, subject to the completion of Grant Thornton’s client acceptance procedures.”
Earnings Releases
ALICO, INC. reported fourth quarter and fiscal year ended September 30, 2023 results: net income $1.8 million, EPS $0.24 per diluted common share.
“Alico, Inc. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2023”
Bradley Heine was appointed as Chief Financial Officer at ALICO, INC..
“On the Transition Date, in connection with Mr. Del Vecchio’s resignation, the Company’s Board of Directors appointed Bradley Heine as the Company’s new Chief Financial Officer, effective immediately.”
Perry Del Vecchio resigned as Chief Financial Officer at ALICO, INC..
“On August 16, 2023 (the “Transition Date”), Perry Del Vecchio resigned as the Chief Financial Officer of Alico, Inc. (the “Company”), effective immediately.”
Earnings Releases
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.
“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”
Shareholder Votes
ALICO, INC. shareholders approved Ratification of the Audit Committee’s selection of RSM US LLP as the Company’s independent registered public accounting firm for fiscal year 2023. at the 2023-02-23 meeting.
“Proposal 2: The Company’s shareholders voted in favor of ratifying the Audit Committee’s selection of RSM US LLP as the Company’s independent registered public accounting firm for fiscal year 2023, as set out below: FOR AGAINST ABSTAIN BROKER NON-VOTES 5,369,808 86,087 84,196 0”
Shareholder Votes
ALICO, INC. shareholders approved Election of eight nominees for director to hold office for the ensuing year, or until their respective successors are duly elected and qualified. at the 2023-02-23 meeting.
“Proposal 1 : The Company’s shareholders elected each of the Company’s eight nominees for director to hold office for the ensuing year, or until their respective successors are duly elected and qualified, as set forth below: FOR AGAINST ABSTAIN BROKER NON-VOTES John E. Kiernan 4,271,654 92,011 65,465 1,110,961 George R. Brokaw 4,277,525 73,408 78,197 1,110,961 Katherine R. English 3,654,809 696,237 78,084 1,110,961 Benjamin D. Fishman 3,881,297 467,425 80,408 1,110,961 W. Andrew Krusen, Jr. 4,271,887 76,226 81,017 1,110,961 Toby K. Purse 3,811,133 537,553 80,444 1,110,961 Adam H. Putnam 3,822,854 525,729 80,547 1,110,961 Henry R. Slack 3,124,981 1,235,780 68,369 1,110,961”
Earnings Releases
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.
“Alico, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended December 31, 2022.”
R. Greg Eisner departed as Director at ALICO, INC..
“On January 09, 2023, R. Greg Eisner informed Alico, Inc. (the “Company”) that he will not stand for re-election to the Company’s Board of Directors (the “Board”) at the Company’s 2023 annual meeting of shareholders (the “2023 Annual Meeting”), which is expected to take place on February 23, 2023.”
Earnings Releases
ALICO, INC. reported the fourth quarter and fiscal year ended September 30, 2022 results: net income net income attributable to Alico, Inc. common stockholders of $12.5 million, EPS earnings of $1.65 per diluted common share.
“Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces financial results for the fourth quarter and fiscal year ended September 30, 2022”
Auditor Changes
ALICO, INC. reported that prior financial statements should not be relied upon.
“On December 12, 2022, the audit committee (the “Audit Committee”) of the board of directors of the Company concluded that the Company’s previously issued Financial Statements can no longer be relied upon due to an error identified during the completion of the 2022 10-K.”
Perry G. Del Vecchio was appointed as Chief Financial Officer at ALICO, INC..
“On September 6, 2022 Alico, Inc. (“the Company”), announced the hiring and appointment of Perry G. Del Vecchio, age 55, as the Chief Financial Officer (Principal Financial and Accounting Officer) of the Company, effective as of September 6, 2022.”
Richard Rallo resigned as Senior Vice President and Chief Financial Officer at ALICO, INC..
“On May 17, 2022, Richard Rallo notified the Company of his decision to resign from his role as the Company’s Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) effective as of May 31, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.