Highest-materiality recent filing
Alico leases 3,280 acres to U.S. Sugar with purchase option for $29.5M
Agricultural lease with U.S. Sugar for ~3,280 acres in Hendry County, Florida.
Alico Q2 net income $11.4M, Adj EBITDA $16.9M; land sale $26.9M closed
Net income attributable to common stockholders $11.4M ($1.49 diluted EPS) vs net loss $111.4M prior year.
Alico Q1 net loss narrows to $3.5M; land sales total $7.7M, $34.5M YTD
Revenue $1.9M, down 88.8% YoY from $16.9M, driven by exit from citrus operations and shift to land sales/leasing.
Alico reports FY2025 net loss $147.3M; Adjusted EBITDA $22.5M beats guidance
FY2025 net loss attributable to common stockholders $147.3M ($19.29 diluted EPS loss) vs prior year net income $7.0M ($0.91 EPS).
Alico Q3 net loss $18.3M; revenue down 38% YoY; completes final major citrus harvest
Q3 revenue $8.39M, down 38.4% YoY; net loss $18.289M vs. loss $2.044M in prior year.
Alico reports Q2 net loss $111.4M; raises land sales outlook to >$50M for FY2025
Q2 revenue $18.0M (-0.7% YoY); net loss $111.4M vs loss $15.8M; EPS -$14.58.
Alico's $183.7M land sale terminated; buyer failed financing contingency
Buyer Harford Farms LLC terminated the Purchase and Sale Agreement on May 1, 2025.
Alico abandons 90% of citrus acres, exits core citrus business due to greening disease
Alico will wind down its Alico Citrus division, abandoning trees on ~90% of producing acres after current harvest.
Alico approves $50M stock repurchase program valid through April 2028
Board authorized up to $50.0 million in common stock repurchases on March 25, 2025.
Alico posts Q1 net loss of $9.2M; initiates wind-down of citrus operations
Revenue $16.9M (+20.8% YoY) but net loss of $(9.2M) vs prior-year net income of $42.9M.
Alico to cut up to 172 jobs, wind down citrus division due to greening disease
Up to 172 employees to be laid off (135 on Jan 6, 37 on Apr 1); estimated severance charges of $1.5-2.0M in Q2/Q3 2025.
Alico reports Q4 net loss of $18.1M, fiscal year net income of $7.0M on land sales
Q4 net loss of $18.1M ($2.38 loss per share) vs. $0.9M income year ago; revenue $0.9M.
Alico expands revolving credit facility to $95M, extends maturity to 2034
Revolving line of credit increased from $25M to $95M, secured by ~36,800 acres of citrus land.
Alico Reports Q3 Fiscal 2024 Results: Revenue Up 86.8% but Net Loss of $2.0M
Revenue for Q3 ended June 30, 2024 was $13.6M, up 86.8% from $7.3M in prior year.
Alico signs new Tropicana supply contract covering 65% of citrus acres at prices 33-50% higher
New citrus supply agreement with Tropicana effective June 5, 2024 through July 31, 2027, covering ~65% of planted acres.
Alico Q2 loss deepens to $15.8M; writes down $17.7M in citrus inventory
Q2 net loss $15.8M vs $7.8M prior; diluted EPS -$2.07.
Alico reports Q1 net income $42.9M on $77.6M land sale; adjusted EBITDA negative
Net income $42.9M ($5.64 diluted EPS) vs loss of $3.2M in prior year quarter, driven by land sale.
Alico completes $77.6M sale of 17,229 acres to State of Florida, pays down debt
Sold 17,229 acres of Alico Ranch to State of Florida for gross proceeds of $77.6M.
Alico amends credit agreement, allowing up to $80M land dispositions in FY2024
Rabo AgriFinance consents to land purchase options and increased disposition limits.
Alico reports FY2023 net income $1.8M vs $12.5M; adjusted net loss $(24.5)M
Diluted EPS $0.24 vs $1.65 YoY; adjusted diluted EPS loss $(3.23).
Alico appoints Bradley Heine as CFO, replacing Perry Del Vecchio effective Aug 16, 2023
Perry Del Vecchio resigned as CFO effective Aug 16, 2023; will remain employee through Sep 1, 2023.
Alico reports Q3 net income $11.8M but adjusted loss of $5.6M; crop down from Hurricane Ian
Q3 net income attributable to common stockholders $11.8M ($1.56 diluted EPS); adjusted net loss ($5.6M) per release.
On August 16, 2023 (the “Transition Date”), Perry Del Vecchio resigned as the Chief Financial Officer of Alico, Inc. (the “Company”), effective immediately.
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.
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.
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.
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.
Max materiality 0.85 · Median 0.50 · Most common event dividend