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Alico Inc (ALCO)
:ALCO
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.36Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -1.33%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call detailed a strategic shift away from citrus production to focus on alternative agricultural operations and land monetization. While the company has faced significant challenges in citrus production due to disease and environmental factors, resulting in a net loss, it has seen positive outcomes such as increased citrus pricing, land sale agreements, and an improved financial position with extended credit facilities.Company Guidance
During Alico's first-quarter 2025 earnings call, the company emphasized its strategic transformation, highlighting a shift from citrus production to diversified agricultural operations and land monetization. Alico plans to transition approximately 25% of its 53,371 Florida acres to non-agricultural uses, while maintaining 75% for agricultural purposes. Despite a 73% decline in citrus production over the past decade due to citrus greening and environmental challenges, the company reported a 38.9% increase in revenue per pound solid, driven by a new Tropicana agreement. Alico anticipates $20 million in land sale proceeds in fiscal 2025, with expected cash flow sufficiency to cover operating expenses through 2027. The company holds $73.5 million in available credit and aims to leverage conservation programs to enhance environmental outcomes. Alico's strategic shift is projected to unlock property values between $650 million and $750 million, positioning the company for sustained profitability.Strategic Transformation Announcement
Alico announced a strategic transformation to focus on alternative agricultural operations and strategic land monetization, moving away from citrus production due to economic and environmental challenges.
Increase in Citrus Price Per Pound Solid
Despite a decrease in production, the price per pound solid increased by 38.9% due to a new agreement with Tropicana, leading to a $2.5 million increase in revenue.
Land Sales and Financial Strengthening
Alico is in the process of closing land sales expected to generate approximately $20 million in proceeds this fiscal year, enhancing liquidity and financial flexibility.
Improved Adjusted EBITDA
Adjusted EBITDA was $700,000 in the first fiscal quarter ended December 31, 2024, compared to a loss of $2.3 million in the prior year.
Extension of Credit Facility
Alico extended its credit agreement with MetLife, providing a revolving line of credit until May 1, 2034, demonstrating financial flexibility and confidence from lenders.
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ALCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $30.15 | $30.39 | +0.80% |
| Dec 02, 2024 | $26.75 | $26.39 | -1.35% |
| Aug 05, 2024 | $27.33 | $28.55 | +4.46% |
| May 06, 2024 | $28.57 | $25.87 | -9.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alico Inc (ALCO) report earnings?
Alico Inc (ALCO) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Alico Inc (ALCO) earnings time?
Alico Inc (ALCO) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALCO EPS forecast?
ALCO EPS forecast for the fiscal quarter 2025 (Q2) is -0.36.
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