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Latest ALCO News From Around the Web
Below are the latest news stories about ALICO INC that investors may wish to consider to help them evaluate ALCO as an investment opportunity.
2024 Was the Hottest Year. Here Are Climate Trends to Watch in 2025Last year was the hottest on record and, by most measures, the first to exceed the threshold set by the Paris Agreement to limit the worst effects of climate change, according to five international climate organizations. The average global temperature was 1.47 to 1.62 degrees Celsius (2.65 to 2.92 degrees Fahrenheit) hotter than pre-industrial levels. More than 190 countries, including the U.S., which signed the 2015 Paris Agreement, agreed to try to stay below 1.5 degrees Celsius. |
Tropicana orange supplier Alico to exit citrus businessThe company concluded that "growing citrus is no longer economically viable for us in Florida," with disease and hurricanes reducing production by 73%. |
Major Florida grower to end citrus operations after years of hurricanes and tree diseaseA major grower said this week it was abandoning its citrus growing operations, reflecting the headwinds Florida's signature crops are facing following a series of hurricanes and tree diseases. Alico Inc. announced Monday that it planned to wind down its citrus operations after the current crop is harvested later this year. About 3,400 citrus acres (1,376 hectares) will be managed by third-party caretakers for another season through 2026. |
Alico, Inc. to Present at 27th Annual ICR ConferenceFORT MYERS, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company’s President and Chief Executive Officer, will present at the 27th Annual ICR Conference being held on January 13-15, 2025 in Orlando, FL. The Company’s presentation will begin at 8:00 am Eastern time on Wednesday, January 15, 2025. The presentation will be webcast live and can be accessed through the “News / Events” tab on the investor relations |
Tropicana Supplier to End Citrus Output on Disease, Storms(Bloomberg) -- Alico Inc., one of the biggest US orange growers and a supplier to Tropicana, will wind down its citrus division after disease and hurricanes have driven a decades-long decline in production.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeCan American Drivers Learn to Love Roundabouts?Don’t Shrink the BusIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing Takes Effect After Years of DelaysThe Florida-based company won’t |
Tropicana Supplier Alico Cuts Citrus Operations As Greening Disease Bites, Eyes Growth In Real Estate; Stock JumpsAlico, Inc. (NASDAQ:ALCO) shares traded higher on Monday after the Florida-based agribusiness and land management company announced key changes to its operations. Alico plans to wind down Alico Citrus’ primary operations, which will include reducing most of its citrus production workforce effective immediately. Alico’s Board approved reducing up to 172 positions, with 135 employees affected by January 6, 2025, and the remainder by April 1, 2025. Alico expects that approximately 3,460 citrus acre |
Alico, Inc. Announces Strategic Transformation of Agriculture Operations to Unlock Value in Land HoldingsCompany announces it will wind down its Alico Citrus division to focus on its long-term diversified land usage and real estate development strategy Conference call and webcast to discuss announcement at 8:30 am Eastern Time today FORT MYERS, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or “the Company”) (Nasdaq: ALCO), today announces a strategic transformation to become a diversified land company with each of its properties now expected to create profitable agricultural revenue |
With 57% ownership, Alico, Inc. (NASDAQ:ALCO) boasts of strong institutional backingKey Insights Given the large stake in the stock by institutions, Alico's stock price might be vulnerable to their... |
Alico, Inc. (ALCO): A Bull Case TheoryWe came across a bullish thesis on Alico, Inc. (ALCO) on Undervalued and undercovered’s Substack by Hugo Navarro. In this article, we will summarize the bulls’ thesis on ALCO. Alico, Inc. (ALCO)’s share was trading at $27.80 as of Dec 6th. ALCO’s trailing P/E was 30.55 according to Yahoo Finance. Alico, Inc., a Florida-based producer of oranges, […] |
Alico: Fiscal Q4 Earnings SnapshotALCO) on Monday reported a fiscal fourth-quarter loss of $18.1 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Ft. Myers, Florida-based company said it had a loss of $2.38. |