Alico, Inc. (ALCO) News
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ALCO News Highlights
- For ALCO, its 30 day story count is now at 7.
- Over the past 27 days, the trend for ALCO's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- TREE, LOAN and PAR are the most mentioned tickers in articles about ALCO.
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.
Third Avenue Disposed its Long-Time Holding Alico Inc. (ALCO), Here’s WhyThird Avenue Management, an investment management firm, published its “Small-Cap Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 18.51% was recorded by the fund for the Q1 of 2021, below the Fund’s most relevant benchmark, Russell 2000 Value Index, that rose to 21.17% for the […] |
Alico (ALCO) Misses Q2 Earnings EstimatesAlico (ALCO) delivered earnings and revenue surprises of -35.29% and 0.44%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock? |
Alico, Inc. Announces Financial Results for the Second Quarter and Six Months Ended March 31, 2021FORT MYERS, Fla., May 05, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces financial results for the second quarter of fiscal year 2021 and the six months ended March 31, 2021, the highlights which are as follows: Market prices per pound solids have increased in fiscal year 2021, driven by increase in not-from-concentrate orange juice consumption and tighter citrus supply.Production of fruit and average pound solids per box are down from the previous year. Company modified fixed-rate term debt with Metlife and expects to reduce debt service between $5 million and $6 million per year until maturity in November 2029. Company closed a sales transaction with the State of Florida for approximately 5,734 acres and is under contract to sell, or in ... |
Alico, Inc. Announces Strategic Actions to Increase Long-term Shareholder ReturnsFORT MYERS, Fla., May 05, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces significant enhancements that are expected to generate greater returns for our shareholders. In November 2017, the Company announced the Alico 2.0 Modernization Program, which improved the operational efficiencies and optimized asset returns of Alico. Highlights included: Transformed three legacy citrus businesses into a single optimized enterprise now known as Alico Citrus.Reduced operating and G&A costs by 19% without negative impact on business operations.Planted approximately 1.5 million trees over the past four years, which are expected to steadily increase production beginning in fiscal year 2022.Expanded owned citrus operations to 49,000 acres, up from 45,000 a... |
Alico, Inc. to Host Earnings CallNEW YORK, NY / ACCESSWIRE / May 5, 2021 / Alico, Inc. (NASDAQ:ALCO) will be discussing their earnings results in their 2021 Second Quarter Earnings call to be held on May 5, 2021 at 8:30 AM Eastern Time. |
Alico, Inc. to Announce Second Quarter 2021 Financial Results on Wednesday, May 5, 2021Company to Host Conference Call at 8:30 AM Eastern Daylight TimeFORT MYERS, Fla., April 22, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the second quarter ended March 31, 2021, on Wednesday, May 5, 2021, before the market opens. The Company will host a conference call to discuss its financial results on May 5, 2021, at 8:30 am Eastern Daylight Time. Interested parties may join the conference call by dialing (877) 300-8521 in the United States and (412) 317-6026 from outside of the United States. A telephone replay will be available approximately two hours after the call concludes and will be available through Wednesday, May 19, 2021. Listeners in the United States can dial (844) 512-29... |
Alico, Inc. Announces Completion of Sale of Land to State of FloridaFORT MYERS, Fla., April 15, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces the State of Florida purchased, under the Florida Forever program, approximately 5,734 acres of Alico Ranch for $14.4 million, pursuant to an option agreement entered into between the State of Florida and Alico earlier this fiscal year. John Kiernan, Alico’s President and Chief Executive Officer, commented, “We are pleased that the State of Florida has continued to purchase parcels within the Alico Ranch. This is now the third sales transaction we have completed with the State of Florida within the last three years, aggregating over 22,000 acres. Alico intends to use these sales proceeds to opportunistically prepay a portion of its fixed-rate term debt. We remain en... |
Alico, Inc. to Participate at the 33rd Annual ROTH ConferenceFORT MYERS, Fla., March 04, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company’s President and Chief Executive Officer, and Richard Rallo, the Company’s Senior Vice President and Chief Financial Officer, will participate at the 33rd Annual ROTH Conference, to be held virtually March 15-17, 2021. The Company will be participating in virtual one-on-one and small group meetings on Monday, March 15, 2021 and Tuesday, March 16, 2021. To schedule a meeting with Alico, please contact your ROTH sales representative. About Alico Alico, Inc. primarily operates two divisions: Alico Citrus, one of the nation’s largest citrus producers, and Land Management and Other Operations, which includes environmental services, land leas... |
These Metrics Don't Make Alico (NASDAQ:ALCO) Look Too StrongIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop... |
Alico, Inc. announces financial results for fiscal quarter ended December 31, 2020Alico, Inc. has announced financial results for the fiscal quarter ended December 31, 2020, the highlights which are as follows: Not-from-concentrate orange juice consumption continues to be strong. Production of Early and Mid-Season fruit is down from the previous year. Market prices per pound solids increase… |