Alico, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2023
February 07, 2024 at 04:54 pm EST
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Alico, Inc. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was USD 13.99 million compared to USD 10.59 million a year ago. Revenue was USD 13.99 million compared to USD 10.59 million a year ago.
Net income was USD 42.95 million compared to net loss of USD 3.15 million a year ago. Basic earnings per share from continuing operations was USD 5.64 compared to basic loss per share from continuing operations of USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 5.64 compared to diluted loss per share from continuing operations of USD 0.41 a year ago.
Alico, Inc. is an agribusiness and land management company. The Company is engaged in the sale of its citrus products, providing services to citrus groves owned by third parties, and grazing and hunting leasing. Its segments include Alico Citrus and Land Management and Other Operations. Alico Citrus segment is engaged in planting, owning, cultivating and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. Its Land Management and Other Operations segment includes activities related to native plant sales, grazing and hunting leasing, management and/or conservation of unimproved native pastureland and activities related to rock mining royalties and other insignificant lines of business. It owns over 73,000 acres of land and 90,000 acres of mineral rights throughout Florida.
ALICO, INC. 
