Alico, Inc. Reports Earnings Results for the Full Year Ended September 30, 2023
December 06, 2023 at 04:36 pm EST
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Alico, Inc. reported earnings results for the full year ended September 30, 2023. For the full year, the company reported sales was USD 39.85 million compared to USD 91.95 million a year ago. Revenue was USD 39.85 million compared to USD 91.95 million a year ago.
Net income was USD 1.84 million compared to USD 12.46 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 1.65 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 1.65 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. 
