Alico, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 03, 2023 at 06:40 am EDT
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Alico, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 7.28 million compared to USD 25.94 million a year ago. Revenue was USD 7.28 million compared to USD 25.94 million a year ago. Net income was USD 11.83 million compared to USD 2.71 million a year ago. Basic earnings per share from continuing operations was USD 1.56 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 1.56 compared to USD 0.36 a year ago.
For the nine months, sales was USD 39.17 million compared to USD 90.92 million a year ago. Revenue was USD 39.17 million compared to USD 90.92 million a year ago. Net income was USD 0.895 million compared to USD 33.54 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 4.44 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 4.44 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. 
