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Alico Inc (ALCO.OQ)

ALCO.OQ on NASDAQ Stock Exchange Global Select Market

31.65USD
15 Dec 2017
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$-0.05 (-0.16%)
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Latest Key Developments (Source: Significant Developments)

Alico reports qtrly adj shr loss $0.86
Monday, 11 Dec 2017 04:44pm EST 

Dec 11 (Reuters) - Alico Inc ::ALICO, INC. ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR 2017.ALICO INC - QTRLY LOSS PER DILUTED COMMON SHARE $2.29.ALICO INC - RESULTS WERE NEGATIVELY IMPACTED BY ABOUT $24.0 MILLION OF ONE-TIME ITEMS WHICH INCLUDED HURRICANE IRMA'S IMPACT ON 2017-2018 SEASON.ALICO INC - QTRLY ADJUSTED LOSS PER DILUTED COMMON SHARE $0.86.ALICO INC - IN Q1 OF FISCAL 2018 ALICO WILL CEASE ITS DIRECT CATTLE OPERATIONS AT ALICO RANCH.  Full Article

Alico announces restructuring program
Thursday, 16 Nov 2017 07:30am EST 

Nov 16 (Reuters) - Alico Inc ::Announces restructuring program which has been transforming it into a more competitive company.Alico has eliminated costs "that it believes will not negatively affect citrus production"​.Alico Citrus estimates that production will be down 40-45 percent from prior season that was completed in June of 2017​.When Alico 2.0 is fully implemented over next 2 yrs, Alico Citrus expects to generate net income of $17.9 million, earnings per share of $2.00-$2.40.Alico Citrus lost a small percentage of trees, force and duration of storm impacted majority of groves​.Alico Citrus expect it will take at least two seasons for groves to recover to pre-hurricane production levels​.Alico Citrus sees production of 4-4.4mm boxes in 2018, production increase in 2019, return to pre-hurricane production levels by FY2020​.Believes restructuring efforts and cost efficiencies that were began in early 2017 will mitigate financial impact to Alico of Hurricane Irma​.Believes that Alico 2.0 restructuring, cost efficiencies that began in early 2017 will mitigate financial impact to Alico of Hurricane Irma​.Company expects to be EBITDA breakeven in FY2018​.A comprehensive review of Alico's assets identified approximately $175mm of properties that generate no or low returns​.Alico Citrus is reducing total expenses per acre from $3,314/acre in FY16 to $2,164/acre when Alico 2.0 is fully implemented​.  Full Article

Alico Inc Q3 ‍earnings per diluted common share $0.66
Monday, 7 Aug 2017 04:15pm EDT 

Aug 7 (Reuters) - Alico Inc :Alico Inc announces third quarter and nine month financial results for fiscal year 2017 highlighted by $9.6 million of net income, $34.7 million of EBITDA, and $28.9 million of net cash provided by operating activities for the nine months of fiscal year.Alico Inc - qtrly ‍earnings per diluted common share $ 0.66​.  Full Article

Alico's Board of Directors authorized new share repurchase plan
Thursday, 25 May 2017 03:30pm EDT 

May 25 (Reuters) - Alico Inc ::Board of directors authorized a new share repurchase plan on May 23, 2017 - SEC filing.Under this May 2017 repurchase plan, company may repurchase up to $2.0 million of its common stock from May 24, 2017 to May 24, 2019.  Full Article

Alico announces Q2 total operating revenues $56.2 million
Monday, 8 May 2017 04:00pm EDT 

May 8 (Reuters) - Alico Inc :Alico, Inc. announces second quarter and six month financial results for fiscal year 2017 highlighted by $4.1 million of net income, $19.6 million of EBITDA, and $2.7 million of net cash used in operating activities for the six months of fiscal year 2017.Q2 earnings per share $0.70.Q2 total operating revenues $56.2 million versus $71.9 million.  Full Article

Alico announced that its board of directors has authorized a new share repurchase plan
Friday, 10 Mar 2017 05:36pm EST 

Alico Inc : Announced that its board of directors has authorized a new share repurchase plan - sec filing .Alico Inc - under repurchase plan, company may repurchase up to $5.0 million of its common stock from march 9, 2017 to march 9, 2019.  Full Article

Alico Inc announces first quarter financial results for fiscal year 2017
Monday, 6 Feb 2017 04:15pm EST 

Alico Inc : Alico Inc announces first quarter financial results for fiscal year 2017 highlighted by ($1.7) million of net income, $3.2 million of EBITDA, and ($17.4) million of net cash used in operating activities .Q1 loss per share $0.21.  Full Article

Alico Inc says it has begun to realign its management structure
Friday, 2 Dec 2016 06:20am EST 

Alico Inc : Alico Inc says alico inc. Has begun to realign its management structure . Alico Inc says remy trafelet will become president and chief executive officer of parent holding company, alico inc., on January 1, 2017 . Alico Inc says wilson will continue to serve as a member of alico board of directors . Says wilson will continue to serve as a member of alico board of directors . Says clay wilson will step down as chief executive officer on Dec 31 . Alico Inc says qtrly loss per share $0.41 .Qtrly adjusted earnings per share $0.37.  Full Article

-Alico says Q3 GAAP earnings per share of $0.56
Thursday, 4 Aug 2016 04:15pm EDT 

Alico Inc :Q3 GAAP earnings per share of $0.56.  Full Article

Alico Inc announces fiscal year 2016 second quarter dividend
Wednesday, 9 Mar 2016 04:22pm EST 

Alico Inc:Board of Directors declared a second quarter cash dividend in the amount of $0.06 per share on its outstanding common stock.Dividend is to be paid to shareholders of record as of March 31, with the payment expected on April 15.  Full Article

BRIEF-Alico announces restructuring program

* Announces restructuring program which has been transforming it into a more competitive company