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Alico Inc (ALCO.OQ)

ALCO.OQ on NASDAQ Stock Exchange Global Select Market

27.44USD
18 Apr 2019
Change (% chg)

$-0.27 (-0.97%)
Prev Close
$27.71
Open
$27.51
Day's High
$27.51
Day's Low
$27.21
Volume
3,595
Avg. Vol
3,490
52-wk High
$34.65
52-wk Low
$26.75

Latest Key Developments (Source: Significant Developments)

Alico Q1 Adjusted Loss Per Share $0.10
Tuesday, 12 Feb 2019 

Feb 11 (Reuters) - Alico Inc ::ALICO, INC. ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED DECEMBER 31, 2018.Q1 ADJUSTED LOSS PER SHARE $0.10.Q1 LOSS PER SHARE $0.33.QTRLY TOTAL OPERATING REVENUES $14.8 MILLION VERSUS $17.5 MILLION.  Full Article

734 Investors LLC Says It Holds 56% Of Alico Inc’S Outstanding Shares Of Common Stock
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Alico Inc ::734 INVESTORS LLC SAYS ON NOVEMBER 11, DELIVERED TO ALICO INC AN ACTION BY WRITTEN CONSENT IN LIEU OF SPECIAL MEETING OF SHAREHOLDERS - SEC FILING.734 INVESTORS LLC - TO TAKE ACTION TO REMOVE, WITHOUT CAUSE, FOUR MEMBERS OF ALICO'S BOARD, GEORGE BROKAW, HENRY SLACK, ANDREW KRUSEN, AND GREG EISNER.734 INVESTORS LLC - TO TAKE ACTION TO ELECT JOSEPH SCHENK, JOHN GREGORITS TO FILL TWO VACANCIES ON ALICO'S BOARD RESULTING FROM REMOVAL ACTION.734 INVESTORS LLC - TO TAKE ACTION TO AMEND ARTICLE V OF BYLAWS, TO FIX NUMBER OF DIRECTORS SERVING ON BOARD AT FIVE.734 INVESTORS LLC SAYS IT HOLDS 56% OF ALICO INC’S OUTSTANDING SHARES OF COMMON STOCK AS OF NOVEMBER 11.  Full Article

Alico Inc Commences Issuer Offer To Purchase Up To About $20 Mln Of Its Stock
Thursday, 6 Sep 2018 

Sept 5 (Reuters) - Alico Inc ::ALICO, INC. ANNOUNCES COMMENCEMENT OF AN ISSUER OFFER TO PURCHASE UP TO $19,999,990 OF ITS COMMON STOCK.ALICO - COMMENCEMENT OF ISSUER OFFER TO PURCHASE UP TO ABOUT $20 MILLION IN VALUE OF SHARES OF ITS COMMON STOCK AT A PURCHASE PRICE OF $34.00 PER SHARE.ALICO INC - COMPANY EXPECTS TO FUND PURCHASE OF SHARES IN TENDER OFFER WITH AVAILABLE CASH.  Full Article

Alico Q1 Earnings Per Share $1.05
Wednesday, 7 Feb 2018 

Feb 6 (Reuters) - Alico Inc ::ALICO, INC. ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED DECEMBER 31, 2017.Q1 EARNINGS PER SHARE $1.05.QTRLY TOTAL OPERATING REVENUES $17.5 MILLION VERSUS $17.4 MLN‍​.ALICO-INCREASE IN QTRLY NET INCOME WAS FROM DEFERRED TAX BENEFIT OF $11.3 MILLION RECORDED TO ADJUST CO'S NET DEFERRED TAX LIABILITIES DUE TO TAX RATE.  Full Article

Alico reports qtrly adj shr loss $0.86
Tuesday, 12 Dec 2017 

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 

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
Tuesday, 8 Aug 2017 

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
Friday, 26 May 2017 

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
Tuesday, 9 May 2017 

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