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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 

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 says Q3 GAAP earnings per share of $0.56
Thursday, 4 Aug 2016 

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 

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 reports qtrly adj shr loss $0.86

* ALICO, INC. ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR 2017