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Alico Inc (ALCO.OQ)

ALCO.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Alico Inc announces financial results for fiscal year 2018
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Alico Inc ::ALICO, INC. ANNOUNCES FINANCIAL RESULTS FOR FISCAL YEAR 2018 ALONG WITH UPDATE ON ALICO 2.0 MODERNIZATION PROGRAM.ALICO INC - QTRLY EARNINGS PER SHARE $0.09.ALICO INC - QTRLY ADJUSTED LOSS PER SHARE $0.31.  Full Article

Alico - With Unanimous Approval Of Board Notified Trafelet, Co's CEO
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Alico Inc ::ALICO -CO WITH UNANIMOUS APPROVAL OF BOARD NOTIFIED TRAFELET, CO'S PRESIDENT,CEO & MEMBER OF BOARD, IT INTENDS TO CONSIDER TERMINATING HIS EMPLOYMENT.ALICO INC - BENJAMIN D. FISHMAN, CURRENT MEMBER OF BOARD, WAS APPOINTED TO SERVE AS INTERIM PRESIDENT, EFFECTIVE AS OF NOV 19, 2018 - SEC FILING.ALICO INC - HENRY R. SLACK, CO'S EXECUTIVE CHAIRMAN, & FISHMAN WILL MANAGE CO DURING PENDENCY OF TRAFELET'S TERMINATION PROCEEDINGS.ALICO-AS REQUIRED BY COMPENSATION DOCUMENTS, WILL SCHEDULE SPECIAL MEETING OF BOARD AT WHICH MEETING TRAFELET & COUNSEL MAY ADDRESS BOARD ON TERMINATION.ALICO INC - "TRAFELET HAS BEEN PLACED ON ADMINISTRATIVE LEAVE PENDING OUTCOME OF TERMINATION PROCEEDINGS".  Full Article

Alico Q3 Earnings Per Share $1.48
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Alico Inc ::ALICO, INC. ANNOUNCES FINANCIAL RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED JUNE 30, 2018.Q3 EARNINGS PER SHARE $1.48.QTRLY TOTAL OPERATING REVENUES $26.5 MILLION VERSUS $51.5 MILLION.  Full Article

Alico Reports Qtrly Loss Per Share $0.67
Monday, 7 May 2018 

May 7 (Reuters) - Alico Inc ::ALICO, INC. ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED MARCH 31, 2018.ALICO INC - QTRLY LOSS PER SHARE $0.67.ALICO INC - QTRLY TOTAL OPERATING REVENUES $35.6 MILLION VERSUS $56.2 MILLION.ALICO INC - QTRLY ADJUSTED EARNINGS PER SHARE $0.25.  Full Article

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