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Below you'll see everything we could locate for your search of “alico”
Alico, Inc. announced that it entered into a new three-year agreement with its largest customer, Tropicana Brands Group (Tropicana), to supply citrus fruit. The agreement is effective June 5, 2024, through July 31, 2027. This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on …
Alico, Inc. President and Chief Executive Officer John Kiernan recently discussed several Alico citrus grove transitions and transactions. Here are some of his comments that were included in an announcement of the company’s financial results for the period ending March 31. “To be clear, Alico will continue to conduct our regular citrus operations at nearly all of our groves for …
Alico, Inc. announced financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024. Revenues of $32.1 million for the six-month period were relatively flat as compared to $31.9 million for the same period last year. BOXES AND POUND SOLIDS Alico harvested approximately 1.2 million boxes (second quarter) and 2.2 million boxes (six-month …
Alico, Inc.’s Citrus Division reported it had “significantly lower than anticipated” early and mid-season orange production for the fiscal quarter that ended Dec. 31, 2023. It blamed the reduction on the ongoing effects of 2022’s Hurricane Ian. Although the early and mid-season crops were lower than anticipated, Alico still harvested more boxes, produced more pound solids and received higher prices …
Alico Citrus, a division of Alico, Inc., harvested less than half its citrus in the fiscal year ending Sept. 30, 2023 as it did in the prior year. The decline was largely the result of impacts from Hurricane Ian in September 2022. Alico has approximately 49,000 citrus acres in seven Florida counties. The company reported on Dec. 6 that it …
Alico, Inc. began treating citrus trees in January 2023 with an oxytetracycline (OTC) product via trunk injection as a citrus greening therapy. “Through June 30, 2023, we have treated over 35% of our trees with OTC, which is expected to mitigate some of the impacts of citrus greening and is expected to decrease the rate of fruit drop, as well …
Florida citrus grower and landholder Alico, Inc. on Aug. 3 announced financial results for the third quarter of fiscal year 2023 and the nine months ended June 30, 2023. For the nine months, Alico harvested approximately 2.7 million boxes of citrus, a decrease of approximately 51% from the same period in the prior fiscal year. After the completion of the …
Alico, Inc. announced financial results for the second quarter of fiscal year 2023. For the six months ended March 31, 2023, the company reported net loss of approximately $10.9 million, compared to net income of approximately $30.8 million for the six months ended March 31, 2022. This was primarily due to 1) the timing of the gains on sale of …
Alico Citrus harvested 841,000 boxes of early- and mid-season (early/mid) oranges for the three months ended Dec. 31, 2022. That’s a decrease of approximately 6.1% from the same period in the prior fiscal year. The company will complete harvesting of early/mid oranges in the current fiscal year. It said it will recognize an overall decrease in the number of early/mid …
Alico, Inc. recently summarized its second sustainability report. President and Chief Executive Officer John Kiernan said the company over the past year has delivered environmental, social and governance (ESG) promises made in its first sustainability report in 2021. He cited the following as some of Alico’s notable accomplishments: “Our goal with this report is to make it easier for our …
Hurricane Ian in late September caused substantial fruit drop at the majority of Alico Citrus’ groves, the company reported in its recent fiscal year 2022 financial results. The fiscal year ended Sept. 30. “Fortunately, tree damage was largely limited to only one property,” said John Kiernan, president and chief executive officer. “This lost fruit impacted our fiscal year 2022 financial …
Alico, Inc. reported on Sept. 30 that initial observations following Hurricane Ian indicate there was significant drop of fruit in its groves. However, most trees remain intact. The magnitude of the fruit drop will be formally calculated by the company’s staff and insurance companies in coming weeks. Alico has 48,900 acres of citrus groves in Charlotte, Collier, DeSoto, Hardee, Hendry, …
Alico, Inc. announced the appointment of Perry G. Del Vecchio as chief financial officer effective Sept. 6. He is responsible for all corporate finance, treasury and accounting functions of the company and reports directly to President and Chief Executive Officer John Kiernan. “Perry’s background as a senior finance leader for a $6 billion division of a Fortune 500 company, combined …
Alico President and CEO John Kiernan recently pointed out that the company had less orange crop decline than Florida as a whole in the 2021–22 citrus season. He noted that while the U.S. Department of Agriculture reported that the Florida crop declined 22.7% from the prior season, Alico’s decline was only 12.9%. “The company believes this lower rate of decline …
Alico Inc. reported it had reduced orange production and lower pound solids per box during the six months that ended March 31. However, the company received higher prices per pound solids. For the period, Alico Citrus harvested approximately 4.1 million boxes of fruit, a decrease of 10.3% from the same period of the prior fiscal year. The decrease is principally related to fewer pieces …
The current citrus harvest season “has been a challenging one for Alico,” the company stated in a late March press release. “In addition to a harvest season that was anticipated to produce less fruit than in the prior year, many of the state’s citrus groves, including Alico’s citrus groves, were impacted by a freeze event in late January 2022.” Nearly …
Alico, Inc. has seen an increase in the price per pound solids for oranges from $2.25 to $2.58 so far this season. A significant reason for the price improvement is the continued strength of consumption of not-from-concentrate orange juice by retail consumers, the company stated. Average pound solids per box were down for the fiscal quarter that ended Dec. 31, 2021. The pounds …
Alico Citrus has announced internship openings for the summer of 2022. The deadline to apply is Dec. 10, 2021 and interviews will be conducted Dec. 13-16. The official start date for interns will be May 17, 2022. Interns at Alico Citrus will receive an opportunity to see all components of the citrus caretaking business. This is a paid internship. Interns …
Alico, Inc. received significantly higher prices for its citrus fruit in the 2020-21 harvest season, but had reduced box production and reduced average pound solids per box of fruit. The company’s average blended price for fruit was $2.45 per pound solids (PPS), up 31.7% from the $1.86 PPS it received the prior year. Alico cited “favorable industry supply dynamics” as …
Alico, Inc. reported net income of approximately $8.7 million and earnings of $1.16 per share for the six-month period ending March 31, 2021. That’s about double the net income of approximately $4.4 million and earnings of 58 cents per share in the same period of the prior year. The increase in net income is primarily due to greater revenue generated from the Alico Citrus segment. The greater …
