Exhibit 99.1 Alico, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 30, 2024 Fort Myers, FL, August 5, 2024 - Alico, Inc. ("Alico", the "Company", "we", "us" or "our") (Nasdaq: ALCO) today announced financial results for the third quarter of fiscal year 2024 and the nine months ended June 30, 2024, the highlights of which are as follows: • The Company previously announced that it entered a new three-year agreement to sell oranges to Tropicana at prices that are approximatel ...

James O'Neil/DigitalVision via Getty Images Times aren't the easiest for discount-minded value investors. With the stock market surging, almost all of the traditional value plays are trading at higher multiples than they usually are, and floating around 52-week highs. That's not to say there aren't still deals to be had, but we have to look harder to find them. Today, we're going to be looking at a stock that has been popping up in a lot of my screens lately, Alico. Inc (NASDAQ:ALCO). The company is a citru ...

FORT MYERS, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the quarter ended June 30, 2024, on Monday, August 5, after the market close. The Company will host a conference call to discuss its financial results on Tuesday, August 6, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-5172 in the United States and 1-203-518-9856 from outside of the ...

FORT MYERS, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that it entered into a new agreement with its largest customer to supply citrus fruit. This agreement is effective June 5, 2024 through July 31, 2027, subject to its terms and conditions. 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 approximately 65% of Alico's currently plante ...

FORT MYERS, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that it entered into a new agreement with its largest customer to supply citrus fruit. This agreement is effective June 5, 2024 through July 31, 2027, subject to its terms and conditions. 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 approximately 65% of Alico’s currently plant ...

FORT MYERS, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico") has announced that Mitch Hutchcraft is joining the company in a newly created position as Executive Vice President of Real Estate, effective as of today. In 2022, Alico began a process to analyze the long-term potential for its approximately 54,500 acres of real estate located in seven counties throughout Florida. As a publicly held company, Alico seeks to provide its investors with the benefits and stability of a conventional agricult ...

FORT MYERS, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”) has announced that Mitch Hutchcraft is joining the company in a newly created position as Executive Vice President of Real Estate, effective as of today. In 2022, Alico began a process to analyze the long-term potential for its approximately 54,500 acres of real estate located in seven counties throughout Florida. As a publicly held company, Alico seeks to provide its investors with the benefits and stability of a conventional agricult ...

Blueplace/E+ via Getty Images With Alico (NASDAQ:ALCO) recently reporting fiscal second-quarter results, I thought it would be timely to take another look at the company, as it has been several months since I last wrote about Alico. Since my last article, we are well on our way into the 2023/2024 citrus-grove harvest, which should start to see improvements from the Hurricane Ian-induced weakness. Furthermore, the company recently sold off the Alico ranch lands in December, leaving the business as a pure-pla ...

Alico, Inc. (NASDAQ:ALCO) Q2 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants John Kiernan - President & Chief Executive Officer Brad Heine - Chief Financial Officer Conference Call Participants Gerry Sweeney - ROTH Capital Operator Welcome to Alico's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder, today's conference is being recorded. Last night, the company issued a press release announcing its results for the ...

Alico (ALCO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 285.71%. A quarter ago, it was expected that this agribusiness and land management company would post a loss of $0.28 per share when it actually produced a loss of $2.34, delivering a surprise of -735.71%.Over the last ...