Alico Q1 2023 Earnings Report

Alico EPS Results

• Actual EPS: -$0.86
• Consensus EPS: -$0.33
• Beat/Miss: Missed by -$0.53
• One Year Ago EPS: N/A

Alico Revenue Results

• Actual Revenue: $10.59 million
• Expected Revenue: $8.10 million
• Beat/Miss: Beat by +$2.49 million
• YoY Revenue Growth: N/A

Alico Announcement Details

• Quarter: Q1 2023
• Date: 2/6/2023
• Time: N/A

Alico (NASDAQ:ALCO), together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus. The Land Management and Other Operations segment is involved in the activities related to native plant sales, grazing and hunting leasing, management, and/or conservation of unimproved native pastureland; and activities related to rock mining royalties and other insignificant lines of business, as well as in the activities related to owning and/or leasing improved farmland. The company was incorporated in 1960 and is based in Fort Myers, Florida.