Alico, Inc. will announce Q1 2024 financial results on February 12, 2025, with a conference call on February 13.
Quiver AI Summary
Alico, Inc. announced that it will release its financial results for the first quarter ending December 31, 2024, on February 12, 2025, after market close. A conference call to discuss these results will take place on February 13, 2025, at 8:30 am ET, with participants able to join by calling specific phone numbers. A replay of the call will be available shortly after its conclusion and will remain accessible until February 27, 2025. Alico operates in two main divisions: Alico Citrus, a leading citrus producer, and Land Management and Other Operations. Alico Citrus plans to cease operations after the upcoming harvest due to ongoing environmental and financial challenges, while the company will shift its focus towards a diversified land usage and real estate development strategy.
Potential Positives
- The announcement of the upcoming financial results release and conference call provides transparency and keeps investors informed about the company's performance.
- Alico, Inc. remains committed to the agriculture industry in Florida and is focusing on a long-term diversified land usage and real estate development strategy, signaling potential for future growth despite challenges in its citrus operations.
- The financial results call offers an opportunity for stakeholders to engage directly with company leadership, enhancing investor relations.
Potential Negatives
- The announcement that Alico Citrus will cease operations after the 2024/2025 harvest indicates a significant contraction in the company's core business, raising concerns about its future performance and revenue generation.
- The mention of "environmental and financial challenges" provides a negative context for the company, suggesting serious issues that may affect investor confidence and public perception.
- The shift towards a focus on long-term real estate development strategy may signal a lack of viable options in its traditional farming operations, potentially leading investors to question the company's viability and strategic direction.
FAQ
When will Alico, Inc. release its financial results?
Alico, Inc. will release its financial results on February 12, 2025, after market close.
What time is the Alico conference call?
The conference call to discuss Alico's financial results is scheduled for February 13, 2025, at 8:30 am Eastern Time.
How can I join Alico's conference call?
To join the call, dial 1-800-343-4849 in the U.S. or 1-203-518-9848 internationally, using participant ID ALICO.
Will there be a replay of the conference call?
Yes, a replay will be available on February 13, 2025, three hours after the call, until February 27, 2025.
What changes is Alico making to its citrus operations?
Alico Citrus will cease operations after the 2024/2025 harvest due to environmental and financial challenges.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALCO Hedge Fund Activity
We have seen 48 institutional investors add shares of $ALCO stock to their portfolio, and 22 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JCP INVESTMENT MANAGEMENT, LLC added 187,091 shares (+inf%) to their portfolio in Q3 2024, for an estimated $5,232,935
- POLAR ASSET MANAGEMENT PARTNERS INC. removed 73,974 shares (-58.9%) from their portfolio in Q3 2024, for an estimated $2,069,052
- GATE CITY CAPITAL MANAGEMENT, LLC removed 57,174 shares (-6.9%) from their portfolio in Q3 2024, for an estimated $1,599,156
- ACUITAS INVESTMENTS, LLC added 39,564 shares (+44.7%) to their portfolio in Q3 2024, for an estimated $1,106,605
- OAK FAMILY ADVISORS, LLC removed 36,743 shares (-33.7%) from their portfolio in Q4 2024, for an estimated $952,745
- BOOTHBAY FUND MANAGEMENT, LLC removed 25,532 shares (-21.2%) from their portfolio in Q3 2024, for an estimated $714,130
- M HOLDINGS SECURITIES, INC. removed 24,350 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $681,069
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT MYERS, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the first quarter ended December 31, 2024, on Wednesday, February 12, 2025 after market close.
The Company will host a conference call to discuss its financial results on Thursday, February 13, 2025, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-4849 in the United States and 1-203-518-9848 from outside of the United States. The participant identification to join the conference call is ALICO.
A telephone replay will be available on Thursday, February 13, 2025, approximately three hours after the call concludes, and will be available through February 27, 2025. Listeners in the United States may dial 1-844-512-2921 and international listeners may dial 1-412-317-6671. The passcode for the playback is 11158103.
About Alico
Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation’s largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations. While Alico Citrus will cease operations after the 2024/2025 harvest due to environmental and financial challenges, Alico remains committed to Florida’s agriculture industry, and will focus on its long-term diversified land usage and real estate development strategy. Learn more about Alico (Nasdaq: “ALCO”) at www.alicoinc.com .
Investor Contact:
John Mills
ICR
(646) 277-1254
[email protected]
Brad Heine
Chief Financial Officer
(239) 226-2000
[email protected]