Quarterly ResultMay 11, 2026, 04:13 PM
Alico Swings to Q1 Net Income $11.38M; EPS $1.49
AI Summary
Alico, Inc. reported a significant turnaround, achieving net income of $11.38 million, or $1.49 per diluted share, for the three months ended March 31, 2026, compared to a net loss of $111.39 million in the prior year period. This improvement was largely driven by a substantial gain on the sale of property and equipment. The company continues its strategic transformation, winding down its Alico Citrus division to focus on diversified land usage and real estate development, which led to a decrease in citrus revenue but an increase in land management revenue.
Key Highlights
- Net income attributable to Alico common stockholders was $11.38 million for Q1 2026, up from a $111.39 million loss in Q1 2025.
- Basic EPS was $1.49 for Q1 2026, compared to $(14.58) for Q1 2025.
- Total operating revenues decreased to $5.34 million in Q1 2026 from $17.98 million in Q1 2025.
- Alico Citrus revenue fell to $3.79 million in Q1 2026 from $17.25 million in Q1 2025.
- Land Management and Other Operations revenue increased to $1.55 million in Q1 2026 from $0.73 million in Q1 2025.
- Gain on sale of property and equipment was $19.73 million in Q1 2026, up from $15.85 million in Q1 2025.
- Cash and cash equivalents rose to $52.88 million at March 31, 2026, from $38.13 million at September 30, 2025.
- The company repurchased $8.37 million of common stock in the six months ended March 31, 2026.