What were the key takeaways from Alico's earnings call?

What is the revenue and EPS growth rate for Alico year over year?

What guidance did Alico's management provide for the next earnings period?

What is the market's earnings forecast for Alico next quarter?

What does Alico do and what are its main business segments?

What factors drove the changes in Alico's revenue and profit?

What is Alico's gross profit margin?

Did Alico beat or miss consensus estimates last quarter?

- **Land monetization success**: $34.5M land sales YTD, 97% farmland leased.
- **Corkscrew project momentum**: $5M wildlife underpass, 2026 approvals.
- **Financial strength**: $34.8M cash, 14.39x current ratio.
- **Valuation gap**: $650-750M portfolio vs $320M market cap.

**【CEO Summary Section】**
- Q1 2026 revenue: $1.9 million (down 88% YoY) due to citrus business exit, but land sales surged to $7.7 million (Q1) and $34.5 million (year-to-date). 
- EBITDA improved to $2.4 million (vs -$6.7M prior year), driven by 97% agricultural land utilization and reduced operating costs.
- Corkscrew Grove Villages entitlements on track for 2026 decision, with $5M wildlife underpass investment.
- 46,000-acre portfolio valued at $650-750M, vs current $320M market cap.

**【CFO Financial Commentary】**
- Cash balance: $34.8M (up 14% YoY), debt reduced to $50.7M.
- 2026 guidance: $14M EBITDA, $50M cash by year-end.
- Operating expenses down 15% YoY, 77% land lease utilization.

**【Q&A Highlights】**
- Corkscrew approval expected Q3/Q4 2026, federal permits needed.
- 97% farmland leased at $1.2M/acre, 2026 cash flow visibility.
- 2026 EBITDA guidance: $14M, 2026 land sales $34.5M (Q1), etc.

Alico, Inc. (ALCO) Q1 2026 Earnings Call Transcript

- **Transformation Success**: Completed citrus exit with $22.5M EBITDA and $23.8M land sales, derisking business model.
- **Balance Sheet Strength**: $38.1M cash, $47.4M net debt, $92.5M credit availability, and $650M-$750M land value vs. $240M market cap.
- **Development Pipeline**: 5,500-acre projects valued $335M-$380M, 75% land for agriculture, 25% for growth.
- **Capital Returns**: $190M+ returned since 2015.

**【CEO Summary Section】**
- **Strategic Pivot Completion**: Finalized citrus operations, transitioning to a diversified land company with reduced agricultural volatility.
- **Key Financial Achievements**: Exceeded $22.5M adjusted EBITDA (vs. $20M target) and $23.8M land sales, $38.1M cash, $47.4M net debt, and $335M-$380M development pipeline value.
- **Development Pipeline**: Corkscrew Grove Villages, Bonnett Lake, Saddlebag Grove, and Plant World projects with 5,500 acres, estimated present value $335M-$380M over 5 years.
- **Conservation & Agriculture**: 75% land for diversified agriculture (leases with 3rd-party growers), 25% for development, maintaining optionality.
- **Capital Allocation**: $20.4M crop insurance proceeds, dividend payments, and $190M+ returned via dividends, buybacks, and debt reduction since 2015.
- **Future Priorities**: Land monetization, operational optimization, development approvals, and shareholder returns.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: $802K revenue (down 14% YoY), $8.5M net loss (improved from $18.1M prior year), $22.5M EBITDA (vs. $20M target), $23.8M land sales, $38.1M cash (vs. $3.2M prior year), $47.4M net debt (down 41.6% YoY), $92.5M credit availability.
- **Balance Sheet Strength**: Working capital ratio 9.56:1, operational runway through 2027, and $650M-$750M land portfolio NPV vs. $240M market cap.

**【Q&A Highlights】**
- **Land Sales Guidance**: No FY2026 guidance provided, but FY2025 sales $23.8M (vs. $20M target).

Alico, Inc. (ALCO) Q4 2025 Earnings Call Transcript

- **Strategic Transition Complete**: Final citrus harvest concluded, with $23.5M land sales YTD (exceeding $20M guidance) and $16M crop insurance recovery, boosting cash to $42.1M.
- **Regulatory Milestone Achieved**: Corkscrew Grove Stewardship District approved, with 2026 entitlement decision expected.
- **Financial Resilience**: Q3 EBITDA improved to $19.2M (vs. $1.3M prior year), despite 38% revenue decline, driven by cost control and asset sales.
- **Growth Potential**: $335-$380M present value of four development projects, with $25M+ land sales potential by year-end.

**【Management Opening Remarks】**
- Alico reported third-quarter fiscal 2025 results, highlighting strategic transformation progress and financial milestones. The company emphasized its transition from citrus production to a diversified land development model, with key achievements including land sales, regulatory approvals, and crop insurance recoveries.

**【CEO Summary Section】**
- **Strategic Milestones**: Completed final citrus harvest, transitioning to land development. Land sales of $9.3 million (694 acres) in Q3, bringing year-to-date total to $23.5 million (2,794 acres), exceeding $20 million guidance. Received $16 million in crop insurance proceeds, boosting cash to $42.1 million.
- **Regulatory Progress**: Florida legislature approved Corkscrew Grove Stewardship District, with a 5-member Board appointed to oversee infrastructure and community development. Regulatory feedback from South Florida Water Management District and Collier County is being addressed, with final approvals expected in 2026.
- **Agricultural Partnerships**: Leased 5,250 acres to third-party citrus growers and in discussions for 500 acres with vegetable growers, generating revenue during transition.
- **Development Pipeline**: Four projects (Corkscrew Grove Villages, Bonnet Lake, Saddlebag Grove, Plant World) valued at $335-$380 million, with potential realization within 5 years.

**【CFO Financial Commentary】**
- **Revenue Performance**: Q3 revenue decreased 38% to $8.4 million (vs. $13.6 million prior year), driven by lower citrus volumes post-Hurricane Milton. Year-to-date revenue down 5% to $43.3 million.
- **Cost Management**: Operating expenses rose to $36.4 million (Q3) and $229.3 million (YTD), due to citrus wind-down and tree impairments. EBITDA improved to $19.2 million (Q3) from $1.3 million prior year, with adjusted EBITDA at $19.3 million.
- **Liquidity**: Cash of $42.1 million (vs. $3.2 million prior year), with $92.5 million available on credit line. Net debt reduced to $43.2 million (from $89 million prior year).
- **Net Loss**: Q3 net loss of $18.3 million (vs. $2 million prior year), driven by $40.7 million in accelerated depreciation and lower citrus revenue, partially offset by crop insurance.

**【Q&A Highlights】**
- **Land Sales Outlook**: Potential for $25 million in additional land sales by year-end, though timing uncertain (could close in Q4 2025 or roll into 2026). Year-to-date sales at $23.5 million, targeting $45 million+.
- **Corkscrew Development**: Regulatory process on track for 2026 approvals, with no delays anticipated. No current need for development partners, maintaining flexibility to build, partner, or sell land post-entitlement.
- **Project Milestones**: Focus on addressing regulatory feedback, finalizing infrastructure plans, and engaging potential builders. No construction start until approvals finalized.


Alico, Inc. (ALCO) Q3 2025 Earnings Call Transcript

- **Land sales surge**: Exceeding guidance, potential $50 million in land sales vs. prior $20 million target.
- **Cost reduction success**: Workforce reduced 87.5%, operating expenses slashed through strategic transformation.
- **Development pipeline**: 5,500 acres of high-value properties valued at $335-$380 million in near-term development.
- **Financial turnaround**: Adjusted EBITDA improved to $12.7 million gain from prior year loss, cash balance growing.
- **Shareholder returns**: $50 million share buyback program to enhance capital allocation flexibility.

**【CEO Strategic Transformation Update】**
- Completed fiscal year 2025 citrus harvest, reducing workforce from 200 to 25 employees and cutting operating expenses.
- Sold 2,100 acres of land, exceeding prior guidance of $20 million in land sales by 150% to $50 million potential.
- Leased 5,250 acres to third-party agricultural operators for sod production, sand mining, and seasonal crops.
- Filed development application for Corkscrew Grove Villages (1,500 acres each village) in Collier County, targeting 4,500 homes per village.
- Advanced entitlement work for Bonnet Lake, Saddlebag Grove, and Plant World properties, valued at $335-$380 million in present value.
- Launched $50 million share repurchase program to return capital to shareholders.

**【CFO Financial Highlights】**
- Q2 2025 revenue: $18 million (flat YoY), with 107% increase in Land Management & Other revenue to $18.9 million.
- Net loss: $111.4 million (vs. $15.8 million prior year), driven by $119.3 million accelerated depreciation on citrus assets.
- Adjusted EBITDA: $12.7 million gain (vs. $16.5 million loss prior year).
- Cash balance: $14.7 million (vs. $3.2 million prior year), with $88.5 million available on revolving credit.

**【2025 Fiscal Year Outlook】**
- Projected cash balance: $25 million (end of year), net debt: $60 million.
- Targeted $20 million adjusted EBITDA, potentially higher if land sales exceed $50 million.
- Land holdings valued at $650-$750 million, with 10% entitled for development within 5 years.

**【Q&A Key Takeaways】**
- 2,100-acre land sale in Hendry County completed, with additional transactions in diligence phase.
- Corkscrew Grove Villages approvals expected in 2026, construction in 2028-2029 if permits granted.
- Focus on land sales, agricultural diversification, and development entitlements for value creation.

Alico, Inc. (ALCO) Q2 2025 Earnings Call Transcript

- **Strategic Shift**: Alico exiting citrus production to focus on land monetization, with $20M+ land sales expected in FY2025.
- **Financial Resilience**: Q1 2025 EBITDA improved to $0.7M vs. loss last year, despite 16% drop in citrus output.
- **Valuation Potential**: Land portfolio valued at $650M-$750M, with 10% of acres targeted for development over 5 years.
- **Cash Flow Security**: $73.5M credit line provides liquidity buffer for weather events and asset optimization.

**【CEO Strategic Transformation Overview】**
- Alico will cease major capital investment in citrus operations post-2025 harvest, focusing instead on land monetization and non-citrus agriculture.
- 75% of land will remain agricultural; 25% will be transitioned for commercial/residential development.
- Strategic land sales expected to generate $20M in FY2025, supporting operations through FY2027.
- Management estimates land portfolio's present value at $650M-$750M, assuming 10% development entitlements over 5 years.

**【CFO Financial Highlights】**
- Q1 2025 Revenue: $16.9M (+21% YoY), driven by 38.9% price increase per pound solid (Tropicana contract).
- Adjusted EBITDA: $0.7M (vs. -$2.3M YoY), despite 16% drop in pound solids harvested due to Hurricane Milton.
- Net Loss: $9.2M (vs. $42.9M profit YoY), primarily due to absence of Alico Ranch sale proceeds.
- Cash Position: $4.4M as of Dec 31, 2024; $73.5M available on revolving credit line.

**【2025 Outlook】**
- Citrus harvest volumes expected to decline 73% over 10 years, with FY2025 harvest lower than FY2024.
- Land sales pipeline includes $20M in negotiated transactions; Corkscrew Grove development plans to be disclosed post-public filings.
- Management confident in positive cash flow for FY2025, with sufficient liquidity for FY2026-2027 operations.

Actual											-0.42	-0.23	0.66	0.5172	-0.33	-0.24	0.06	-0.21	0.17	-0.84	-1.62	-0.73	-0.03	-3.0421	0.2601	-0.8908	0.1896	-0.228	-13.3859	-2.39	-1.11	-0.45
Forecast												-0.21	1.02	0.33	-0.48	-0.29	0.01	0.06	-0.25	-0.31	0.13	0.08	-0.34	-0.28	-0.14	-0.25	-0.4	-0.93	-0.36	-1.09	-0.39	-0.045
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9.52%	-35.29%	+56.73%	+31.25%	+17.24%	+500.00%	-450.00%	+168.00%	-170.97%	-1346.15%	-1012.50%	+91.18%	-986.46%	+285.79%	-256.32%	+147.40%	+75.48%	-3618.31%	-119.27%	-184.62%	-900.00%

Actual	--	--	--	--	--	--	--	--	--	--	4.90M	13.70M	55.90M	34.89M	4.00M	15.34M	49.64M	25.94M	1.03M	10.59M	21.29M	7.28M	686.00K	13.98M	18.11M	13.61M	943.00K	16.89M	17.98M	8.39M	802.00K	1.89M
Forecast	--	--	--	--	--	--	--	--	--	--	--	12.90M	55.70M	29.40M	1.90M	13.00M	50.70M	28.20M	1.90M	8.10M	28.00M	15.50M	700.00K	11.50M	40.60M	17.80M	400.00K	10.40M	22.20M	8.90M	300.00K	2.12M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+6.20%	+0.36%	+18.67%	+110.53%	+17.98%	-2.09%	-8.02%	-45.74%	+30.72%	-23.95%	-53.01%	-2.00%	+21.61%	-55.39%	-23.54%	+135.75%	+62.44%	-19.01%	-5.73%	+167.33%	-10.99%

ALCO

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ALCO Q1 2026 Earnings

Earnings Call

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ALCO

ALCO fundamentals

ALCO Q1 2026 Earnings

Earnings Call

ALCO Earnings Call Summary for Q1/20268:30 AM on Feb 5, 2026

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ALCO Earnings Call Summary for Q3/20258:30 AM on Aug 13, 2025

ALCO Earnings Call Summary for Q2/20258:30 AM on May 14, 2025

ALCO Earnings Call Summary for Q1/20258:30 AM on Feb 13, 2025

You can ask Aime