ALICO, INC. Files 10-Q for Period Ending December 31, 2023
Ticker: ALCO · Form: 10-Q · Filed: Feb 7, 2024 · CIK: 3545
Complexity: simple
Sentiment: neutral
Topics: Alico Inc, 10-Q, Quarterly Report, Agriculture, Financials
TL;DR
<b>Alico, Inc. has filed its Q1 2024 10-Q report, detailing financial performance for the quarter ending December 31, 2023.</b>
AI Summary
ALICO, INC. (ALCO) filed a Quarterly Report (10-Q) with the SEC on February 7, 2024. Alico, Inc. filed a 10-Q report for the period ending December 31, 2023. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on September 30th. Alico, Inc. is primarily engaged in Agriculture Production - Crops. The filing includes financial data for the periods ending December 31, 2023, September 30, 2023, and December 31, 2022.
Why It Matters
For investors and stakeholders tracking ALICO, INC., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial performance and operational updates for Alico, Inc. Understanding the details within this report is crucial for assessing the company's current financial health, strategic direction, and future prospects in the agriculture sector.
Risk Assessment
Risk Level: medium — ALICO, INC. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, specific financial performance details and forward-looking statements within the report could introduce medium-level risk depending on their nature.
Analyst Insight
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Alico, Inc.'s performance in Q1 2024 and identify any significant trends or risks.
Key Numbers
- 2023-12-31 — Period End Date (CONFORMED PERIOD OF REPORT)
- 2024-02-07 — Filing Date (FILED AS OF DATE)
- 09-30 — Fiscal Year End (FISCAL YEAR END)
Key Players & Entities
- ALICO, INC. (company) — FILER
- 0000003545 (company) — CENTRAL INDEX KEY
- 239-226-2000 (dollar_amount) — BUSINESS PHONE
- 20231231 (date) — CONFORMED PERIOD OF REPORT
- 20240207 (date) — FILED AS OF DATE
- 2024 Q1 (date) — Fiscal Quarter
Forward-Looking Statements
- ALICO's performance will continue to be heavily influenced by citrus crop yields and market prices. (ALICO, INC.) — high confidence, target: 2024-09-30
- The Land Management and Other Operations segment will likely provide a more stable revenue stream compared to the volatile citrus segment. (ALICO, INC.) — medium confidence, target: 2024-09-30
FAQ
When did ALICO, INC. file this 10-Q?
ALICO, INC. filed this Quarterly Report (10-Q) with the SEC on February 7, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by ALICO, INC. (ALCO).
Where can I read the original 10-Q filing from ALICO, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ALICO, INC..
What are the key takeaways from ALICO, INC.'s 10-Q?
ALICO, INC. filed this 10-Q on February 7, 2024. Key takeaways: Alico, Inc. filed a 10-Q report for the period ending December 31, 2023.. The filing covers the first quarter of fiscal year 2024.. The company's fiscal year ends on September 30th..
Is ALICO, INC. a risky investment based on this filing?
Based on this 10-Q, ALICO, INC. presents a moderate-risk profile. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, specific financial performance details and forward-looking statements within the report could introduce medium-level risk depending on their nature.
What should investors do after reading ALICO, INC.'s 10-Q?
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Alico, Inc.'s performance in Q1 2024 and identify any significant trends or risks. The overall sentiment from this filing is neutral.
How does ALICO, INC. compare to its industry peers?
Alico, Inc. operates in the Agriculture Production - Crops sector, a key industry focused on cultivating and harvesting agricultural products.
Are there regulatory concerns for ALICO, INC.?
As a publicly traded company, Alico, Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly reports (10-Q).
Industry Context
Alico, Inc. operates in the Agriculture Production - Crops sector, a key industry focused on cultivating and harvesting agricultural products.
Regulatory Implications
As a publicly traded company, Alico, Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly reports (10-Q).
What Investors Should Do
- Analyze the financial statements (balance sheet, income statement, cash flow) for the quarter ended December 31, 2023.
- Review the Management's Discussion and Analysis of Financial Condition and Results of Operations for insights into performance drivers.
- Identify any new risk factors or changes in existing risk factors disclosed in the filing.
Key Dates
- 2023-12-31: Period End Date — End of the reporting quarter for the 10-Q filing.
- 2024-02-07: Filing Date — Date the 10-Q report was officially filed with the SEC.
Year-Over-Year Comparison
This is the initial 10-Q filing for the fiscal year 2024, providing the first set of quarterly financial data for the current fiscal year.
Filing Stats: 4,613 words · 18 min read · ~15 pages · Grade level 19.1 · Accepted 2024-02-07 16:54:22
Filing Documents
- alco-20231231.htm (10-Q) — 883KB
- alco-20231231xex311.htm (EX-31.1) — 9KB
- alco-20231231xex312.htm (EX-31.2) — 9KB
- alco-20231231xex321.htm (EX-32.1) — 5KB
- alco-20231231xex322.htm (EX-32.2) — 5KB
- 0000003545-24-000034.txt ( ) — 5487KB
- alco-20231231.xsd (EX-101.SCH) — 42KB
- alco-20231231_cal.xml (EX-101.CAL) — 63KB
- alco-20231231_def.xml (EX-101.DEF) — 209KB
- alco-20231231_lab.xml (EX-101.LAB) — 604KB
- alco-20231231_pre.xml (EX-101.PRE) — 388KB
- alco-20231231_htm.xml (XML) — 593KB
- FINANCIAL INFORMATION
Part I - FINANCIAL INFORMATION
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements 1
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 27
Controls and Procedures
Item 4. Controls and Procedures 27
- OTHER INFORMATION
Part II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 28
Risk Factors
Item 1A. Risk Factors 28
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 28
Mine Safety Disclosure
Item 4. Mine Safety Disclosure 28
Other Information
Item 5. Other Information 28
Exhibits
Item 6. Exhibits 29
Signatures
Signatures 31 PART I
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements Index to Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets as of December 31, 2023 (Unaudited) and September 30, 2023 1 Condensed Consolidated Statements of Operations for the three months ended December 31, 2023 and 2022 (Unaudited) 2 Condensed Consolidated Statements of Changes in Equity for the three months ended December 31, 2023 and 2022 (Unaudited) 3 Condensed Consolidated Statements of Cash Flows for the three months ended December 31, 2023 and 2022 (Unaudited) 4 Notes to Condensed Consolidated Financial Statements (Unaudited) 5 Table of Contents Cautionary Note Regarding Forward-Looking Information This Quarterly Report on Form 10-Q (the "Quarterly Report") contains certain forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical fact contained in this Quarterly Report are forward-looking statements, including without limitation, statements regarding future actions, business plans and prospects, prospective products, trends, future performance or results of current and anticipated products, sales efforts, expenses, interest rates, the outcome of contingencies, plans relating to dividends, government regulations, the adequacy of our liquidity to meet our needs for the foreseeable future, our expectations regarding the continued impact of Hurricane Ian, and our expectations regarding market conditions. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forwar