ALICO, INC. Files 10-Q for Period Ending March 31, 2024
Ticker: ALCO · Form: 10-Q · Filed: May 6, 2024 · CIK: 3545
Sentiment: neutral
Topics: 10-Q, Alico Inc, Financial Report, Q2 2024, Agriculture
TL;DR
<b>Alico, Inc. has filed its Q2 2024 10-Q report, detailing financial performance and operations.</b>
AI Summary
ALICO, INC. (ALCO) filed a Quarterly Report (10-Q) with the SEC on May 6, 2024. Alico, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the second quarter of fiscal year 2024. The company's fiscal year ends on September 30th. Alico, Inc. is engaged in Agriculture Production - Crops. The filing includes financial data for various periods, including Q2 2024 and Q2 2023.
Why It Matters
For investors and stakeholders tracking ALICO, INC., this filing contains several important signals. This filing provides investors with the latest financial results and operational updates for Alico, Inc., enabling informed investment decisions. Understanding the company's performance in Q2 2024, compared to prior periods, is crucial for assessing its current financial health and future prospects.
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 and does not inherently signal significant positive or negative developments beyond the reported figures.
Analyst Insight
Review the detailed financial statements and segment performance within the 10-Q to identify trends and potential investment opportunities or risks.
Key Numbers
- 2024-03-31 — Reporting Period End Date (CONFORMED PERIOD OF REPORT)
- 2024-05-06 — Filing Date (FILED AS OF DATE)
- 0930 — Fiscal Year End (FISCAL YEAR END)
Key Players & Entities
- ALICO, INC. (company) — FILER
- ALCO (company) — tk
- 2024-03-31 (date) — CONFORMED PERIOD OF REPORT
- 2024-05-06 (date) — FILED AS OF DATE
- FT. MYERS, FL (location) — BUSINESS ADDRESS
- 239-226-2000 (phone) — BUSINESS PHONE
FAQ
When did ALICO, INC. file this 10-Q?
ALICO, INC. filed this Quarterly Report (10-Q) with the SEC on May 6, 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 May 6, 2024. Key takeaways: Alico, Inc. filed a 10-Q report for the period ending March 31, 2024.. The filing covers the second 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 and does not inherently signal significant positive or negative developments beyond the reported figures.
What should investors do after reading ALICO, INC.'s 10-Q?
Review the detailed financial statements and segment performance within the 10-Q to identify trends and potential investment opportunities 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, focusing on agricultural commodities.
Are there regulatory concerns for ALICO, INC.?
The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting.
Industry Context
Alico, Inc. operates in the Agriculture Production - Crops sector, focusing on agricultural commodities.
Regulatory Implications
The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting.
What Investors Should Do
- Analyze Alico, Inc.'s revenue and profitability trends for Q2 2024.
- Examine any disclosures regarding operational risks or significant events in the Management's Discussion and Analysis section.
- Compare key financial metrics with historical data and industry benchmarks.
Key Dates
- 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
- 2024-05-06: Filing Date — Date the 10-Q report was officially filed with the SEC.
Year-Over-Year Comparison
This is the 10-Q filing for the quarter ending March 31, 2024, providing updated financial information since the previous filing.
Filing Stats: 4,740 words · 19 min read · ~16 pages · Grade level 18.6 · Accepted 2024-05-06 16:35:22
Key Financial Figures
- $250 — xcess of the federally insured limit of $250. The Company held U.S. Treasury Bills w
Filing Documents
- alco-20240331.htm (10-Q) — 1193KB
- alco-2024331xex311.htm (EX-31.1) — 9KB
- alco-2024331xex312.htm (EX-31.2) — 9KB
- alco-2024331xex321.htm (EX-32.1) — 5KB
- alco-2024331xex322.htm (EX-32.2) — 5KB
- 0000003545-24-000066.txt ( ) — 6265KB
- alco-20240331.xsd (EX-101.SCH) — 43KB
- alco-20240331_cal.xml (EX-101.CAL) — 61KB
- alco-20240331_def.xml (EX-101.DEF) — 223KB
- alco-20240331_lab.xml (EX-101.LAB) — 555KB
- alco-20240331_pre.xml (EX-101.PRE) — 398KB
- alco-20240331_htm.xml (XML) — 817KB
- 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 19
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 29
Controls and Procedures
Item 4. Controls and Procedures 29
- OTHER INFORMATION
Part II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 30
Risk Factors
Item 1A. Risk Factors 30
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 30
Mine Safety Disclosure
Item 4. Mine Safety Disclosure 30
Other Information
Item 5. Other Information 30
Exhibits
Item 6. Exhibits 31
Signatures
Signatures 32 PART I
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements Index to Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and September 30, 2023 1 Condensed Consolidated Statements of Operations for the three and six months ended March 31, 2024 and 2023 (Unaudited) 2 Condensed Consolidated Statements of Changes in Equity for the three and six months ended March 31, 2024 and 2023 (Unaudited) 3 Condensed Consolidated Statements of Cash Flows for the six months ended March 31, 2024 and 2023 (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6 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 forw