Alico, Inc. Files Q4 2024 Report

Ticker: ALCO · Form: 10-Q · Filed: Feb 12, 2025 · CIK: 3545

Sentiment: neutral

Topics: 10-Q, quarterly-report, filing

Related Tickers: ALCO

TL;DR

ALCO filed its 10-Q for Dec 31, 2024. All systems go.

AI Summary

Alico, Inc. filed its quarterly report for the period ended December 31, 2024. The company is registered with the SEC under file number 0-261 and its common stock trades on the Nasdaq Global Select Market under the symbol ALCO. Alico's principal executive offices are located at 10070 Daniels Interstate Court, Suite 200, Fort Myers, FL 33913.

Why It Matters

This filing provides investors with an update on Alico, Inc.'s financial performance and operational status for the quarter ending December 31, 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing and does not contain immediate red flags.

Key Players & Entities

FAQ

What is the Commission File Number for Alico, Inc.?

The Commission File Number for Alico, Inc. is 0-261.

On which exchange does Alico, Inc. trade?

Alico, Inc. common stock trades on the Nasdaq Global Select Market.

What is the trading symbol for Alico, Inc. common stock?

The trading symbol for Alico, Inc. common stock is ALCO.

What is the address of Alico, Inc.'s principal executive offices?

The address of Alico, Inc.'s principal executive offices is 10070 Daniels Interstate Court, Suite 200, Fort Myers, FL 33913.

For what period did Alico, Inc. file this quarterly report?

Alico, Inc. filed this quarterly report for the period ended December 31, 2024.

Filing Stats: 4,593 words · 18 min read · ~15 pages · Grade level 19.7 · Accepted 2025-02-12 16:09:27

Key Financial Figures

Filing Documents

- 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 30

Controls and Procedures

Item 4. Controls and Procedures 30

- OTHER INFORMATION

Part II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 31

Risk Factors

Item 1A. Risk Factors 31

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 43

Mine Safety Disclosure

Item 4. Mine Safety Disclosure 43

Other Information

Item 5. Other Information 43

Exhibits

Item 6. Exhibits 44

Signatures

Signatures 46 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, 2024 (Unaudited) and September 30, 202 4 1 Condensed Consolidated Statements of Operations for the three months ended December 31 , 2024 and 2023 (Unaudited) 2 Condensed Consolidated Statements of Changes in Equity for the three months ended December 31 , 2024 and 2023 (Unaudited) 3 Condensed Consolidated Statements of Cash Flows for the three months ended December 31 , 2024 and 2023 (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, expectations regarding income taxes, statements regarding the Company's planned Strategic Transformation (as defined herein) and reduction in force, plans to sell vehicles and equipment used in the Company's citrus production operations, expectations regarding acceleration of depreciation of the remaining book value of the Company's citrus trees, the future of the Company's lan

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