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Stock impact report

Alico, Inc. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2024 [Yahoo! Finance]

Alico, Inc. (ALCO) 
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
Company Research Source: Yahoo! Finance
financial results for the fourth quarter and fiscal year ended September 30, 2024, the highlights of which are as follows: The Company reports net income attributable to Alico, Inc. common stockholders of $7.0 million and EBITDA of $29.7 million for the fiscal year ended September 30, 2024 . After adjusting for certain non-recurring items, the Company reports Adjusted EBITDA of $(3.8) million for the year ended September 30, 2024 Land sales continued during the fiscal year, with the Company selling approximately acres for approximately $86.2 million in gross proceeds. The Company had approximately $86.6 million of undrawn credit available under its revolving line of credit (the “RLOC”) as of September 30, 2024 On September 17, 2024, Alico amended its Credit Agreement with Metropolitan Life Insurance Company ("MetLife"), which, among other things (i) increased the borrowing capacity under the RLOC from $25 million to $95 million and (ii) extended the maturity date of the RLOC t Show less Read more
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