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Stock impact report

Alico, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 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 third quarter of fiscal year 2024 and the nine months ended June 30, 2024, the highlights of which are as follows: The Company previously announced that it entered a new three-year agreement to sell oranges to Tropicana at prices that are approximately 33% to 50% higher, over the life of the contract, than the average price for all the citrus fruit sold to Tropicana last season. The Company has now treated substantially all of its producing trees with Oxytetracycline (“OTC”) and anticipates that these 4.5 million trees will support meaningful production growth in the 2024-25 harvest season. The Company previously announced that it has continued to commit to its real estate activities by hiring Mitch Hutchcraft, who joined Alico as Executive Vice President of Real Estate in May 2024. The Company's Board of Directors is announcing, as part of its succession plan, the anticipated appointment of a current Director, Adam Putnam, as the next Chairman of the Show less Read more
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