Tropicana Supplier to End Citrus Output on Disease, Storms [Yahoo! Finance Canada]

Alico, Inc. (ALCO)
US:NASDAQ Investor Relations:
ir.stockpr.com/alicoinc/investor-home
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Florida-based company won't invest further in its citrus operations after the current crop is harvested in 2025, and instead will transform into a diversified land company, Alico said in a Monday statement. Shares of Alico were up as much as 29% on Monday, the most intraday in almost 16 years. The shift comes as Florida's citrus industry has struggled for decades from a devastating disease called greening, while hurricanes have brought continual damage to orange groves. Alico said its citrus production has declined more than 70% over the past 10 years. “We've explored all available options to restore our citrus operations to profitability, but the long-term production trend and the cost needed to combat citrus greening
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ALCO
News
- Florida has become such a popular place to move that real-estate developers are building homes on top of orange groves to accommodate the exploding population [Fortune]Fortune
- Alico, Inc. Takes Major Step in Strategic Transformation with Development Application for Master-Planned Community in Collier CountyGlobeNewswire
- Alico to Discuss Strategic Transformation Progress at the 37th Annual ROTH Conference [Yahoo! Finance]Yahoo! Finance
- Alico to Discuss Strategic Transformation Progress at the 37th Annual ROTH ConferenceGlobeNewswire
- Alico, Inc. (NASDAQ: ALCO) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
ALCO
Earnings
- 12/2/24 - Miss
ALCO
Sec Filings
- 3/14/25 - Form 8-K
- 2/28/25 - Form 8-K
- 2/12/25 - Form 10-Q
- ALCO's page on the SEC website