Alico Inc · Q1 2021 earnings

Briefing

Alico reported an increase in net income and earnings per share compared to the same quarter last year, driven by gains on real estate sales. Adjusted loss per share improved, and adjusted EBITDA also increased.

Alico, Inc. reported a net income attributable to common stockholders of $3.8 million, or $0.51 per diluted share, for the fiscal quarter ended December 31, 2020. This compares to a net income of $0.8 million, or $0.11 per diluted share, for the same period last year. The increase was primarily due to gains from real estate sales. The company reaffirms guidance of net income, EBITDA, adjusted net income and adjusted EBITDA for fiscal year 2021.

• Net income attributable to Alico common stockholders increased due to gains on the sale of real estate.
• Adjusted loss per diluted common share improved compared to the previous year.
• Adjusted EBITDA increased year-over-year.
• Company reaffirms guidance of net income, EBITDA, adjusted net income and adjusted EBITDA for fiscal year 2021.

Headline financials

Revenue & EPS history

The Company is reaffirming its guidance for the fiscal year ended September 30, 2021 as follows: The Company is projecting net income to be between $7.5 million and $10.0 million. Fiscal year 2021 adjusted net income (after adjusting for certain expected non-recurring items) is expected to be between $4.5 million and $6.9 million. The Company is projecting EBITDA between $29.0 million and $33.0 million. Fiscal year 2021 adjusted EBITDA (after adjusting for certain expected non-recurring items) is expected to be between $25.0 million and $28.8 million.