NASDAQ$ALCO
Alico Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced financial results for the third quarter of fiscal year 2022.
Alico Inc. reported net income attributable to common stockholders of $2.7 million, or $0.36 per diluted share, for the third quarter ended June 30, 2022. The results were impacted by a freeze event and greater fruit drop, leading to lower box production and pound solids per box. The company has updated its guidance for net income, EBITDA, adjusted net income and adjusted EBITDA for fiscal year 2022 to reflect the disappointing harvest season.
- Box production for past harvest season was down from the previous year due to a freeze event and greater fruit drop.
- Average pound solids per box was down from the previous year.
- Market prices per pound solids increased for the second consecutive year.
- Company’s latest ranch land sales sold at an average price of approximately $5,000 per acre. Interest from prospective buyers remains robust.
Headline financials
Revenue & EPS history
Alico · Revenue · Quarterly
$25.9M
Revenue by segment
Alico · $25.9M total across 2 segments · Q3 2022
- Alico Citrus$25.5M-25.5%98.4%
- Land Management and Other Operations$405K-35.3%1.6%
Forward guidance
The Company is revising its guidance for the fiscal year ended September 30, 2022 to reflect the lower than anticipated internal quality of the Valencia fruit, primarily resulting from the freeze event. In addition, certain ranch land sales transactions which were targeted to close before the end of fiscal year 2022 are now expected to close in fiscal year 2023.
Tailwinds
- Projecting fiscal year 2022 net income to be between $30.7 million and $33.3 million.
- Projecting fiscal year 2022 EBITDA to be between $52.6 million and $56.6 million.
- Projecting fiscal year 2022 adjusted EBITDA to be between $11.0 million and $13.0 million.
Headwinds
- The Company is now projecting fiscal year 2022 net income to decrease from its previous projection of between $35.6 million and $38.9 million to be between $30.7 million and $33.3 million.
- The Company is now projecting fiscal year 2022 adjusted net income (loss) to decrease from the previous projection of $(4.1) million and $(2.3) million to be between $(5.5) million and $(4.1) million.
- The Company is now projecting fiscal year 2022 EBITDA to decrease from its previous projection of $59 million and $64.2 million to be between $52.6 million and $56.6 million.
- The Company is now projecting fiscal year 2022 adjusted EBITDA to decrease from the previous projection of $13.0 million and $16.0 million to be between $11.0 million and $13.0 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
-0.1%
Avg return
Earnings day
-0.0%
Avg return
5 days after
-0.7%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+16.5%
Q4 2014
Best reaction
-9.5%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +1.0% | -0.6% | +1.3% | |
| Q1 2026 | -0.5% | -0.3% | -2.0% | |
| Q4 2025 | +4.6% | +9.7% | +13.5% | |
| Q2 2025 | +4.0% | +4.4% | +6.1% | |
| Q1 2025 | +0.8% | -1.4% | -3.8% | |
| Q4 2024 | +0.0% | +3.7% | -3.2% | |
| Q3 2024 | +0.2% | -4.8% | +0.5% | |
| Q2 2024 | +2.8% | +2.9% | -4.1% | |
| Q1 2024 | +0.5% | +5.4% | -5.6% | |
| Q4 2023 | +3.0% | +3.3% | +0.6% | |
| Q3 2023 | -4.3% | -4.0% | -9.2% | |
| Q2 2023 | -0.0% | -0.8% | +4.7% | |
| Q1 2023 | -2.3% | -3.1% | -6.5% | |
| Q4 2022 | -9.5% | -14.0% | -10.1% | |
| Q3 2022 | -8.8% | -9.4% | -5.7% | |
| Q2 2022 | +1.2% | +4.0% | +7.4% | |
| Q1 2022 | -5.8% | -6.6% | -4.9% | |
| Q4 2021 | -1.7% | -0.1% | +4.1% | |
| Q3 2021 | +0.4% | +0.2% | -0.6% | |
| Q2 2021 | +0.7% | +3.0% | +6.6% | |
| Q1 2021 | +0.8% | -0.6% | -1.8% | |
| Q4 2020 | +1.1% | +0.3% | -0.0% | |
| Q3 2020 | -0.6% | -1.8% | -7.2% | |
| Q2 2020 | -1.9% | -4.8% | +7.9% | |
| Q1 2020 | +1.2% | -1.0% | -11.1% | |
| Q4 2019 | +0.6% | +8.9% | +9.4% | |
| Q3 2019 | +0.4% | +2.7% | +2.7% | |
| Q2 2019 | -0.8% | -0.8% | +1.8% | |
| Q1 2019 | +0.8% | +1.3% | -0.5% | |
| Q4 2018 | -0.2% | +0.5% | -5.3% | |
| Q3 2018 | +2.9% | +3.5% | +3.7% | |
| Q2 2018 | -2.0% | -1.4% | -5.6% | |
| Q1 2018 | +3.5% | -0.6% | +4.6% | |
| Q4 2017 | -0.3% | -2.0% | -13.9% | |
| Q3 2017 | +0.3% | +1.6% | +8.0% | |
| Q2 2017 | +0.7% | +7.1% | +0.7% | |
| Q1 2017 | -1.3% | -5.9% | -8.6% | |
| Q4 2016 | -3.8% | +1.3% | -0.5% | |
| Q3 2016 | -0.1% | -0.1% | -2.1% | |
| Q2 2016 | -5.1% | — | — | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | -0.3% | — | — | |
| Q3 2015 | -0.2% | — | — | |
| Q2 2015 | -1.7% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | +16.5% | — | — | |
| Q3 2014 | +3.0% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q4 2013 | -0.8% | — | — | |
| Q3 2013 | -6.3% | — | — | |
| Q2 2013 | +2.8% | — | — | |
| Q1 2013 | -4.5% | — | — | |
| Q4 2012 | +4.2% | — | — | |
| Q3 2012 | -1.6% | — | — | |
| Q2 2012 | +3.3% | — | — | |
| Q1 2011 | -3.0% | — | — | |
| Q1 2012 | -3.0% | — | — | |
| Q2 2011 | -0.6% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q4 2010 | -0.4% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q2 2010 | +8.1% | — | — |
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