Alico Raises FY26 EBITDA Outlook to $15M, Shares Jump 7.5%
ALCO sits 35% above its 52-week low of $31.32.
Summary
Alico raised its full-year adjusted EBITDA guidance to $15 million, a concrete target that signals confidence in its turnaround. The company swung to a Q2 net profit of $2.13 million, or 29 cents per share, from a steep loss a year ago, with revenue up 7.7% to $9.04 million. Shares rose 7.5% to $41.97 in the next trading session, adding to a 15% year-to-date gain. CEO John Kiernan said the company is reviewing its cost structure and cutting overhead to improve cash flow. This follows yesterday's Q3 report and 8-K filing, which detailed the profit swing and a major land lease with U.S. Sugar.
At the time of this announcement, ALCO was trading at $42.30 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $313.7M. The 52-week trading range was $31.32 to $45.01. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.