Alico Swings to Q3 Profit, Raises FY EBITDA Guidance to $15M
ALCO sits 25% above its 52-week low of $31.32.
Summary
Alico reported a strong Q3, swinging to a $1.57M net profit from a prior-year loss, driven by a 7.7% revenue jump to $9.04M — more than triple the $2.75M consensus. Adjusted EBITDA of $4.60M crushed the -$3.05M estimate. The company raised its full-year adjusted EBITDA guidance to approximately $15M and expects to end the year with $48M in cash against $37M in net debt, extending its operating runway through 2029 without needing further asset sales. A $10M share buyback was also completed. This follows the June agricultural lease deal with U.S. Sugar and the CEO contract extension, reinforcing the successful pivot from citrus to land leasing and development.
At the time of this announcement, ALCO was trading at $39.06 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $289.7M. 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: Reuters.