Alico is a Florida landowner that grows citrus trees for fresh fruit and juice, while also leasing its 83,000 acres for grazing, recreation, and mining.
Money comes from selling citrus and leasing land, but the TTM gross margin is -72.05% and net margin is 8.98%, meaning fruit sales lose money and only leases keep it barely profitable.
Its 83,000 acres of Florida farmland are scarce and hard to replicate, but citrus greening disease and weather risks weaken the core crop value. Competitors like Dole and Fresh Del Monte don't own this land base.
Key events, in time order
EPS of $0.29 beats consensus, revenue up and return to profitability
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Alico's strategic transformation is paying off, with land management revenue surging and offsetting a decline in citrus operations, leading to positive Q3 earnings.
Main discussion
$ALCO Q3 2026 earnings: The Pivot Pays Off: Leasing Surges as Citrus Fades Alico's Q3 results visually confirm the success of its strategic transformation. The legacy citrus business is virtually gone, replaced by a massive 1250% YoY surge in Land Management revenue. Net income f
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