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Mar 31, 2022
Alico Q2 2022 Earnings Report
Alico's financial results for Q2 2022 were announced, showing a significant increase in net income attributable to common stockholders, driven by gains on real estate sales and a charitable deduction, despite challenges in citrus production due to fruit drop and a freeze event.
Key Takeaways
Alico, Inc. reported a notable increase in net income attributable to Alico common stockholders for the second quarter of fiscal year 2022. This growth was primarily driven by gains on the sale of real estate and a charitable deduction. However, the company faced challenges in its citrus operations due to lower processed box production and pound solids per box, impacted by fruit drop and a freeze event.
Box production decreased year-over-year due to increased fruit drop and a freeze event.
Average pound solids per box declined compared to the previous year.
Market prices per pound solids increased in fiscal year 2022.
The balance sheet remains strong with a working capital ratio of 2.88 to 1.00.
Alico
Alico
Alico Revenue by Segment
Revenue by Segment
Alico Citrus Revenue
CapyFin.comLand Mgmt & Other Ops Revenue
CapyFin.com Forward Guidance
The Company is reiterating its previously updated guidance for the fiscal year ended September 30, 2022
Positive Outlook
- The Company is projecting fiscal year 2022 net income to be between $35.6 million and $38.9 million.
- The Company is projecting for fiscal year 2022 adjusted net income (loss) (after adjusting out for expected non-recurring items, such as the real estate sales) to be between $(4.1) million and $(2.3) million.
- The Company is projecting fiscal year 2022 EBITDA to be between $59.0 million and $64.2 million.
- The Company is projecting for fiscal year 2022 adjusted EBITDA (after adjusting out for expected non-recurring items, such as the real estate sales) to be between $13.0 million and $16.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income