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Sep 30, 2021
Alico Q4 2021 Earnings Report
Alico reported mixed results with a net loss, but adjusted EBITDA increased slightly compared to the same quarter last year.
Key Takeaways
Alico, Inc. reported a net loss attributable to common stockholders of $(0.972) million for Q4 2021, compared to a net income of $17.204 million for Q4 2020. EBITDA was $3.487 million, a decrease from $27.846 million in the prior year. Adjusted EBITDA increased to $1.324 million from $1.098 million in the same quarter last year. The company's fiscal year 2021 financial results were in line with net income, EBITDA, and adjusted EBITDA guidance, and exceeded adjusted net income guidance.
Net loss attributable to Alico, Inc. common stockholders was $(0.972) million for the quarter.
EBITDA decreased to $3.487 million.
Adjusted EBITDA increased to $1.324 million.
Company maintains a strong balance sheet
Alico
Alico
Forward Guidance
The Company is providing the following net income, adjusted net income, EBITDA and adjusted EBITDA guidance for the fiscal year ending September 30, 2022.
Positive Outlook
- Fiscal year 2022 net income is projected to be between $10.7 million and $12.7 million.
- Fiscal year 2022 adjusted net income (after adjusting for certain expected non-recurring items) is projected to be between $5.4 million and $7.1 million.
- Fiscal year 2022 EBITDA is projected between $33.7 million and $37.1 million.
- Fiscal year 2022 adjusted EBITDA (after adjusting for certain expected non-recurring items) is projected to be between $26.0 million and $29.0 million.
- The above guidance only includes estimates of gains from asset sales for sales transactions that have closed in fiscal year 2022 to date.