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Sep 30, 2022
Alico Q4 2022 Earnings Report
Alico reported a net loss attributable to common stockholders of $21.08 million for Q4 2022.
Key Takeaways
Alico, Inc. reported financial results for the fourth quarter and fiscal year ended September 30, 2022. The company experienced a net loss attributable to Alico, Inc. common stockholders of $21.08 million for the quarter. The results were impacted by weather events, specifically Hurricane Ian, which caused significant fruit drop and losses.
The Company reported a net loss attributable to Alico, Inc. common stockholders of $21.08 million for the fourth quarter of 2022.
EBITDA for the quarter was reported as a loss of $19.84 million.
Adjusted EBITDA for the quarter was $2.98 million.
The company's financial results were impacted by approximately $23.0 million of one-time items for casualty losses and inventory adjustments related to the impact of Hurricane Ian.
Alico
Alico
Forward Guidance
Alico will not at this time be providing investors with financial guidance for the 2023 fiscal year due to uncertainty related to Hurricane Ian.