Overview

* Alico ( ALCO ) Q3 revenue falls 38.4% yr/yr, missing analyst expectations, per LSEG data

* Adjusted EBITDA for Q3 beats estimates

* Company completes final major citrus harvest, focusing on land development

Outlook

* Company expects to end fiscal year 2025 with cash to cover expenses through fiscal year 2027

* Company expects fiscal year 2025 adjusted EBITDA of approximately $20 mln

Result Drivers

* ASSET SALES - Over $9 mln generated from land and equipment sales, exceeding land sales target

* INSURANCE RECOVERY - $16 mln in crop insurance proceeds bolstered cash position and liquidity profile

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $8.39 $8.90

Revenue mln mln (1

Analyst)

Q3 EPS -$2.39

Q3 Net -$18.29

Income mln

Q3 Beat $19.27 $400,000

Adjusted mln (1

EBITDA Analyst)

Q3 $19.20

EBITDA mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the fishing & farming peer group is "buy"

* Wall Street's median 12-month price target for Alico Inc ( ALCO ) is $34.25, about 5.4% above its August 11 closing price of $32.40

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)