trending Market Intelligence /marketintelligence/en/news-insights/trending/p1HhRnvFmbQyMr_eydu46g2 content esgSubNav
In This List

Alico fiscal Q3 profit falls YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Alico fiscal Q3 profit falls YOY

Alico Inc. said its normalized net income for the fiscal third quarter ended June 30 came to 63 cents per share, a decline of 48.2% from $1.22 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.2 million, a decrease of 48.1% from $10.1 million in the prior-year period.

The normalized profit margin declined to 11.2% from 14.0% in the year-earlier period.

Total revenue decreased 34.6% year over year to $46.9 million from $71.7 million, and total operating expenses decreased 32.7% on an annual basis to $35.9 million from $53.4 million.

Reported net income decreased 49.4% year over year to $4.7 million, or 56 cents per share, from $9.2 million, or $1.11 per share.