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Alico, Inc. Reports Strong Financial Results and Discusses Future Plans
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Overview
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Alico, Inc. reports net income of $42.9 million in the first fiscal quarter, driven by the sale of Alico Ranch. The Citrus Division experienced increased revenue, while the Land Management Division saw revenue rise from new leases. The CEO discusses the sale of Alico Ranch, disappointing harvest results, and funding for combating citrus tree issues. A sustainability report emphasizing ESG priorities was published.
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How does the company's emphasis on ESG priorities align with its business goals?
How will the sale of Alico Ranch impact the company's future plans?
What steps is Alico taking to combat citrus tree issues?
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2024