Alico, Inc. (“Alico” or the “Company”) (NASDAQ: ALCO) announced
today that John Kiernan, the Company’s Chief Executive Officer and
President, will present and host one-on-one meetings with investors
at the Sidoti January Virtual Investor Conference, taking place on
January 17th and 18th of 2024.
The presentation will begin at 8:15AM EST on January 17th and
can be accessed live here:
https://sidoti.zoom.us/webinar/register/WN_0cggnfidRDSKMh74VUwgiQ
Alico will also host virtual one-on-ones with investors on
Wednesday the 17th and Thursday the 18th, 2024. To register for the
presentation or one-on-ones, visit www.sidoti.com/events.
Registration is free and you don't need to be a Sidoti client.
ABOUT ALICO
Alico has over 125 years of experience as an agri-business, and
currently manages 49,000 acres of citrus groves in 7 counties
across 31 locations in Florida. Alico believes it is the largest
citrus grower in the U.S. and a primary supplier to Tropicana
Brands Group, a leading orange juice producer.
ABOUT SIDOTI EVENTS, LLC (“EVENTS”) AND SIDOTI &
COMPANY, LLC (“SIDOTI”)
In 2023, Sidoti & Company, LLC, Sidoti & Company, LLC
(www.sidoti.com) formed a sister company, Sidoti Events, LLC in
order to focus exclusively on its rapidly growing conference
business and to more directly serve the needs of presenters and
attendees. The relationship allows Events to draw on the 25 years
of experience Sidoti has as a premier provider of independent
securities research focused specifically on small and microcap
companies and the institutions that invest in their securities,
with most of its coverage in the $200 million-$5 billion market cap
range. Sidoti’s coverage universe comprises approximately 160
equities, of which 40 percent participate in the firm's rapidly
growing Company Sponsored Research ("CSR") program. Events is a
leading provider of corporate access through the eight investor
conferences it hosts each year. By virtue of its direct ties to
Sidoti, Events benefits from Sidoti’s small- and microcap-focused
nationwide sales force, which has connections with approximately
1,500 institutional relationships in North America. This enables
Events to provide multiple forums for meaningful interaction for
small and microcap issuers and investors specifically interested in
companies in the sector.
LEARN MORE ABOUT ALICO INC.
Alico, Inc. primarily operates two divisions: Alico Citrus, one
of the nation’s largest citrus producers, and Land Management and
Other Operations, which includes land leasing and related support
operations. Learn more about Alico (Nasdaq: "ALCO") at
www.alicoinc.com.
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements include, but are not limited
to, statements that express our expectations related to box
production and citrus pricing, the potential value of our land
holdings, our long-term debt targets, our ESG initiatives, our
intentions, beliefs, expectations, strategies, or any other
statements relating to our future activities or other future events
or conditions. These statements are based on our current
expectations, estimates and projections about our business and
assets based, in part, on assumptions made by our management and
can be identified by terms such as “will,” “should,” “expects,”
“plans,” ,”hopes,” “anticipates,” “could,” “intends,” “targets,”
“projects,” “contemplates,” “believes,” “estimates,” “forecasts,”
“predicts,” “potential” or “continue” or the negative of these
terms or other similar expressions.
These forward-looking statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results
may differ materially from what is expressed or forecasted in the
forward-looking statements due to numerous factors, including, but
not limited to: adverse weather conditions, natural disasters and
other natural conditions, including the effects of climate change
and hurricanes and tropical storms, particularly because our citrus
groves are geographically concentrated in Florida; damage and loss
from disease including, but not limited to, citrus greening and
citrus canker; any adverse event affecting our citrus business; our
ability to effectively perform grove management services, or to
effectively manage an expanded portfolio of groves; our dependency
on our relationship with Tropicana and Tropicana’s relationship
with certain third parties for a significant portion of our
business; our ability to execute our strategic growth initiatives
and whether they adequately address the challenges or opportunities
we face; product contamination and product liability claims; water
use regulations restricting our access to water; changes in
immigration laws; harm to our reputation; tax risks associated a
Section 1031 Exchange; risks associated with the undertaking of one
or more significant corporate transactions; the seasonality of our
citrus business; fluctuations in our earnings due to market supply
and prices and demand for our products; climate change, or legal,
regulatory, or market measures to address climate change; ESG
issues, including those related to climate change and
sustainability, biodiversity or diversity and inclusion; changes in
investor or other stakeholder sentiment or demand; increases in
labor, personnel and benefits costs; increases in commodity or raw
product costs, such as fuel and chemical costs; transportation
risks; any change or the classification or valuation methods
employed by county property appraisers related to our real estate
taxes; liability for the use of fertilizers, pesticides, herbicides
and other potentially hazardous substances; compliance with
applicable environmental laws; loss of key employees; material
weaknesses and other control deficiencies relating to our internal
control over financial reporting ; macroeconomic conditions, such
as rising inflation, the deadly conflicts in Ukraine and Israel,
and the COVID-19 pandemic; system security risks, data protection
breaches, cyber-attacks and systems integration issues; our
indebtedness and ability to generate sufficient cash flow to
service our debt obligations; higher interest expenses as a result
of variable rates of interest for our debt; our ability to continue
to pay cash dividends; and the other factors described under the
sections "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in. our Annual
Report on Form 10-K for the fiscal year ended September 30, 2023
filed with the Securities and Exchange Commission (the “SEC”) on
December 6, 2023, and in our Quarterly Reports on Form 10-Q, which
are available on the SEC’s website at http://www.sec.gov. Past
performance is not necessarily indicative of future results. Except
as required by law, we do not undertake an obligation to publicly
update or revise any forward-looking statement in this
presentation, whether as a result of new information, future
developments, or otherwise.
This presentation also contains financial projections that are
necessarily based upon a variety of estimates and assumptions which
may not be realized and are inherently subject, in addition to the
risks identified in the forward-looking statement disclaimer, to
business, economic, competitive, industry, regulatory, market and
financial uncertainties, many of which are beyond the Company’s
control. There can be no assurance that the assumptions made in
preparing the financial projections will prove accurate.
Accordingly, actual results may differ materially from the
financial projections.
INVESTOR RELATIONS CONTACTAny questions can be
emailed to: investorrelations@alicoinc.com
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