The strong headline beat and raised guidance are positive, but the company is in a multi-year transformation from citrus to land development, making year-over-year comparisons unreliable. Monitor progress on Corkscrew Grove permitting (federal/state) and the pace of land lease/development revenue conversion for sustained upside.
Price Chart
Executive Summary
Alico reported Q3 2026 GAAP EPS of $0.29, a 139.7% beat vs consensus of -$0.73, and revenue of $9.04M, beating the $2.8M estimate by 222.9%. The company raised its FY2026 Adjusted EBITDA guidance to ~$15M (from ~$14M) and ended the quarter with $55.6M cash, extending its runway through FY2029. The beat is driven by a shift to land leasing and development, but the underlying business is still in transition from wind-down of citrus operations, making the headline numbers non-comparable year-over-year.
Key Financial Metrics
Key Facts
- Q3 2026 GAAP EPS of $0.29 vs consensus -$0.73 (139.7% beat)
- Q3 2026 revenue of $9.04M vs consensus $2.8M (222.9% beat)
- FY2026 Adjusted EBITDA guidance raised to ~$15M from ~$14M
- Cash and cash equivalents of $55.6M at June 30, 2026; net debt reduced to $29.8M
- Company completed $10.0M share repurchase program, buying ~245,000 shares
- Entered agricultural lease for ~3,280 acres with a $29.5M purchase option
- Corkscrew Grove East Village received local entitlement approval in April 2026; state/federal permitting underway
Financial Impact
EPS beat of $1.02 vs consensus; revenue beat of $6.24M vs consensus; guidance raised by ~$1M Adjusted EBITDA
Risk Factors
- Multi-year transformation from citrus to land development creates earnings unpredictability
- Corkscrew Grove development depends on federal/state permitting timeline (construction not expected until 2028-2029)
- Revenue still heavily dependent on episodic land sales and lease income rather than recurring operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000003545-26-000041 |
| Document: alco-20260810.htm | 0000003545-26-000041 |
| Document: 0000003545-26-000041-index-headers.html | 0000003545-26-000041 |
| Document: 0000003545-26-000041-index.html | 0000003545-26-000041 |
| Document: 0000003545-26-000041.txt | 0000003545-26-000041 |
| 8-K Data (Synthetic) | 0000003545-26-000041 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | 8-K | $41.40 $39.87 | ▼ −3.70% | ▼ −2.64% | $37.22 (−10.10%) |
Aug 10, 2026 11w ago | Press Release | $41.40 $39.87 | ▼ −3.70% | ▼ −2.64% | $37.22 (−10.10%) |
Jul 17, 2026 14w ago | 8-K | $40.24 $39.07 | ▼ −2.91% | ▼ −7.03% | $37.22 (−7.50%) |
Jun 15, 2026 19w ago | 8-K | $40.20 $40.95 | ▲ +1.87% | ▲ +1.67% | $37.22 (−7.41%) |
Apr 27, 2026 26w ago | Press Release | $41.92 $41.21 | ▼ −1.69% | ▼ −7.16% | $37.22 (−11.21%) |
US Market Status
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