Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Operating revenues:        
Total operating revenues $ 18,113 $ 21,294 $ 32,098 $ 31,882
Operating expenses:        
Total operating expenses 36,271 27,622 64,511 42,011
Gross profit (18,158) (6,328) (32,413) (10,129)
General and administrative expenses 2,321 2,667 5,593 5,176
Loss from operations (20,479) (8,995) (38,006) (15,305)
Other income (expense), net:        
Interest income 155 0 250 0
Interest expense (663) (1,274) (2,268) (2,422)
Gain on property and equipment 4 1,574 77,029 4,763
Other income, net 0 30 0 30
Total other income (expense), net (504) 330 75,011 2,371
(Loss) income before income taxes (20,983) (8,665) 37,005 (12,934)
Income tax (benefit) provision (4,970) (534) 10,582 (1,617)
Net (loss) income (16,013) (8,131) 26,423 (11,317)
Net loss attributable to noncontrolling interests 209 344 718 380
Net (loss) income attributable to Alico, Inc. common stockholders $ (15,804) $ (7,787) $ 27,141 $ (10,937)
(Loss) earnings per common share:        
Basic (in dollars per share) $ (2.07) $ (1.02) $ 3.56 $ (1.44)
Diluted (in dollars per share) $ (2.07) $ (1.02) $ 3.56 $ (1.44)
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,620 7,599 7,618 7,596
Diluted (in shares) 7,620 7,599 7,618 7,596
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Alico Citrus        
Operating revenues:        
Total operating revenues $ 17,762 $ 20,937 $ 31,354 $ 31,205
Operating expenses:        
Total operating expenses 36,142 27,520 64,249 41,815
Land Management and Other Operations        
Operating revenues:        
Total operating revenues 351 357 744 677
Operating expenses:        
Total operating expenses $ 129 $ 102 $ 262 $ 196