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 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues:        
Total operating revenues $ 13,610 $ 7,284 $ 45,708 $ 39,166
Operating expenses:        
Total operating expenses 17,897 (8,218) 82,408 33,793
Gross (loss) profit (4,287) 15,502 (36,700) 5,373
General and administrative expenses 2,441 2,930 8,034 8,106
(Loss) income from operations (6,728) 12,572 (44,734) (2,733)
Other expense, net:        
Interest income 95 0 345 0
Interest expense (628) (1,196) (2,896) (3,618)
Gain on property and equipment 4,491 2,605 81,520 7,368
Other income, net 0 14 0 44
Total other expense, net 3,958 1,423 78,969 3,794
(Loss) income before income taxes (2,770) 13,995 34,235 1,061
Income tax (benefit) provision (861) 1,923 9,721 306
Net (loss) income (1,909) 12,072 24,514 755
Net (loss) income attributable to noncontrolling interests (135) (240) 583 140
Net (loss) income attributable to Alico, Inc. common stockholders $ (2,044) $ 11,832 $ 25,097 $ 895
Earnings per common share:        
Basic (in dollars per share) $ (0.27) $ 1.56 $ 3.29 $ 0.12
Diluted (in dollars per share) $ (0.27) $ 1.56 $ 3.29 $ 0.12
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,624 7,605 7,620 7,599
Diluted (in shares) 7,624 7,605 7,620 7,599
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
Alico Citrus        
Operating revenues:        
Total operating revenues $ 13,237 $ 6,712 $ 44,591 $ 37,917
Operating expenses:        
Total operating expenses 17,813 (8,322) 82,062 33,493
Land Management and Other Operations        
Operating revenues:        
Total operating revenues 373 572 1,117 1,249
Operating expenses:        
Total operating expenses $ 84 $ 104 $ 346 $ 300