| Schedule of information by business segment |
Information by operating segment is as follows:
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| (in thousands) |
Three Months Ended
June 30, |
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Nine Months Ended
June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
| Revenues: |
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| Alico Citrus |
$ |
13,237 |
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$ |
6,712 |
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$ |
44,591 |
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$ |
37,917 |
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| Land Management and Other Operations |
373 |
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|
572 |
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1,117 |
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|
1,249 |
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| Total revenues |
13,610 |
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7,284 |
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45,708 |
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39,166 |
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| Operating expenses: |
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| Alico Citrus |
17,813 |
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(8,322) |
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82,062 |
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33,493 |
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| Land Management and Other Operations |
84 |
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104 |
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346 |
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300 |
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| Total operating expenses |
17,897 |
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(8,218) |
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82,408 |
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33,793 |
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| Gross profit: |
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| Alico Citrus |
(4,576) |
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15,034 |
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(37,471) |
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4,424 |
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| Land Management and Other Operations |
289 |
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468 |
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771 |
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|
949 |
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| Total gross (loss) profit |
$ |
(4,287) |
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$ |
15,502 |
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$ |
(36,700) |
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$ |
5,373 |
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| Depreciation, depletion and amortization: |
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| Alico Citrus |
$ |
3,660 |
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$ |
3,714 |
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$ |
11,111 |
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$ |
11,318 |
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| Land Management and Other Operations |
9 |
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23 |
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46 |
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41 |
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| Other Depreciation, Depletion and Amortization |
46 |
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101 |
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160 |
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326 |
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| Total depreciation, depletion and amortization |
$ |
3,715 |
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$ |
3,838 |
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$ |
11,317 |
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$ |
11,685 |
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| (in thousands) |
June 30,
2024 |
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September 30,
2023 |
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| Assets: |
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| Alico Citrus |
$ |
399,984 |
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$ |
415,030 |
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| Land Management and Other Operations |
13,245 |
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11,722 |
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| Other Corporate Assets |
1,373 |
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1,601 |
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| Total Assets |
$ |
414,602 |
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$ |
428,353 |
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The reconciliations of segment gross profit (loss) to consolidated income (loss) before income taxes are as follows:
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Three Months Ended June 30, |
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Nine Months Ended June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
| Alico Citrus |
$ |
(4,576) |
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$ |
15,034 |
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$ |
(37,471) |
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$ |
4,424 |
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| Land Management and Other Operations |
289 |
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|
468 |
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|
771 |
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|
949 |
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| Segment gross (loss) profit |
(4,287) |
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15,502 |
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(36,700) |
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5,373 |
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| General and administrative expenses |
2,441 |
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2,930 |
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8,034 |
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8,106 |
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| (Loss) income from operations |
(6,728) |
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12,572 |
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(44,734) |
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(2,733) |
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| Other income (expense), net: |
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| Interest income |
95 |
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— |
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345 |
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— |
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| Interest expense |
(628) |
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(1,196) |
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(2,896) |
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(3,618) |
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| Gain on property and equipment |
4,491 |
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2,605 |
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81,520 |
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7,368 |
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| Other income, net |
— |
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14 |
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— |
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44 |
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| Total other expense, net |
3,958 |
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1,423 |
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78,969 |
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3,794 |
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| (Loss) income before income taxes |
$ |
(2,770) |
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$ |
13,995 |
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$ |
34,235 |
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$ |
1,061 |
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