Alico Inc. is an agricultural company based in Fort Myers, Florida. The company was founded in 1960 and has since become a leading producer of oranges, sugarcane, and other crops in Florida.
Alico's primary business segments include agricultural operations and real estate. The company operates over 100,000 acres of land in Florida, where they grow oranges, sugarcane, and other crops. Alico is committed to sustainable farming practices, including the use of drip irrigation systems and other technologies that help conserve water and reduce the use of chemicals.
In addition to their agricultural operations, Alico also has a strong focus on real estate. The company owns and operates a portfolio of commercial and residential properties, primarily in Florida. Alico's real estate portfolio includes office buildings, industrial parks, and residential communities, among other properties.
One of the key strengths of Alico is their focus on innovation. The company invests heavily in research and development, with a focus on developing new and improved farming techniques, as well as new real estate developments that can meet the evolving needs of the marketplace. This approach has allowed Alico to stay at the forefront of the rapidly-evolving agricultural and real estate industries.
Financially, Alico has a strong track record of growth and profitability. The company reported revenue of $118 million in 2020, representing an increase of 6% over the previous year. Net income for the same period was $8.5 million, compared to $5.5 million in the previous year.
Alico's stock is publicly traded on the NASDAQ stock exchange under the ticker symbol ALCO. The company has a market capitalization of approximately $235 million as of September 2021.
Alico Inc. is an agricultural company that is focused on sustainable farming practices and innovative real estate developments. The company's focus on innovation, sustainability, and strong financial performance make them an attractive partner for investors seeking exposure to the agriculture and real estate sectors. With their extensive experience and investment in R&D, Alico is well-positioned to continue to develop innovative solutions that can meet the evolving needs of their customers and contribute to a more sustainable future.