ALICO, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, filed on August 9, 2010, discloses the results of operations for ALICO, INC. for the three-month period ended June 30, 2010.
Key Financial Metrics
| Metric | Q2 2010 | Q2 2009 |
|---|---|---|
| Operating Revenues | $28.4 million | $31.2 million |
| Operating Income | $3.8 million | $2.1 million |
| Net Income | $2.3 million | $0.609 million |
| Earnings Per Share | $0.31 | $0.08 |
The filing text does not provide specific values for cash flow, debt levels, liquidity ratios, or gross margins.
Material Changes
- Net Income: Increased significantly from $609,000 in the prior year period to $2.3 million, representing a 277% increase.
- Operating Income: Rose from $2.1 million to $3.8 million.
- Revenue: Declined by approximately 9% from $31.2 million to $28.4 million.
Management Commentary and Drivers
Management attributed the increase in operating income primarily to improvements in agriculture operations and lower general and administrative costs, despite the decline in total operating revenues.
Investor Verification Checklist
- Verify the specific nature of "improvements in agriculture operations" driving the margin expansion.
- Confirm the details of the reduction in general and administrative costs.
- Review the full press release (Exhibit 99.1) for segment-level data not included in this summary.
- Check subsequent filings for cash flow and balance sheet data, as this 8-K does not contain them.