Brandon B. Rogers's questions to Alico Inc (ALCO) leadership • Q2 2025
Question
Brandon B. Rogers, on behalf of Gerry Sweeney, asked for details on the Q2 land sale, the basis for confidence in the increased $50 million land sale forecast, and key milestones for the Corkscrew Grove development project.
Answer
CFO Bradley Heine specified the Q2 sale was 2,100 acres in Henry County. CEO John Kiernan explained the confidence in the $50 million target stems from a negotiated agreement currently in due diligence, with other discussions ongoing. For the Corkscrew project, Kiernan identified the sequential approvals at local, state, and federal levels as the primary milestones to monitor.