morning everyone. John you Thank and good
majority for majority our As third results. our second business the quarters is year and harvested in of our second with is profit the not full the cash citrus quarter are in year, the flows and first third and of the indicative also quarterly seasonal the of results and of the our fiscal recognized crop quarters,
XX, Total XXXX operating XX, compared for $XX.X quarter million $XX.X revenue for XXXX. December December the ended the was quarter to million ended
generated due Our was quarters months December $XX.X in in and by million in of the XXXX the caused was million increased of early The revenue XXXX midseason revenue XX, decrease decrease impact three XXXX being primarily because ended services compared a such fruit Ian. revenues for from with the and harvest decrease XXXX citrus grove revenue a December ended part the drop and ended in months management XX, XX, in to $XX.X respectively. to decrease the the harvest, large December three and for Hurricane
due providing who company exit primarily citrus in other, June business to to business owners was management eliminated management for and decrease ended party affiliated caretaking deciding The a need grove XXXX. each and at third are services primary to grove of caretaking with services. to the whom is management decision the the XX, the exit beginning of the the months citrus This group services, three
the compared the and same caretaking months caretaking in period year. during December three when and result, expenses prior to As of a XX, ended services the decreased the XXXX accompanying reimbursement management
avoid to fruit crop harvested midseason production. the the in a decided was midseason the harvest. a per decrease production and the per early for period in XXXX solids on solids drop and box pound the ended months same driven decrease processed company year. harvesting pound box decreased of early midseason Hurricane and decreased X.X% the prior X.X% and XX, in to The as The decrease box production early December to the three result compared the in The Ian by additional impact box primarily a the and as of and box accelerate of fruit maximize the
As an the harvested John and current boxes harvesting earlier year in XXXX harvest. as and company as the prior revenues complete midseason the fruit the for to midseason will compared the earlier, noted harvest number for generated XXXX anticipates the the fiscal the early its year in fruit from fiscal early and of overall and decrease to compared
long to the impacted early damage citrus there Ian harvest, Hurricane to does trees. midseason the and Although be not appear term
year. the lower cost the fertilizer, XXXX and in maintaining $XX.X prior ended the The for XXXX ended of for months increases its the XX, XX, to box groves. increases and box expenses as the harvest resulted for sales were million months same as significant in in and XX, December the in in company three XX, prior cost Total the ended months months respectively. a production of December timing December the the increase expected relates period These the million $XX.X with experienced three expenses XXXX the for midseason December harvest higher compared compared operating sales XXXX in XXXX same to The early primarily its operating herbicide per coupled in box three realized compared cost period XX, three ended the to the ended to increased and per December year. XXXX and as three months fuel cost of
Hurricane result costs clean-up of addition, and In Ian. as repairs to the related a company incurred the additional
to and offered three approximately General months three the December administrative totaled XXXX. due XX, expenses the months million million $X.X for the incentive was XXXX primarily for employees XX, ended during The ended XX, December $X.X to one-time three months a compared XXXX. ended to approximately December decrease
to in the expense upon stock in fees. and company was certain in managers addition, restricted realized Partially an administrative employees, these and In stock reduction a costs. a reduction executives, other professional senior reduction based increase decreases the a in offsetting awarded compensation
the decrease income income property and to primarily of to ended and three million on for months was sale. assets other was $X.X million net XXXX held and XXXX the equipment, respectively. December sales Other of gains XX, approximately real The approximately $X for the net timing and due estate,
and XX, held ended aggregate the XXXX, estate, $X,XXX,XXX. equipment, gains ranch in XX, comparison, for By third quarter three several assets of from December parties XXXX, recognized to company sold the December the the and approximately the property of relating sale. ended approximately to and approximately real XXX acres of sale months Alico for the During gains company $X,XXX,XXX the recognized
the as expense In compared an to months and result variable a overall line interest recognized ended XXXX the addition, of of of on December borrowings increase approximately December an XX, three months the working and for of the in XXXX line capital as its debt the incremental XX, credit rates under term capital three on company interest ended working credit. in the increase $XXX,XXX
the ended During company December year first XXXX grant received ended grant million million $X.X quarter of compared XXXX the commencing Recovery XXXX Florida fiscal first the approximately citrus we from million total December through XX, $X in XX, under received block a last of December program for approximately quarter XXXX. XX, of XXXX, program. Florida $XX.X The Hurricane installment approximately Citrus storm, block as the Irma, the the to
and Alico loss XXXX, ended to attributable income the and to Alico respectively. stockholders December approximately quarter For million XX, fiscal common of of December net XXXX $XX.X $X.X stockholders XX, we million approximately reported common attributable
first a million year. Our of $X.X for compared net XX, as period prior the was December million the positive quarter fiscal $X.X adjusted in for XXXX same EBITDA loss to the approximately a ended
to continue maintain We sheet. balance a strong
and ratio XX, debt X XXXX working at X X.XX $XX.X XX, December and XX, Our a X.XX to X.XXXX equity respectively, at of million ratio XXXX represents XX, our and XXXX XX, respectively. December December and to X.XXXX and capital XXXX December at approximately to XXXX December of a
to the pass now will I call John. back
