compared the our to second good the the million to are also $XX.X for not of flows operating third and the XX, and second in our year of quarter million Due March quarter results XXXX, majority of business, XX, $XX.X profit for is of quarter crop full March indicative our the and quarters.
Total John, of results. year, revenue The citrus our the XXXX. majority with in was the nature fiscal everyone. you, third quarterly recognized Thank the quarters and cash our for ended harvested morning, seasonal ended second
quarters primarily both box and crop will million early XX, and XX.X solids in the decrease XXXX/XXXX and boxes process mid-season the harvested for Florida a due March to XXXX X USDA to and, in respect a the of to the approximately XXXX, USDA and in the X ended to to citrus million by early box. in forecast fruit the primarily was production to a compared for revenue a XXXX/XXXX the decrease year decrease harvest Hurricane expects and indicated mid-season from crop its boxes The in XX, April of from as the extent, generated of was early fruit process and harvested decrease overall million mid-season greater respectively. decrease $XX XX.X% Valencia lesser the due XXXX months crop, XX%.
With citrus box months in the XXXX, in management and a a the the crop XXXX, decrease ended for a XXXX, The per impacts for forecasted Our -- approximately XX.X for orange March approximately Ian. crop ended year, revenue decrease March services.
The The drop pound fruit result decline. and revenue a XX, was million decrease XX, decrease was $XX.X production XXXX, driven Valencia growth season
the for was season down XX%. and early mid-season Our crop
is XX.X%. decrease forecasting although Regarding XX, production the XX.X%. was the a crop, Valencia our of XXXX, as March Valencia USDA And box of down
decrease in a closer that the will to expect production year-over-year box We box USDA in estimate. decline Valencia be the projected
our our not citrus previous fiscal in impact be an was there box strong not it internal mainly year in to solids due The there fruit trees. to the as does as decrease was to appear While damage XXXX our being measurable pound of to per the year. crop, quality was long-term
addition, as to impact early the of accelerated our harvesting In Hurricane crop box Ian to a the with of Valencia fruit and both minimize of production. mid-season we result drop intent maximize the the and the
to to result, to inventory the These in and the pound Valencia production both production per company year. lower lower per led X.X% the XXXX, box cost which solid. overall coupled levels. pound expenses harvest overall cost for to groves. operating of adjustments months the to balance box a timing the Total the of increase compared process be same to period were per March a early inventory Hurricane year XXXX, solid as was production price million hauling company ended fertilizer, in as Ian, due to the expenses and ended resulted X-month in the its The March fiscal The the in an which XX, recorded in was inventory and in lower XX, an has in period of XXXX, decrease in in and same in months primarily the the reduced $XX.X as fuel The realized compared prior and lowered March sales box.
Partially prior year experienced X the compared mid-season the its as harvest same X XXXX's improvement herbicide, As year. effectively solids its decrease the offsetting per citrus period the fruit, realized the with for harvest for $XX.X box of we higher maintaining the inventory per result price relates pound cost in in the period expenses. year decrease in in pound solid operating ended box fiscal impact of labor for million in prior blended expensed a significant increases increases XXXX.
The ending a the XX,
box year increased by as the drop in a XXXX, labor the to to harvesting as harvesters fill However, to months for time the the an as increase in boxes ended March the X fruit result the period caused increased prior the the per cost as of the well harvesting increased compared Ian. Hurricane cost same by due spent XX,
Hurricane company the in repairs X company March of Management June Grove the Services Management XX, hurricane and to The ended months related the approximately the XXXX, in the by also termination Services million $X.X the additional Ian. cleanup received decrease Grove expense to The XXXX. proceeds. owners related Grove in costs of directly incurred insurance is During
decision to for the for previously Grove citrus services eliminated need caretaking the mentioned, owners by As management the the exit business Grove owners. the
primarily the months and same $X,XXX,XXX decreased result, prior XX, increase increase to XX, a in is as was the XXXX The held approximately March XX, As X months and caretaking XXXX, to income period expenses $X.X timing to the months $X,XXX,XXX period gains March X to sale prior primarily assets XXXX and the compared for other real income ended professional decrease to months the compared XXXX. net million, in X year.
General for ended on estate March when compared for to of legal in the was and during for million year. March was property, due administrative due XX, significantly respectively. approximately net ended Other same fees $XX.X and the the the XXXX, expenses the approximately of ended equipment X The sale.
the company assets real XXXX, in the to Alico XX, $XX.X gains During approximately approximately ended and aggregate sale. March to the approximately XXXX, held third months estate million gains acres By from XX, recognized sold parties for for and recognized the sale quarter and comparison, of March $X.X the equipment XXX company property the of of several X relating million. ended ranch
the same a recognized the interest of expense year variable of rates line the months credit. in period ended approximately prior of compared an $X.X an the company on on term XX, a XXXX, overall as capital addition, the million X as in capital the in rate increase the interest balance its and and March working credit for line debt to of In result higher increase working
XXXX, of quarter stockholders the Alico For Alico reported attributable approximately million, to million and ended loss approximately March $X.X stockholders income common and respectively. $XX.X of we net fiscal attributable XX, to XXXX, common
EBITDA a fiscal same as Alico prior a of $X.X year. strong XX, was the March million adjusted the the sheet. maintain quarter Our period million compared $X.X to balance continues second approximately in XXXX, for loss to ended for positive a
representing $XX.X at approximately March was capital working a XX, X.XX:X Our ratio. XXXX, million
pass ratio We continue the back at a the March XXXX, XX, call were ratios solid XXXX, to X.XX:X; debt-to-equity September now XX, and John. X.XX:X; XX, and will to X.XX:X, maintain XXXX, September respectively.
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