Shares of Alico rose after the Florida agribusiness and land management company raised its fiscal 2026 adjusted earnings before interest, taxes, depreciation and amortization outlook and swung to a second-quarter profit.

The stock was up 7.5% to $41.97 in recent trading, and rose 15% since the start of the year.

The company posted net income of $2.13 million, or 29 cents a share, compared with a loss of $18.3 million, or $2.39 a share, a year earlier.

Revenue rose 7.7% to $9.04 million.

Chief Executive John Kiernan said the company was reviewing its operating cost structure to improve cash flow and executing a number of initiatives to reduce overhead.

The company raised its full-year guidance for adjusted earnings before interest, taxes, depreciation and amortization to $15 million.