Welcome to our dedicated page for Dole Plc news (Ticker: DOLE), a resource for investors and traders seeking the latest updates and insights on Dole Plc stock.
Company Overview
Dole Plc stands as a globally recognized entity in the fresh produce sector, renowned for its vertically integrated supply chain and extensive range of nutrient-rich fruits and vegetables. With roots tracing back to the mid-19th century across Ireland and Hawaii, and a modern consolidation emerging from the union of historic industry players, the company blends a rich heritage with contemporary operational efficiency. Dole Plc operates in significant markets such as North America and Europe, where it serves both retail and food service channels with an array of products that span from familiar staples to exotic selections.
Business Model and Operations
At the core of Dole Plc’s success lies a robust business model that integrates every stage of the fresh produce value chain. The company is actively involved in growing, sourcing, packing, marketing, and distributing over 300 lines of fresh produce. This comprehensive approach ensures that the entire process—from cultivation to consumer—is managed with precision and accountability, resulting in high-quality products with a strong emphasis on nutritional value and sustainability.
Vertically Integrated Supply Chain
Dole Plc’s fully integrated supply chain is a key differentiator in the competitive landscape of fresh produce. Operating out of numerous facilities across more than 30 countries, the company ensures rigorous quality control and operational efficiency from farm to fork. This vertical integration spans across various segments, including Fresh Fruit, Diversified Fresh Produce in the European, American, and other global markets, as well as Fresh Vegetables, enabling Dole Plc to respond agilely to market demands and maintain consistent product availability.
Global Market Presence and Segment Diversification
Dole Plc commands a significant presence in international markets. In the European market, particularly within the Diversified Fresh Produce EMEA segment, the company manages a portfolio that includes operations in countries like Ireland, Spain, France, and across Eastern Europe and beyond. Its diversification into various regional segments allows the company to adapt to local consumer preferences and supply chain dynamics, thereby fortifying its market position and operational resilience.
Product Portfolio and Quality Assurance
The extensive product portfolio of Dole Plc covers a diverse range of fruits and vegetables that cater to a wide array of consumer needs. By focusing on both the familiar and the exotic, the company not only meets global demand for everyday produce but also serves niche markets looking for rare and distinctive offerings. Dole Plc is known for its meticulous quality assurance processes that adhere to strict nutritional and safety standards throughout every stage of production and distribution.
Industry Expertise and Competitive Landscape
Backing its operations with decades of industry expertise, Dole Plc leverages deep market insights and sophisticated operational tactics to stand out in an increasingly competitive arena. The company’s strategic investments in technology and process optimization allow it to maintain a superior level of product quality and operational efficiency. While the broader industry faces challenges such as supply chain disruptions and evolving consumer preferences, Dole Plc’s well-integrated business model and diversified market approach provide a robust framework for sustained operational excellence.
Sustainability and Operational Efficiency
Although the company is rooted in business fundamentals rather than speculative financial forecasts, its commitment to sustainable practices is evident in how it optimizes resource use and minimizes environmental impact during production. The operational framework of Dole Plc ensures that sustainable practices are embedded in the day-to-day management of its facilities, enabling a balance between quality, cost-efficiency, and environmental stewardship. This focus on operational efficiency reinforces the company’s reputation as a reliable supplier of fresh produce in dynamic global markets.
Strategic Value Proposition
Dole Plc’s strategic value lies in its unique ability to combine a rich legacy with innovative supply chain management and diversified market operations. The company’s broad range of products, coupled with an unwavering commitment to quality, positions it as a trusted and authoritative source within the fresh produce industry. This strategic advantage not only drives the company’s operations but also offers a comprehensive understanding of the complexities involved in global food distribution and retail channels.
Conclusion
In summary, Dole Plc exemplifies a thoroughly integrated and dynamic business model within the fresh produce industry. By uniting decades of agricultural heritage with modern operational practices, the company delivers a wide range of high-quality, nutritious products to diverse markets across the globe. Its commitment to accurate quality control, diversification of product segments, and streamlined supply chain operations underscore Dole Plc's enduring significance and robust presence in both mature and emerging markets.
Dole plc (NYSE: DOLE) has announced the availability of its 2024 annual report on Form 20-F, which includes audited financial statements for the fiscal year ended December 31, 2024. The report was filed with the SEC on March 11, 2025.
Shareholders can access the Annual Report through multiple channels: the 'Financials' section of Dole's website at www.doleplc.com/investor-relations, the SEC's website at www.sec.gov, or by requesting a free hard copy directly from the company either by mail or email.
Dole plc (NYSE: DOLE) reported strong Q4 and full-year 2024 results. Q4 revenue reached $2.2 billion, up 4.6% (10.1% like-for-like), though the company recorded a net loss of $31.6 million due to a $78.2 million non-cash write-down of the Fresh Vegetables division.
Full-year 2024 highlights include: revenue of $8.5 billion (+2.8%), net income of $143.4 million, and Adjusted EBITDA of $392.2 million (+1.8%). The company improved its financial position with net debt reduction of $181.1 million to $637.1 million and net leverage of 1.6x.
The Fresh Fruit segment showed strong performance with revenue up 5% for the year, driven by higher banana volumes and pineapple pricing. For 2025 outlook, Dole targets Adjusted EBITDA of $370-380 million, considering challenges from Tropical Storm Sara impact on Honduran operations. The company declared a Q4 2024 dividend of $0.08 per share.
Dole plc (NYSE: DOLE) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025, before market opening. The company will host a webcast and conference call at 8:00 a.m. Eastern Time on the same day. Management will provide a presentation, press release, and supplemental financial information on the company website. Interested parties can access the live webcast and subsequent replay through the company's investor relations webpage or directly via the provided Q4 event link. Conference call participation requires prior registration through the dedicated registration link.
Dole Food Company Hawaii has responded to the City and County of Honolulu's selection of its lands as a potential site for Oʻahu's next landfill. The company expresses surprise at the announcement and emphasizes that its primary focus remains on protecting Central Oʻahu's agricultural community. The Wahiawā Irrigation System (WIS), which supports over 50 farmers and 500+ agricultural jobs, is currently pending transfer to the State of Hawaiʻi under Act 218 (2023). This transfer is important for system upgrades and accessing federal funding for agricultural and water security. Dole indicates that landfill discussions will need to wait until after the irrigation system transfer is completed.
Dole plc reported its Q3 2024 financial results with revenue of $2.1 billion, up 1.0% year-over-year. On a like-for-like basis, revenue increased 5.8%. Net Income decreased to $21.5 million, primarily due to the absence of a prior year's $28.8 million gain from a non-core asset sale. Adjusted EBITDA was $82.1 million, showing a 3.7% decrease but a 2.3% increase on a like-for-like basis. The company increased its full-year Adjusted EBITDA guidance by $10.0 million, targeting at least $380.0 million. Fresh Fruit segment saw revenue growth of 6.6%, while Diversified Fresh Produce - EMEA increased 5.1%, and Americas & ROW segment declined 17.0% due to business disposal.
Dole plc (NYSE: DOLE) has scheduled its third quarter 2024 financial results announcement for Wednesday, November 13, 2024, before market opening. Management will host a webcast and conference call at 8:00 a.m. Eastern Time on the same day. The company will provide a presentation, press release, and supplemental financial information on its website. Investors can access the live webcast and replay through the company's investor relations page or direct event link, while the conference call requires registration.
Dole plc (NYSE: DOLE), a global leader in fresh produce, has announced its participation in TD Cowen's 2nd Annual Sip, Snack & Scrub Summit. The event will take place on September 17, 2024, at the Westin New York Grand Central in New York, NY. Dole's management will engage in a fireside chat with TD Cowen analyst Robert Moskow at 09:30 a.m. ET and conduct one-on-one meetings with investors during the conference.
Interested parties can access the live webcast and a replay of the fireside chat through Dole's investor relations website or directly via the provided link. This participation underscores Dole's commitment to investor engagement and transparency in the fresh produce market.
Dole plc (NYSE: DOLE) reported strong Q2 2024 financial results with growth across all segments on a like-for-like basis. Key highlights include:
- Revenue of $2.1 billion, down 0.8% but up 4.3% on a like-for-like basis
- Net Income of $88.1 million, up 68.4%
- Adjusted EBITDA of $125.4 million, up 2.2% (8.2% on like-for-like basis)
- Adjusted Net Income of $47.0 million
- Adjusted Diluted EPS of $0.49
The company completed the sale of Progressive Produce, repaid $100 million of Term Loan facilities, and reduced Net Debt to $767.5 million. Dole raised its full-year Adjusted EBITDA target to at least $370.0 million, citing strong first-half performance and positive business momentum.
Dole plc (NYSE: DOLE) has announced it will release its second quarter 2024 financial results on Wednesday, August 14, 2024, before the market opens. The company will host a webcast and conference call at 8:00 a.m. Eastern Time on the same day to discuss the results. A presentation accompanying the discussion will be available on the company's website, along with the press release and supplemental financial information.
Investors and analysts can access the live webcast and subsequent replay at www.doleplc.com/investor-relations or directly at https://events.q4inc.com/attendee/723354344. To join the conference call, participants need to register at https://registrations.events/direct/Q4I2332517 using the conference ID 23325.
Dole, a global leader in fresh produce, will participate in the Deutsche Bank dbAccess 2024 Global Consumer Conference in Paris. The event is scheduled for Wednesday, June 5, 2024. Chief Financial Officer Jacinta Devine and Head of Investor Relations James O'Regan will represent the company. They will be available for one-on-one and group meetings, providing an opportunity for investors to engage directly with Dole's management team.
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