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.
Dole Plc (DOLE) maintains leadership in global fresh produce through its vertically integrated supply chain spanning 30+ countries. This news hub provides investors and industry stakeholders with timely updates on corporate developments shaping the $8 billion produce market.
Access official press releases and market analyses covering earnings reports, sustainability initiatives, and supply chain innovations. Our curated collection includes strategic partnerships, operational expansions, and produce category updates across Dole's Fresh Fruit and Diversified Fresh Produce segments.
Key focus areas include agricultural efficiency advancements, food safety protocols, and distribution network enhancements. Track developments in North American and European markets alongside emerging opportunities in fresh vegetable categories and value-added products.
Bookmark this page for structured access to Dole's financial communications, leadership updates, and market position analyses. Regular updates ensure informed decision-making about this NYSE-listed industry leader.
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.
Dole plc (NYSE: DOLE) reported robust first-quarter results for 2024, with revenue surging by 6.6% to $2.1 billion and net income skyrocketing by 219.5% to $65.4 million. Adjusted EBITDA rose by 9.7% to $110.1 million, and Adjusted Net Income increased to $40.6 million. The company completed the sale of a 65% stake in Progressive Produce, generating $120.3 million in gross proceeds and a $74.0 million gain. The sale proceeds helped reduce long-term debt by $100 million, bringing net debt to $776 million by quarter-end. Revenue gains were seen across all segments, driven by higher volumes and favorable currency impacts. Adjusted Diluted EPS improved to $0.43 from $0.34 the previous year. Despite normal seasonal cash flow outflows of $53.2 million, the company remains optimistic about its 2024 performance, maintaining its Adjusted EBITDA target of at least $360 million.
