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Dole plc (DOLE) stands as a global leader in the fresh produce industry, celebrated for its commitment to providing the most nutritious products with minimal environmental impact. With operations in 30 countries, Dole's extensive, vertically integrated supply chain spans the globe, encompassing over 250 facilities dedicated to growing, sourcing, packing, marketing, and distributing more than 300 varieties of fresh produce. The company's offerings range from everyday fruit and vegetables to more exotic selections, all aimed at promoting global health and sustainability.
Dole plc's history is steeped in tradition, originating from Ireland and Hawaii in the 1850s. The company as it is known today was officially established on July 30th, 2021, following the merger of Total Produce plc and Dole Food Company. This merger has bolstered Dole's position in the North American and European markets, where it operates through distinct segments: Fresh Fruit, Diversified Fresh Produce - EMEA, Diversified Fresh Produce - Americas and ROW, and Fresh Vegetables. Notably, the Diversified Fresh Produce - EMEA segment, which includes operations in Ireland, the Netherlands, Spain, Portugal, France, Italy, the U.K., Sweden, Denmark, South Africa, Eastern Europe, and Brazil, generates the majority of the company's revenue.
Dole's mission extends beyond commercial success. The company is keenly aware of its role in promoting healthy and sustainable food options. This is evident in its initiatives aimed at reducing its environmental footprint and ensuring the well-being of its consumers. Dole's dedication to sustainability is matched by its innovation in product offerings and efficient supply chain management, making it a cornerstone of the fresh produce sector.
Recent achievements and projects underscore Dole's ongoing commitment to excellence and sustainability. The company continues to explore new partnerships and expand its product range to meet the evolving needs of consumers worldwide. With a focus on quality and sustainability, Dole plc remains a trusted name in fresh produce, committed to making the world a healthier place.
Dole plc (NYSE: DOLE) reported strong financial results for the fourth quarter and fiscal year 2021, driven by the acquisition of the remaining 55% of Dole Food Company. FY'21 highlights include a revenue increase of 113.7% to $9.3 billion, with adjusted EBITDA up 56.5% to $393.6 million. Total assets surged 147.5% to $4.7 billion. However, the company anticipates a decline in adjusted EBITDA for FY'22 due to the impact of product recalls affecting the Value Added Salads segment.
Dole plc (NYSE: DOLE) will announce its financial results for Q4 and full year 2021 on March 15, 2022, before the market opens. A webcast and conference call will be held at 08:00 a.m. ET, featuring CEO Rory Byrne, COO Johan Lindén, CFO Frank Davis, and Head of Investor Relations James O'Regan. The presentation will be available at doleplc.com/investors. Callers can access the conference live at 1-855-979-6564, with a replay available until March 31, 2022.
Dole’s subsidiary, Standard Fruit Company de Costa Rica, received the Social Responsibility in Action Award from AmCham for its project, De la Mano con Dole, which aims to improve the social development of its employees and families. Utilizing the Business Multidimensional Poverty Index, Dole identified and addressed various social issues affecting its workforce. The project achieved an impressive 87% participation rate in socioeconomic surveys, revealing 500 gaps closed by September 2021. This initiative signifies Dole's commitment to employee welfare and pioneering social responsibility efforts in agribusiness.
Dole Fresh Vegetables is recalling all Dole-branded and private label salads containing iceberg lettuce due to potential Listeria monocytogenes contamination. This voluntary recall involves products from their Springfield, OH and Soledad, CA facilities. Lot codes starting with 'W' (Dec 22, 2021 - Jan 9, 2022) and 'B' (Dec 23, 2021 - Jan 8, 2022) are affected. Though no illnesses have been reported, consumers are advised to discard the affected products. Dole is working with regulatory officials on this matter.
Dole plc (NYSE: DOLE) announced a product recall for salads processed at its Bessemer City, NC, and Yuma, AZ, facilities due to potential Listeria contamination. The recall, issued on December 22, 2021, has led to the suspension of operations at both facilities. Dole is conducting thorough investigations alongside regulatory agencies and implementing extensive sanitation protocols. The estimated one-off cost from this temporary suspension ranges between $15 million to $25 million.
Dole Fresh Vegetables has announced a voluntary recall of all Dole-branded and private label packaged salads from its Bessemer City, NC, and Yuma, AZ facilities due to potential Listeria monocytogenes contamination. This precautionary measure follows the detection of Listeria strains in products sampled in Georgia and Michigan, linked to 16 illnesses since 2014. Operations at both facilities are temporarily suspended for extensive cleaning. Affected products bear lot codes starting with 'N' or 'Y' and 'Best if Used By' dates from November 30, 2021, to January 8, 2022. Consumers are advised to dispose of the affected salads immediately.
Dole plc (NYSE: DOLE) reported its Q3 2021 results, emphasizing a Pro-Forma Revenue of $2.32 billion, a slight increase from Q3 2020. The Pro-Forma Adjusted EBITDA fell by 35.4% to $59.7 million, attributed to inflationary pressures and supply chain issues. Year-to-date figures show Pro-Forma Revenue rose 4.5% to $7.08 billion, while Pro-Forma Adjusted Net Income increased 22.5% to $131.6 million. The company maintains full-year targets of $9.2 to $9.4 billion in revenue and $390 to $400 million in EBITDA. A quarterly dividend of $0.08 per share is declared.
Dole plc (NYSE: DOLE) will release its third quarter 2021 financial results on December 3, 2021, before market opening. A conference call with management, including CEO Rory Byrne and CFO Frank Davis, is scheduled for 10:00 a.m. ET the same day. Investors can access the call via telephone or through the company's website, where an archived replay will be available following the event. Dole is a global leader in fresh produce, committed to sustainability and customer satisfaction across 80 countries.
Dole Fresh Vegetables is recalling select garden salad products due to potential contamination with Listeria monocytogenes. This precautionary measure follows a positive test result from a sample analyzed by the Georgia Department of Agriculture. The affected products, including various Dole garden salad types, were distributed in multiple states, such as AL, FL, and GA. No reported illnesses are linked to the recall. Consumers are urged to check for specific lot codes and discard the recalled items. For inquiries, the Dole Consumer Center is available 24/7.
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