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Founded in 1893, Limoneira Co (symbol: LMNR) stands as a historic agribusiness leader in the United States, specializing in the production and distribution of lemons and avocados. As the largest provider of these fruits in the country, Limoneira’s influence extends beyond agriculture into community development and lifestyle products.
Limoneira’s operations are divided into several segments: Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness. The Fresh Lemons segment is the company’s revenue powerhouse, reflecting its market dominance. Limoneira distributes its produce nationally, ensuring high-quality fruits reach consumers across the United States.
A notable achievement in the company's illustrious history is its role in founding Sunkist Growers and Diamond Walnut Growers, two agricultural cooperatives that have left a lasting impact on the industry.
Beyond agriculture, Limoneira is actively involved in community building. The Santa Paula East Area I project is a 500-acre development set to transform the region with a mix of residential units, senior living accommodations, new schools, retail spaces, and light industrial businesses. This ambitious project underlines Limoneira’s commitment to fostering sustainable communities.
Under the Limoneira Lifestyles brand, the company offers a range of products that resonate with consumers seeking quality and authenticity. These products are available throughout the U.S., showcasing Limoneira’s dedication to expanding its reach and influence.
Financially, Limoneira remains robust, with its diversified segments contributing to a stable revenue stream. The company’s strategic partnerships and ongoing projects position it well for future growth.
For the latest news and updates on Limoneira Co’s performance, events, and developments, StockTitan provides comprehensive and timely information, ensuring investors and stakeholders have access to the most current data.
Limoneira, a diversified citrus growing and real estate development company, has successfully completed three water pumping rights transactions in the Santa Paula Basin, totaling $1.7 million.
The sales, which valued the water rights at $30,000 per acre-foot, highlight the growing value of water resources and affirm Limoneira's long-term strategy of optimizing water asset management.
These transactions are part of a larger portfolio of approximately 9,000 acre-feet of water rights in the Santa Paula Basin, accumulated through efficient water practices and strategic land management over the past century.
Limoneira retains around 21,000-acre feet of water rights across the Santa Paula and Fillmore Basins, the Paso Robles Basin, and Class 3 Colorado River water rights. These retained rights could be opportunistically monetized for shareholder benefit while supporting the company's core agricultural and development operations.
The company remains committed to industry-leading irrigation and farm management practices to conserve water and meet regional demands.
Limoneira (Nasdaq: LMNR), a diversified citrus growing and marketing company with agribusiness and real estate development operations, has announced its participation in the upcoming 27th Annual ICR Conference. The event will take place at the JW Marriott Orlando Grande Lakes in Orlando, Florida, from January 13-15, 2025.
Chief Executive Officer Harold Edwards and Chief Financial Officer Mark Palamountain will deliver the company's investor presentation on Tuesday, January 14, 2025, at 9:00 am ET. Interested parties can access the live webcast and archived version of the presentation through the 'Investor' section under 'Events & Presentations' at www.limoneira.com.
Limoneira (LMNR) reported record net revenues of $191.5 million for fiscal year 2024, up 6% from the previous year, driven by record avocado sales of $25.1 million. The company achieved its avocado and lemon volume guidance for FY2024. Fourth quarter results showed total net revenue of $43.9 million, with agribusiness revenue at $42.5 million.
The company sold approximately 470,000 cartons of fresh lemons at $17.95 per carton in Q4 FY2024, compared to 550,000 cartons at $20.39 in Q4 FY2023. Avocado revenue reached $8.9 million in Q4 FY2024. Net loss per diluted share for Q4 was $0.11, while full-year net income per diluted share was $0.40.
For FY2025, Limoneira expects fresh lemon volumes of 5.0-5.5 million cartons and avocado volumes of 7.0-8.0 million pounds.
Limoneira Company (Nasdaq: LMNR), a diversified citrus company with agribusiness and real estate development operations, has announced its latest quarterly dividend. The Board of Directors declared a quarterly cash dividend of $0.075 per common share. The dividend will be payable on January 15, 2025, to stockholders of record as of December 30, 2024.
Limoneira (Nasdaq: LMNR), a diversified citrus growing and marketing company, has scheduled the release of its fourth quarter and full fiscal year 2024 financial results on December 23, 2024, after market close. The company will host a conference call at 1:30 pm Pacific Time (4:30 pm Eastern Time) on the same day to discuss the results.
Investors can participate by dialing (877) 407-0789 from the U.S. or (201) 689-8562 internationally. A replay will be available until January 6, 2025. A live webcast will be accessible through the company's website and archived for 30 days.
Limoneira (Nasdaq: LMNR), a diversified citrus growing and marketing company, announced its participation in the Stephens Annual Investment Conference in Nashville, Tennessee from November 19-21, 2024. CEO Harold Edwards and CFO Mark Palamountain will engage in a fireside chat on November 21 at 1:00 pm ET. The session will be webcast live and archived on the company's website under the Investor section. Management will also be available for one-on-one meetings throughout November 21.
Limoneira Company (Nasdaq: LMNR), a diversified citrus company with agribusiness and real estate operations, has declared a quarterly cash dividend of $0.075 per common share. The dividend will be payable on October 18, 2024, to stockholders of record as of October 7, 2024. This decision was made by the company's Board of Directors on September 24, 2024.
Limoneira Company (LMNR) reported strong Q3 FY2024 results, with net revenues growing 21% to $63.3 million. The company achieved significant improvements in fresh lemon and avocado pricing, with avocado revenues surging over 300% to $13.9 million. Operating income for Q3 FY2024 was $9.0 million, compared to a $1.5 million loss in the prior year. Limoneira has increased its avocado volume guidance for FY2024 and is expanding avocado production by 1,000 acres over the next three years. The company's real estate development joint venture, Harvest at Limoneira, is seeing increased momentum with steady home sales. Limoneira continues to explore strategic alternatives to maximize stockholder value.
Limoneira Company (Nasdaq: LMNR), a diversified citrus growing and marketing company, has announced it will release its third quarter 2024 financial results on September 9, 2024, after market close. The company will host a conference call to discuss these results on the same day at 1:30 pm Pacific Time (4:30 pm Eastern Time).
Investors can participate in the live call by dialing (877) 407-0789 from the U.S. or (201) 689-8562 internationally. A telephone replay will be available until September 23, 2024. Additionally, a live webcast will be accessible on the Investor Relations section of Limoneira's website, with an archive available for 30 days.
On June 25, 2024, Limoneira (Nasdaq: LMNR) announced a quarterly cash dividend of $0.075 per common share. This dividend is payable on July 19, 2024, to shareholders recorded by July 8, 2024. As a diversified citrus company involved in growing, packing, selling, and related agribusiness activities, Limoneira continues its tradition of providing regular dividends to its investors, reflecting ongoing financial health and shareholder value commitment.
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