Welcome to our dedicated page for Limoneira Co news (Ticker: LMNR), a resource for investors and traders seeking the latest updates and insights on Limoneira Co stock.
Limoneira Company (LMNR) is a leading agribusiness and real estate developer with over a century of expertise in citrus production and community development. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases, earnings reports, and market analyses in one centralized location. Track LMNR's progress across key operational areas including fresh lemon production, avocado cultivation, rental property management, and large-scale real estate projects that shape sustainable communities.
The page features verified updates on agricultural innovations, partnership announcements, sustainability efforts, and regulatory filings. Content is curated to support informed decision-making while maintaining strict editorial neutrality regarding investment potential.
Bookmark this page for direct access to Limoneira's latest corporate communications and industry-related news developments. Check back regularly for comprehensive coverage of LMNR's evolving role in agribusiness and community infrastructure.
Limoneira Company (Nasdaq: LMNR) announced the closing of an additional 32 residential homesites in its joint venture with The Lewis Group of Companies. These homesites, purchased by Lennar, are part of the Harvest at Limoneira project, which currently includes 586 units in Phase 1. To date, Lennar has acquired 263 homesites. This community offers a range of housing options in Southern California, attracting strong interest from buyers due to its scenic views and proximity to amenities.
Limoneira Company (Nasdaq: LMNR) reported a strong second quarter for fiscal year 2021, with total net revenue reaching $45.1 million, up from $39.6 million year-over-year. Key factors include a 14% increase in top-line growth, driven by record lemon and avocado sales. Adjusted EBITDA improved to $6.0 million from a loss of $0.1 million last year. The real estate project, Harvest at Limoneira, has closed 524 lots and aims for $80 million in cash distributions over the next six years. Despite challenges from COVID-19, management expects improving food service and export markets in the second half of the year.
Limoneira Company (Nasdaq: LMNR) plans to release its financial results for Q2 2021 on June 8, 2021, after market close. A conference call will follow on the same day at 1:30 PM PT (4:30 PM ET) to discuss these results. Interested investors can join the call by dialing (877) 705-6003 or (201) 493-6725 for international calls. A replay will be available through June 22, 2021. Limoneira, based in California, has extensive agribusiness operations covering 15,400 acres across multiple countries, specializing in citrus and other crops.
Limoneira Company (Nasdaq: LMNR) announced that CEO Harold Edwards and CFO Mark Palamountain will present at the Stifel 2021 Cross Sector Insight Conference from June 8-10, 2021. Limoneira's presentation is scheduled for June 9, 2021, at 9:40 am PT (12:40 pm ET) and will be available via a live webcast on their website. Established in 1893, Limoneira is an agribusiness leader with 15,400 acres across California, Arizona, Chile, and Argentina, producing lemons, avocados, oranges, and more. For details, visit www.limoneira.com.
Limoneira Company (Nasdaq: LMNR) has announced the closing of an additional 60 residential homesites in its real estate joint venture with The Lewis Group, now totaling 138 sites sold to Richmond American Homes. This project, Harvest at Limoneira, consists of 586 units and has attracted strong interest from Southern California families. CEO Harold Edwards expressed optimism about the community's appeal and potential growth, marking a total of 126 lots closed in fiscal 2021.
Limoneira Company (Nasdaq: LMNR) has successfully closed an additional 36 residential homesites in its joint venture with The Lewis Group of Companies. The homesites, purchased by Richmond American Homes, are part of the Harvest at Limoneira project, which now totals 586 residential units. Richmond Homes has acquired 78 homesites within this community, which is strategically located near Southern California's attractions. CEO Harold Edwards expressed optimism about future closings following this significant advance in the project.
Limoneira Company (Nasdaq: LMNR) has announced the closing of an additional 30 residential homesites in its joint venture with The Lewis Group of Companies and K. Hovnanian® Homes as part of the Harvest at Limoneira project. This brings the total number of closed residential units to 428, with an expected 32 more unit sales by June 2021. The Harvest at Limoneira community offers attractive amenities, including parks and hiking trails, appealing to families in Southern California.
On March 22, 2021, Limoneira Company (Nasdaq: LMNR) announced a quarterly cash dividend of $0.075 per share, payable on April 16, 2021. Shareholders on record by April 5, 2021 will receive this dividend, reflecting the company's commitment to providing income to its investors. Limoneira, based in California, operates over 15,400 acres in agricultural and real estate, specializing in a variety of crops including lemons and avocados.
Limoneira Company (LMNR) reported its fiscal 2021 first-quarter results, showing total revenue of $38.3 million, down from $41.7 million year-over-year. Agribusiness revenue decreased to $37.1 million from $40.5 million, primarily due to COVID-19 impacts on food service demand. Fresh lemon sales were $25 million, down from $27 million. Operating loss improved to $5.6 million from $8.5 million, while net loss reduced to $4.3 million, or $0.25 per diluted share. The company anticipates $80 million in cash distributions from real estate projects starting in fiscal 2022.
Limoneira Company (Nasdaq: LMNR) announced it will release its financial results for the first quarter ended January 31, 2021, on March 10, 2021, after market close. The Company will host a conference call to discuss these results at 1:30 PM Pacific Time (4:30 PM Eastern Time) on the same day. Interested investors can participate via phone or listen to a live webcast on the Company’s website. Limoneira is a significant global agribusiness, producing lemons, avocados, and other crops across 15,400 acres in various countries.
