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Limoneira Co - LMNR STOCK NEWS

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.

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.

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Limoneira Company (LMNR) has initiated a process to explore potential strategic alternatives, including a sale of all or parts of the company, merger, and other potential strategic transactions. The Board has retained Stephens Inc. as its financial advisor and Squire Patton Boggs (US) LLP as its legal advisor to assist with the exploration of alternatives. The company aims to maximize value for stockholders and believes there is a disconnect between its public market value and the intrinsic value of its underlying assets.
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Limoneira Company announced the closing of 121 residential homesites at their Harvest at Limoneira master planned community in Santa Paula. The closings include 50 homesites purchased by Lennar and 71 homesites purchased by Richmond American Homes. Phase 1 at Harvest is comprised of 707 residential units.
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Limoneira Company (Nasdaq: LMNR) announced its participation in two investor conferences: ROTH MKM 3rd Annual AgTech Answers Event on November 14, 2023 in New York, and Stephens Annual Investment Conference from November 14-16, 2023 in Nashville. Management will be available for one-on-one meetings and will participate in a fireside chat at the Stephens conference, which will be webcasted on the company's website.
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Limoneira Company declares quarterly cash dividend of $0.075 per common share.
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Limoneira reports Q3 results, with brokered lemons and other lemon sales growing 76% YoY to $8.8M and achieving $5.4M in farm management revenue. Anticipates higher lemon pricing in Q4. Q3 total net revenue was $52.5M, down from $58.9M YoY. Adjusted EBITDA was $2.8M, down from $14.8M YoY. Expects fresh lemon volumes for FY 2023 to be 4.7M-5.0M cartons, down from previous guidance of 5.0M-5.4M cartons. Achieved avocado volume of 3.8M pounds. Debt levels as of July 31, 2023, resulted in a net debt position of $30.2M. Expects total proceeds of $115M from Harvest at Limoneira, LLCB II, and East Area II spread out over seven fiscal years. Conference call scheduled on September 7, 2023, to discuss financial results.
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Limoneira CFO to participate in Lake Street conference
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Limoneira Company has entered into a fallowing program with YMIDD and BOR, committing to fallow 581 acres of its farmland in Yuma, Arizona through 2025. The company expects to receive approximately $1.32 million annually for this program. The saved water will be retained in Lake Mead, increasing its supply and elevation. Limoneira sees this as the beginning of future opportunities for monetizing its water assets.
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Limoneira Company to release Q3 financial results on September 7, 2023
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FAQ

What is the current stock price of Limoneira Co (LMNR)?

The current stock price of Limoneira Co (LMNR) is $26.3 as of December 20, 2024.

What is the market cap of Limoneira Co (LMNR)?

The market cap of Limoneira Co (LMNR) is approximately 470.9M.

What does Limoneira Co specialize in?

Limoneira Co specializes in the production and distribution of lemons and avocados.

When was Limoneira Co founded?

Limoneira Co was founded in 1893.

What are the main operating segments of Limoneira Co?

The main operating segments are Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness.

What is the largest revenue-generating segment for Limoneira Co?

The Fresh Lemons segment generates the maximum revenue for Limoneira Co.

What community projects is Limoneira Co involved in?

Limoneira Co is involved in the Santa Paula East Area I project, which includes residential units, senior living, new schools, retail, and light industrial businesses.

What are Limoneira Lifestyles products?

Limoneira Lifestyles products are branded items sold throughout the U.S. that reflect the company’s quality and authenticity.

What cooperatives did Limoneira help to found?

Limoneira helped to found Sunkist Growers and Diamond Walnut Growers.

Where can I find the latest news about Limoneira Co?

The latest news about Limoneira Co can be found on StockTitan, providing updates on performance, events, and developments.

What is the Santa Paula East Area I project?

The Santa Paula East Area I project is a 500-acre development by Limoneira that includes diverse residential types, senior living, new schools, retail, and light industrial businesses.

How does Limoneira Co contribute to the community?

Limoneira Co contributes to the community through projects like the Santa Paula East Area I and by providing high-quality agricultural products.

Limoneira Co

Nasdaq:LMNR

LMNR Rankings

LMNR Stock Data

470.88M
16.29M
9.79%
59.2%
1.72%
Farm Products
Consumer Defensive
Link
United States of America
SANTA PAULA