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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 Company (NASDAQ: LMNR) announced its participation in the 35th Annual Roth Conference on March 13, 2023, in Dana Point, CA. The company has released a new investor presentation available on its website, emphasizing its role as a leading agribusiness with over 11,800 acres of agricultural land across California, Arizona, Chile, and Argentina. Limoneira specializes in producing lemons, avocados, and specialty citrus. This participation signals the company's commitment to engaging with investors and sharing its growth strategies.
Limoneira Company (Nasdaq: LMNR) reported Q1 FY2023 revenues of $37.9 million, slightly down from $39.3 million in the same period last year. Driven by a $40 million gain from the sale of Northern Properties, operating income rose to $25.9 million, compared to a loss of $9.6 million a year earlier. The net debt was reduced by 72% to $28.9 million. Heavy rains delayed some harvests, but the company maintains its volume guidance for lemons and avocados for FY2023, expecting improved pricing for lemons as supply stabilizes.
Limoneira Company (Nasdaq: LMNR) announced its participation in the 35th Annual Roth Conference, scheduled for March 12-14, 2023, in Dana Point, California. CEO Harold Edwards and CFO Mark Palamountain will engage in one-on-one and small group meetings on March 13. Limoneira has a rich history as a leading agribusiness with over 11,900 acres of agricultural land and operations across California, Arizona, Chile, and Argentina. The company specializes in growing lemons, avocados, oranges, and specialty citrus. To schedule meetings with Limoneira, contact a Roth sales representative.
Limoneira Company (NASDAQ: LMNR) announced it will release its financial results for the first quarter ended
The company will hold a conference call at
Limoneira Company (NASDAQ: LMNR) announced the successful sale of its Northern Properties for approximately
Limoneira Company (LMNR) will present at the 25th Annual ICR Conference from January 9-11, 2023, at JW Marriot Orlando Grande Lakes, Orlando, Florida. CEO Harold Edwards and CFO Mark Palamountain will deliver the investor presentation on January 10, 2023, at 9:30 am ET. The presentation will be available via live webcast on the Limoneira website under the 'Investor' tab. Limoneira, based in Santa Paula, California, is a leading integrated agribusiness focused on sustainability, owning 15,400 acres across California, Arizona, Chile, and Argentina, primarily producing citrus and avocados.
Limoneira Company (LMNR) reported a strong fiscal year 2022, achieving a record revenue of $184.6 million, an 11% increase from the previous year. The growth was primarily driven by avocado and orange sales, despite challenges in lemon pricing. The company sold $28 million in assets as part of its strategy to transition to an asset-lighter model, targeting $115 million in proceeds from its Harvest at Limoneira initiative. The company reduced debt by over 20% and expects improved performance in fiscal year 2023, with projected fresh lemon volumes of 5.0 to 5.4 million cartons.
On December 20, 2022, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share. This dividend will be payable on January 13, 2023, to stockholders of record as of January 3, 2023. Limoneira is a leading agribusiness with a 129-year history, specializing in citrus production and boasting 15,400 acres of agricultural land across California, Arizona, Chile, and Argentina.
Limoneira Company (NASDAQ: LMNR) will release its financial results for the fourth quarter and full fiscal year ended October 31, 2022, on December 22, 2022, after market close. A conference call to discuss these results is scheduled for the same day at 1:30 pm PT (4:30 pm ET). Investors can join the call by dialing the provided numbers or listening via a live webcast on the company's website.
Limoneira, a 129-year-old agribusiness based in Santa Paula, California, specializes in citrus production and sustainable agriculture.
Limoneira Company announced the successful sale of its Sevilla real estate property in Santa Maria, California, for approximately $2.6 million in cash. This transaction aligns with the company's asset-light strategy and aims to enhance shareholder value through the selective monetization of non-core assets. CEO Harold Edwards expressed satisfaction with closing the sale by year-end 2022 and mentioned plans to use the proceeds to reduce debt. The company recorded an immaterial loss in the fiscal first quarter of 2023.
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