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.
Limoneira Company (NASDAQ: LMNR) has successfully closed the sale of a 17-acre property in Santa Paula, California, generating
On September 27, 2022, Limoneira Company (NASDAQ: LMNR) announced a quarterly cash dividend of $0.075 per common share. This dividend will be payable on October 21, 2022, to stockholders of record as of October 10, 2022. Limoneira, a prominent agribusiness with 15,400 acres of agricultural land and operations in California, Arizona, Chile, and Argentina, is recognized for its sustainability efforts and production of lemons, avocados, oranges, and specialty citrus.
Limoneira Company (LMNR) reported a 20% increase in revenue to $58.9 million for Q3 FY2022, driven by record avocado sales of $12.6 million and fresh lemon sales growth. Operating income surged over 200% to $11.1 million, while earnings per share doubled to $0.40. The company anticipates $8 million from property sales in Q4 FY2022 and expects fresh lemon volumes between 4.5 million to 5 million cartons for the fiscal year. Adjusted EBITDA was $14.2 million.
Limoneira Company (Nasdaq: LMNR) announced it will release its third-quarter financial results for the period ending
The Board of Directors of Limoneira Company (NASDAQ: LMNR) has announced significant changes. Scott Slater takes over as Chairperson, succeeding Gordon Kimball, who is stepping down due to health reasons but will remain as a director. Amy Fukutomi resigns as a director effective August 1, 2022, to serve as Vice President of Compliance and Corporate Secretary. The board size decreases from ten to nine directors. Slater emphasizes the commitment to enhancing corporate governance and unlocking value through a strategic plan for the company’s diverse assets.
On June 28, 2022, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share. The dividend is payable on July 15, 2022, to stockholders of record on July 11, 2022. With a rich history spanning 129 years, Limoneira operates across 15,400 acres of agricultural lands in California, Arizona, Chile, and Argentina, focusing on sustainability. The company is a prominent producer of lemons, avocados, and other specialty crops, showcasing its commitment to agribusiness excellence.
Limoneira Company (NASDAQ: LMNR) announced the resignation of Board member Jesus “Chuy” Loza effective June 14, 2022. Loza is stepping down to focus on his role as CEO of Freska Produce. The Chairman of the Board, Gordon Kimball, expressed gratitude for Loza's contributions, especially during the pandemic. Limoneira is dedicated to maintaining a qualified and diverse Board to advance its strategic initiatives. The company is a significant player in the agribusiness sector, specializing in citrus production and related operations across multiple states and countries.
Limoneira Company (LMNR) reported a 4% revenue growth for Q2 FY 2022, totaling $46.8 million, driven by strong avocado and orange sales. Avocado pricing surged over 50% year-over-year. However, the company faced rising costs in labor and packing. Net income for Q2 was $1.4 million, down from $1.8 million in the previous year, with losses increasing in the first half. The company plans to expand its One World of Citrus initiative and monetize assets to improve cash flow. A fallowing program in Yuma is projected to save 1.3 billion gallons of water, boosting operating results by $1 million.
Limoneira has engaged in a two-year fallowing program with the Yuma Mesa Irrigation and Drainage District, targeting about 400 of its 1,300 acres in Yuma, Arizona. This initiative aims to conserve over 1.3 billion gallons of water annually and is expected to boost operating results by approximately
Limoneira Company (Nasdaq: LMNR) announced that CEO Harold Edwards and CFO Mark Palamountain will present at the Stifel 2022 Cross Sector Insight Conference in Boston, MA, from June 7-9, 2022. Their investor presentation is scheduled for June 8, 2022, at 8:35 am ET, and will be available for live webcast and later archived on their website. Limoneira, based in Santa Paula, California, is a leading agribusiness with a focus on sustainability, operating over 15,400 acres across California, Arizona, Chile, and Argentina.
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