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 Co (NASDAQ: LMNR) generates a steady flow of news as an international agribusiness focused on citrus and avocado production, lemon packing and real estate development. Company announcements describe Limoneira as a 132-year-old integrated agribusiness headquartered in Santa Paula, California, with agricultural lands, real estate properties and water rights in California, Arizona, Chile and Argentina. News coverage of LMNR often centers on how these assets support its strategy of growing agriculture income and monetizing land and water holdings.
Investors following Limoneira’s news can expect regular earnings releases that detail agribusiness performance, including fresh packed lemon sales, brokered lemon and other lemon revenue, avocado volumes and pricing, orange revenue and specialty citrus, wine grape and other agribusiness results. These reports also discuss operating income or loss, non-GAAP metrics and segment trends, providing insight into how crop yields, pricing and costs affect overall results.
Beyond quarterly and annual results, Limoneira issues news about strategic initiatives such as expanding avocado production, transitioning fresh citrus sales and marketing to Sunkist Growers, Inc., and streamlining operations. Press releases also highlight real estate developments like Harvest at Limoneira, including lot sales, phase completions and increased residential entitlements, as well as plans to explore housing development on the Limco Del Mar Ranch to address regional housing needs.
Additional news items cover land and water transactions, including sales of non-strategic land assets and water pumping rights, and the sale of Chilean ranches while retaining a stake in a Chilean citrus packing and marketing business. Dividend declarations, lending agreements and modifications, and governance or compensation updates disclosed via Form 8-K are also reflected in Limoneira’s news flow. For a comprehensive view of LMNR, readers can use this news page to track how operational performance, asset monetization and financing decisions evolve over time.
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.
Limoneira Company (LMNR) has successfully closed the sale of its Oxnard Lemon Packing Facility for
Limoneira Company (NASDAQ: LMNR) announced the resignation of Robert M. Sawyer from the Board of Directors, effective November 1, 2022, and appointed Barbara Carbone as his successor. Carbone brings extensive finance and auditing experience and will also join the Audit and Finance Committee and Risk Management Committee. This change follows earlier enhancements to the Board, including Scott S. Slater as Chairperson. With these moves, the Board now consists of nine directors, eight of whom are independent, strengthening corporate governance as Limoneira aims to grow sustainably amid expanding operations.
Limoneira Company (NASDAQ: LMNR) will have its CEO, Harold Edwards, and CFO, Mark Palamountain, participate in a fireside chat at the Stephens Annual Investment Conference from November 15-17, 2022, in Nashville, TN. The chat is scheduled for November 16, 2022, at 10:00 am PT and can be accessed live via webcast on the company's website. Limoneira, based in Santa Paula, California, boasts 15,400 acres across various regions and is a leading producer of lemons and other crops.
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.