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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 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.
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