Dole Plc Stock Price, News & Analysis

Dole plc (NYSE:DOLE) has completed the sale of its Fresh Vegetables Division to og Holdco LLC, parent company of organicgirl LLC, a portfolio company of Arable Capital Partners. The transaction is valued at $140 million, consisting of $90 million in cash and a $50 million seller note, plus a potential $10 million earn-out.

The Fresh Vegetables Division includes operations for processing and selling various produce items, with three processing plants across the US and over 3,000 employees. Dole will retain its facilities in Huron, California and Yuma, Arizona. This strategic divestment allows Dole to focus on its core business activities while creating synergies between the sold division and organicgirl.

Dole plc (NYSE: DOLE) has scheduled its second quarter 2025 financial results announcement for Monday, August 11, 2025, before market opening. The company will host a conference call and webcast at 8:00 AM Eastern Time on the same day.

Management will provide a presentation alongside the financial results and supplemental information. Investors can access the live webcast and replay through the company's investor relations website or directly via the provided Q4 event link. Conference call participation requires advance registration through a separate link.

Dole (NYSE: DOLE) has strengthened its Information and Wellbeing Centers (IWCs) initiative through new public-private partnerships in Costa Rica. The company signed agreements with Caja Costarricense de Seguro Social (CCSS) and Banco Popular to expand workplace-based services for agricultural workers. Launched in 2020, the IWC program currently serves over 3,300 individuals across four pineapple farms, providing access to healthcare, social security, education, and financial tools. The initiative has already reached 14,947 individuals and received the 2022 Grand Prize for Social Responsibility from AMCHAM. The program operates through collaboration with 38 public and private sector partners, aiming to eliminate barriers such as distance, cost, and time for rural workers accessing essential services.

Dole plc (NYSE: DOLE) reported its Q1 2025 financial results with revenue of $2.1 billion, showing a 1.0% decrease but a 4.2% increase on a like-for-like basis. Net Income decreased to $44.2 million, primarily due to the prior year's exceptional gain from Progressive Produce's disposal. Adjusted EBITDA was $104.8 million, down 4.8%. The company successfully completed a $1.2 billion refinance of credit facilities and increased its quarterly dividend by 6.25% to 8.5 cents per share. Fresh Fruit segment saw revenue growth but faced challenges from Tropical Storm Sara, while Diversified Fresh Produce - EMEA showed strong performance. The company has revised its guidance upward, targeting full-year Adjusted EBITDA of at least $380.0 million for 2025.

Dole plc (NYSE: DOLE), a global leader in fresh produce, has announced its participation in the upcoming BMO Global Farm to Market Conference. The conference will be held from May 14-15, 2025 in New York City. The company's management team will be available to meet with institutional investors on May 15, 2025.

Dole plc (NYSE: DOLE) has successfully completed a $1.2 billion refinancing of its corporate credit facilities. The new package includes a $600 million multicurrency five-year Revolving Credit Facility, a $250 million five-year Term Loan A, and a $350 million seven-year Farm Credit term loan. These facilities replace the existing RCF, TLA, and senior secured Term Loan B.

The refinancing extends debt maturity at favorable interest rates and enhances financial flexibility to support growth initiatives. The transaction was led by Coöperatieve Rabobank U.A., BofA Securities Inc., and Allied Irish Banks plc for the RCF and TLA, while AgFirst Farm Credit Bank and AgSouth Farm Credit, ACA managed the Farm Credit facilities.

Dole plc (NYSE: DOLE) has scheduled the release of its first quarter 2025 financial results for Monday, May 12, 2025, before market opening. The company will host a webcast and conference call at 8:00 a.m. Eastern Time on the same day.

Management will provide a presentation alongside the press release and supplemental financial information on the company website. Interested parties can access the live webcast and subsequent replay through the investor relations section of Dole's website or via the direct event link.

Dole plc (NYSE: DOLE) has announced the availability of its 2024 annual report on Form 20-F, which includes audited financial statements for the fiscal year ended December 31, 2024. The report was filed with the SEC on March 11, 2025.

Shareholders can access the Annual Report through multiple channels: the 'Financials' section of Dole's website at www.doleplc.com/investor-relations, the SEC's website at www.sec.gov, or by requesting a free hard copy directly from the company either by mail or email.

Dole plc (NYSE: DOLE) reported strong Q4 and full-year 2024 results. Q4 revenue reached $2.2 billion, up 4.6% (10.1% like-for-like), though the company recorded a net loss of $31.6 million due to a $78.2 million non-cash write-down of the Fresh Vegetables division.

Full-year 2024 highlights include: revenue of $8.5 billion (+2.8%), net income of $143.4 million, and Adjusted EBITDA of $392.2 million (+1.8%). The company improved its financial position with net debt reduction of $181.1 million to $637.1 million and net leverage of 1.6x.

The Fresh Fruit segment showed strong performance with revenue up 5% for the year, driven by higher banana volumes and pineapple pricing. For 2025 outlook, Dole targets Adjusted EBITDA of $370-380 million, considering challenges from Tropical Storm Sara impact on Honduran operations. The company declared a Q4 2024 dividend of $0.08 per share.