Dole Plc Stock Price, News & Analysis

Dole plc (NYSE: DOLE), a global leader in fresh produce, has announced its participation in TD Cowen's 2nd Annual Sip, Snack & Scrub Summit. The event will take place on September 17, 2024, at the Westin New York Grand Central in New York, NY. Dole's management will engage in a fireside chat with TD Cowen analyst Robert Moskow at 09:30 a.m. ET and conduct one-on-one meetings with investors during the conference.

Interested parties can access the live webcast and a replay of the fireside chat through Dole's investor relations website or directly via the provided link. This participation underscores Dole's commitment to investor engagement and transparency in the fresh produce market.

Dole plc (NYSE: DOLE) reported strong Q2 2024 financial results with growth across all segments on a like-for-like basis. Key highlights include:

• Revenue of $2.1 billion, down 0.8% but up 4.3% on a like-for-like basis
• Net Income of $88.1 million, up 68.4%
• Adjusted EBITDA of $125.4 million, up 2.2% (8.2% on like-for-like basis)
• Adjusted Net Income of $47.0 million
• Adjusted Diluted EPS of $0.49

The company completed the sale of Progressive Produce, repaid $100 million of Term Loan facilities, and reduced Net Debt to $767.5 million. Dole raised its full-year Adjusted EBITDA target to at least $370.0 million, citing strong first-half performance and positive business momentum.

Dole plc (NYSE: DOLE) has announced it will release its second quarter 2024 financial results on Wednesday, August 14, 2024, before the market opens. The company will host a webcast and conference call at 8:00 a.m. Eastern Time on the same day to discuss the results. A presentation accompanying the discussion will be available on the company's website, along with the press release and supplemental financial information.

Investors and analysts can access the live webcast and subsequent replay at www.doleplc.com/investor-relations or directly at https://events.q4inc.com/attendee/723354344. To join the conference call, participants need to register at https://registrations.events/direct/Q4I2332517 using the conference ID 23325.

Dole, a global leader in fresh produce, will participate in the Deutsche Bank dbAccess 2024 Global Consumer Conference in Paris. The event is scheduled for Wednesday, June 5, 2024. Chief Financial Officer Jacinta Devine and Head of Investor Relations James O'Regan will represent the company. They will be available for one-on-one and group meetings, providing an opportunity for investors to engage directly with Dole's management team.

Dole plc (NYSE: DOLE) reported robust first-quarter results for 2024, with revenue surging by 6.6% to $2.1 billion and net income skyrocketing by 219.5% to $65.4 million. Adjusted EBITDA rose by 9.7% to $110.1 million, and Adjusted Net Income increased to $40.6 million. The company completed the sale of a 65% stake in Progressive Produce, generating $120.3 million in gross proceeds and a $74.0 million gain. The sale proceeds helped reduce long-term debt by $100 million, bringing net debt to $776 million by quarter-end. Revenue gains were seen across all segments, driven by higher volumes and favorable currency impacts. Adjusted Diluted EPS improved to $0.43 from $0.34 the previous year. Despite normal seasonal cash flow outflows of $53.2 million, the company remains optimistic about its 2024 performance, maintaining its Adjusted EBITDA target of at least $360 million.