Limoneira Co Stock Price, News & Analysis

Limoneira (NASDAQ:LMNR) reported Q3 FY2025 financial results, with total net revenues of $47.5 million, down from $63.3 million in Q3 FY2024. The company posted a net loss of $0.06 per diluted share, compared to net income of $0.35 per share in the prior year.

Key highlights include plans to merge citrus sales and marketing into Sunkist Growers, expected to generate $5 million in annual cost savings starting in FY2026. The company sold 1.397 million cartons of fresh lemons at $17.02 per carton and 5.654 million pounds of avocados at $1.50 per pound. Additionally, Limoneira announced plans to explore housing development on its 221-acre Limco Del Mar Ranch property.

The company maintains its guidance for fresh lemon volumes of 4.5-5.0 million cartons and avocado volume of 7.0 million pounds for FY2025. Long-term debt stands at $63.3 million with a net debt position of $61.3 million.

Limoneira (Nasdaq: LMNR) announced plans to explore the development of its 221-acre Limco Del Mar Ranch into housing to address Ventura County's critical housing shortage. The agricultural infill property, bordered by developed areas of the City of Ventura, will undergo a comprehensive development process including community-based planning, environmental review, and various regulatory approvals.

Led by CEO Harold Edwards, the company aims to collaborate with the City of Ventura, county officials, and community partners to design and build new homes. The project will require CEQA review, City Council approval, SOAR vote for property addition, and LAFCO review for annexation to Ventura City.

Limoneira (Nasdaq: LMNR), a diversified citrus growing and agribusiness company, has scheduled its Third Quarter 2025 financial results announcement for September 9, 2025, after market close.

The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss the results. U.S. investors can join via (877) 407-0789, while international callers can use (201) 689-8562. A webcast will be available on Limoneira's investor relations website and archived for 30 days. A replay will be accessible through September 23, 2025.

Limoneira (Nasdaq: LMNR), a diversified citrus company with agribusiness and real estate operations, has announced a quarterly cash dividend. The company's Board of Directors has declared a dividend of $0.075 per common share. The dividend will be paid on July 18, 2025, to shareholders of record as of July 7, 2025.

Limoneira Company (LMNR), a founding member of Sunkist Growers, announced its return to the citrus marketing cooperative effective November 1, 2025. Under the agreement, Limoneira will maintain its independence while transferring its fresh citrus sales and marketing operations, primarily focused on lemons, to Sunkist at the start of the new citrus season. The reunion aims to enhance market access, optimize citrus supply, and strengthen the cooperative's ability to meet customer and grower needs. The strategic move represents a significant alignment between two historic industry players, with both companies committed to ensuring a smooth transition and continued service excellence.

Limoneira Company (LMNR) reported Q2 FY2025 financial results, announcing a strategic merger of its citrus sales and marketing operations with Sunkist Growers, expected to generate $5M in annual cost savings starting FY2026. Q2 revenue was $35.1M, down from $44.6M YoY, with agribusiness revenue at $33.6M. The company reported an operating loss of $3.3M, improved 28% from prior year. Fresh lemon sales declined to $19.7M with 1.36M cartons sold at $14.52/carton. Avocado revenue increased to $2.8M with strong pricing at $2.26/pound. The company maintains its avocado volume guidance of 7-8M pounds for FY2025 and expects fresh lemon volumes of 4.5-5.0M cartons. The real estate development project, Harvest at Limoneira, continues to show strong performance with projected distributions of $180M over seven fiscal years.

Limoneira (LMNR) announced a strategic merger of its citrus sales and marketing operations with Sunkist Growers, marking Limoneira's return as one of Sunkist's largest lemon growers and exclusive private licensed packer. Set to commence in Q1 FY2026, the merger is projected to generate $5 million in annual cost savings and EBITDA improvement through streamlined operations and enhanced supply chain efficiency. The partnership combines Limoneira's operational expertise with Sunkist's distribution network and brand strength, providing Limoneira access to Sunkist's comprehensive citrus portfolio and retail customer base. The deal involves transitioning Limoneira's sales and marketing team to Sunkist and sharing operational capabilities across the network. The transaction is expected to close on November 1, 2025, positioning both companies for growth in food service and retail markets while promising increased packing margins per carton and greater stability against lemon price fluctuations.

Limoneira (Nasdaq: LMNR), a diversified citrus growing and agribusiness company, has scheduled its second quarter fiscal 2025 financial results announcement for June 9, 2025, after market close. The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss the results. U.S. investors can participate by dialing (877) 407-0789, while international callers should use (201) 689-8562. A replay will be available until June 23, 2025, and can be accessed at (844) 512-2921 (U.S.) or (412) 317-6671 (international) with passcode 13753683. A live webcast will also be available on Limoneira's website, with a 30-day archive period.

Limoneira (LMNR) has received a $10 million cash distribution from its real estate development joint venture, Harvest at Limoneira, representing its 50% share of a $20 million total distribution. The joint venture, partnered with The Lewis Group of Companies, reported unaudited cash and cash equivalents of $62.4 million as of January 31, 2025.

The company anticipates receiving total proceeds of $180 million from Harvest at Limoneira, LLCB II and East Area II over seven fiscal years, with approximately $15 million expected in fiscal year 2024. Management indicates the funds may be used for dividends, share repurchases, debt reduction, and future growth opportunities.

Harvest at Limoneira is a residential community development project offering new housing options near the Pacific Ocean, featuring scenic views, parks, hiking trails, and proximity to retail destinations.