Limoneira Co Stock Price, News & Analysis

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.

Limoneira (LMNR) announced a 50/50 joint venture with Agromin , California's largest organics waste recycler, to expand their organic waste recycling program. The venture will transform their existing 15-acre green waste composting facility at Limoneira Ranch in Santa Paula into a 70-acre commercial-scale facility processing both green and food waste.

The expanded facility is projected to generate significant returns with first-year EBITDA of $5.0 million, shared equally between partners, growing to $9.0 million annually over ten years. Limoneira will lease the site to the joint venture for approximately $0.6 million annually.

The project, scheduled to begin construction in fiscal year 2025 with completion phases in 2026, received a $10.0 million grant from California's CalRecycle Organics Grant Program. Once operational, the facility will process approximately 295,000 tons of organic waste yearly, supporting sustainable farming through improved soil health and water conservation.

Limoneira Company (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company, has announced its latest quarterly dividend. The company's Board of Directors declared a quarterly cash dividend of $0.075 per common share on March 18, 2025.

The dividend will be payable on April 11, 2025, to stockholders of record as of March 31, 2025. Limoneira operates in agribusiness activities and real estate development operations.

Limoneira (Nasdaq: LMNR) has announced a $30 million share repurchase authorization for its outstanding common stock. The company has also formally concluded its strategic alternatives exploration process that was announced on December 1, 2023.

The company remains committed to its comprehensive value creation roadmap, which includes:

• Divesting non-core assets
• Advancing real estate development initiatives at Harvest
• Pursuing land use conversion opportunities
• Monetizing water resources
• Expanding its position as a major U.S. avocado grower
• Enhancing its citrus services business

The share repurchase program can be executed through open market or private transactions and may be modified, suspended, or discontinued at any time. The timing and extent of repurchases will depend on market conditions, regulatory requirements, and other corporate considerations.

Limoneira (LMNR) reported Q1 FY2025 financial results showing improved operating performance despite market challenges. Total revenue was $34.3 million, down from $39.7 million in Q1 FY2024. The company's operating loss improved 31% to $5.3 million, while net loss per share was $0.18.

Fresh packed lemon sales reached $21.2 million with 1,147,000 cartons sold at an average price of $18.44 per carton. The company monetized water rights for $1.7 million in proceeds and maintains its guidance for fiscal year 2025, expecting fresh lemon volumes of 5.0-5.5 million cartons and avocado volumes of 7.0-8.0 million pounds.

The company continues its strategic transformation through an asset-lighter business model, land and water monetization, avocado production expansion, and citrus business growth across multiple channels.

Limoneira (LMNR) announced its participation in the 37th Annual ROTH Conference at the Laguna Cliffs Marriott in Dana Point, California on March 17th-18th. CEO Harold Edwards and CFO Mark Palamountain will conduct one-on-one investor meetings to discuss the company's strategic transformation.

The transformation strategy focuses on three key areas:

• Strategic land development, entitlements, water rights monetization, and asset sales to realize premium asset value
• Expansion of avocado production to 2,000 planted acres with a target of 30 million pounds annually
• Growth of citrus operations through an asset-lighter model, targeting 80% supply from grower partners