Limoneira Company Announces Third Quarter Fiscal Year 2026 Financial Results
Revenue and earnings weakened on impairments and lower brokerage citrus sales, while cost cuts, asset monetizations and avocado growth reshape Limoneira’s profile.
Third Quarter Total Net Revenues of
Entered Agreement to Sell Windfall Farms Vineyard Property for
Water Monetization Strategy Remains on Track for Fiscal Year 2026
Raises Avocado Volume and Narrows Lemon Volume Guidance for Full Year Fiscal 2026
The Company continues to execute on its value creation strategy of growing agriculture income and monetizing land and water assets.
-
Agriculture initiatives include:
- Streamlining operations;
- Expanding avocado production;
- Optimizing lemon packing with recently announced Sunkist partnership; and
-
Expanding organic recycling facility.
-
Land and water assets initiatives include:
- Selling non-strategic land assets as part of the Company's near-term monetization pipeline; and
- Selling certain water rights as part of the Company's near and medium-term monetization pipeline.
Management Comments
Harold Edwards, President and Chief Executive Officer of the Company, stated, “Third quarter results came in below our expectations due to lighter than anticipated lemon sales volume. However, adjusted EBITDA exceeded prior-year third quarter results, and our overall performance reflects our continued efforts to execute our strategic transformation to position Limoneira for long-term value creation. The quarter benefited from higher total agribusiness operating income and progress toward our targeted
We expect the sale of Windfall Farms for
As we enter the fiscal fourth quarter, we expect another quarter of positive adjusted EBITDA and additional monetization events. We are building a more focused and efficient Limoneira, and we believe the full impact of that transformation will be increasingly visible in fiscal 2027,” concluded Mr. Edwards.
Fiscal Year 2026 Third Quarter Results
For the third quarter of fiscal year 2026, total net revenues were
Agribusiness revenues in the third quarter of fiscal year 2026 include
The Company recognized
The Company recognized no orange revenue in the third quarter of fiscal year 2026, compared to
Total costs and expenses in the third quarter of fiscal year 2026 were
Operating loss for the third quarter of fiscal year 2026 was
Net loss applicable to common stock, after preferred dividends, for the third quarter of fiscal year 2026 was
Adjusted net income for diluted EPS in the third quarter of fiscal year 2026 was
Non-GAAP adjusted EBITDA was
Fiscal Year 2026 First Nine Months Results
For the nine months ended July 31, 2026, total net revenues were
Operating loss for the first nine months of fiscal year 2026 was
Net loss applicable to common stock, after preferred dividends, was
For the first nine months of fiscal year 2026, adjusted net loss for diluted EPS was
Balance Sheet and Liquidity
During the first nine months of fiscal year 2026, net cash used in operating activities was
Long-term debt, less current portion as of July 31, 2026 was
Insurance Proceeds
During the first nine months of fiscal year 2026, the Company received aggregate insurance proceeds of
Land and Water Asset Monetization
In April 2024, Harvest at Limoneira closed on lot sales representing 554 residential units, thus completing the sell-out of Phase 2 of the development. In February 2026, Harvest at Limoneira celebrated the grand opening of five new neighborhoods in Phase 2, and home sales are underway.
In September 2025, Limoneira announced plans to explore the development of housing on the Limco Del Mar Ranch to help address Ventura County’s housing needs. Limoneira believes that infill development, such as the Limco Del Mar project, offers the opportunity for efficient, balanced, and well-planned development that has the potential to stimulate economic growth, create jobs, and contribute to vibrant, livable communities.
In April 2026, Limoneira completed the formation of a 50/50 joint venture with California Wood Recycling, Inc. dba Agromin, one of
In April 2026, Limoneira made the decision to cease citrus farming operations on the remaining 600 acres of lemons located at the Company’s Associated Citrus Packers property in
In August 2026, Limoneira's wholly owned subsidiary, Windfall Investors, LLC, entered into a Purchase and Sale Agreement to sell the Company’s Windfall Farms property following a competitive public auction. The property is located in
Fiscal Year 2026 Guidance and Longer-Term Outlook
The Company expects fresh lemon volumes to be at the lower end of its previously announced range of 4.0 million to 4.5 million cartons for fiscal year 2026.
The Company increased its expected avocado volumes to be in the range of 7.0 million to 7.25 million, compared to the previous range of 5.5 million to 6.5 million pounds for fiscal year 2026.
The Company expects to receive total proceeds of approximately
Harvest at Limoneira Cash Flow Projections (in millions)
Fiscal Year |
|
2024 Actual |
|
2025 Actual |
|
2026 |
|
2027 |
|
2028 |
|
2029 |
|
2030 |
Projected Distributions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Company has 800 acres of non-bearing avocados estimated to become full bearing over the next two to four years, which the Company expects will enable strong organic growth in the coming years. Additionally, the Company plans to expand its plantings of avocados by an additional 200 acres through fiscal year 2027. The foregoing describes organic growth opportunities and does not include potential acquisition opportunities for the Company in its highly fragmented industry.
Conference Call Information
The Company will host a conference call to discuss its financial results on September 9, 2026, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Investors interested in participating in the live call can dial (877) 407-0789 from the
About Limoneira Company
Limoneira Company, a 133-year-old international agribusiness headquartered in Santa Paula, California, has become one of the premier integrated agribusinesses in the world. Limoneira (lē moñ âra) is a dedicated sustainability company with 7,000 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona and Argentina. The Company is a leading producer of lemons and avocados that are enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Limoneira’s current expectations about future events and can be identified by terms such as “may,” “might,” “will,” “should,” “would,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “likely,” “potential,” “remain,” or “continue,” and similar expressions referring to future periods.
Limoneira believes the expectations reflected in the forward-looking statements are reasonable but cannot guarantee future results, level of activity, performance or achievements. Actual results may differ materially from those expressed or implied in the forward-looking statements. Therefore, Limoneira cautions you against relying on any of these forward-looking statements. Factors that may cause future outcomes to differ materially from those foreseen in forward-looking statements include, but are not limited to: success in executing the Company’s business plans and strategies and managing the risks involved in the foregoing, including the proposed sale of Windfall Farms, subject to customary closing conditions, and the anticipated benefits of such sale; the future monetization of water rights and non-strategic land assets; the achievement of selling, general and administrative expense savings; the ongoing transition of the Company's lemon sales and marketing operations to Sunkist Growers Inc. and the ability of the transition to improve efficiency and reduce costs; the Company may not realize the anticipated benefits and earnings of the newly formed joint venture with Agromin; changes in laws, regulations, rules, quotas, tariffs and import laws; weather conditions that affect production, transportation, storage, import and export of fresh produce; increased pressure from crop disease, insects and other pests; disruption of water supplies or changes in water allocations; disruption in the global supply chain; pricing and supply of raw materials and products; market responses to industry volume pressures; pricing and supply of energy; inability to pay debt obligations; ability to maintain compliance with debt covenants under our loan agreements or obtain modifications, waivers or deferrals of such covenants; changes in interest rates and the impact of inflation; availability of financing for land development activities; general economic conditions for residential and commercial real estate development; political changes and economic crises; international conflict; acts of terrorism; labor disruptions, strikes or work stoppages; government restrictions on land use; the impact of foreign exchange rate movements; loss of important intellectual property rights; and market and pricing risks due to concentrated ownership of stock. Other risks and uncertainties include, among others, those that are described in Limoneira’s SEC filings that are available on the SEC’s website at http://www.sec.gov. Limoneira undertakes no obligation to subsequently update or revise the forward-looking statements made in this press release, except as required by law.
LIMONEIRA COMPANY |
|||||||
CONSOLIDATED BALANCE SHEETS (UNAUDITED) |
|||||||
(in thousands, except share and per share data) |
|||||||
|
July 31, 2026 |
|
October 31, 2025 |
||||
Assets |
|
|
|
||||
Current assets: |
|
|
|
||||
Cash |
$ |
2,210 |
|
|
$ |
1,509 |
|
Accounts receivable, net |
|
15,341 |
|
|
|
15,432 |
|
Cultural costs |
|
1,586 |
|
|
|
2,406 |
|
Prepaid expenses and other current assets |
|
4,177 |
|
|
|
4,444 |
|
Receivables/other from related parties, net |
|
1,795 |
|
|
|
2,973 |
|
Assets held for sale |
|
14,164 |
|
|
|
13,718 |
|
Total current assets |
|
39,273 |
|
|
|
40,482 |
|
Property, plant and equipment, net |
|
142,516 |
|
|
|
172,645 |
|
Real estate development |
|
11,896 |
|
|
|
10,628 |
|
Equity in investments |
|
74,852 |
|
|
|
72,167 |
|
Goodwill |
|
1,373 |
|
|
|
1,506 |
|
Intangible assets, net |
|
2,185 |
|
|
|
2,621 |
|
Other assets |
|
27,259 |
|
|
|
11,088 |
|
Total assets |
$ |
299,354 |
|
|
$ |
311,137 |
|
|
|
|
|
||||
Liabilities, Convertible Preferred Stock and Stockholders’ Equity |
|
|
|
||||
Current liabilities: |
|
|
|
||||
Accounts payable |
$ |
5,743 |
|
|
$ |
7,896 |
|
Growers and suppliers payable |
|
6,976 |
|
|
|
6,885 |
|
Accrued liabilities |
|
7,457 |
|
|
|
9,290 |
|
Payables to related parties |
|
5,072 |
|
|
|
5,989 |
|
Current portion of long-term debt |
|
837 |
|
|
|
31 |
|
Total current liabilities |
|
26,085 |
|
|
|
30,091 |
|
Long-term liabilities: |
|
|
|
||||
Long-term debt, less current portion |
|
100,677 |
|
|
|
72,450 |
|
Deferred income taxes |
|
6,085 |
|
|
|
15,378 |
|
Other long-term liabilities |
|
5,337 |
|
|
|
2,381 |
|
Total liabilities |
|
138,184 |
|
|
|
120,300 |
|
Commitments and contingencies |
|
— |
|
|
|
— |
|
Series B Convertible Preferred Stock – |
|
1,331 |
|
|
|
1,479 |
|
Series B-2 Convertible Preferred Stock – |
|
9,331 |
|
|
|
9,331 |
|
Stockholders’ equity: |
|
|
|
||||
Series A Junior Participating Preferred Stock – |
|
— |
|
|
|
— |
|
Common Stock – |
|
181 |
|
|
|
180 |
|
Additional paid-in capital |
|
172,123 |
|
|
|
171,365 |
|
Accumulated deficit |
|
(36,393 |
) |
|
|
(1,070 |
) |
Accumulated other comprehensive loss |
|
(309 |
) |
|
|
(6,270 |
) |
Treasury stock, at cost, 250,977 shares at July 31, 2026 and October 31, 2025 |
|
(3,493 |
) |
|
|
(3,493 |
) |
Noncontrolling interests |
|
18,399 |
|
|
|
19,315 |
|
Total stockholders' equity |
|
150,508 |
|
|
|
180,027 |
|
Total liabilities, convertible preferred stock and stockholders’ equity |
$ |
299,354 |
|
|
$ |
311,137 |
|
LIMONEIRA COMPANY |
|||||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) |
|||||||||||||||
(in thousands, except per share data) |
|||||||||||||||
|
Three Months Ended July 31, |
|
Nine Months Ended July 31, |
||||||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||||||
Net revenues: |
|
|
|
|
|
|
|
||||||||
Agribusiness |
$ |
42,165 |
|
|
$ |
45,942 |
|
|
$ |
81,451 |
|
|
$ |
112,376 |
|
Other operations |
|
1,644 |
|
|
|
1,536 |
|
|
|
4,489 |
|
|
|
4,526 |
|
Total net revenues |
|
43,809 |
|
|
|
47,478 |
|
|
|
85,940 |
|
|
|
116,902 |
|
Costs and expenses: |
|
|
|
|
|
|
|
||||||||
Agribusiness |
|
37,252 |
|
|
|
42,050 |
|
|
|
83,429 |
|
|
|
107,253 |
|
Other operations |
|
1,038 |
|
|
|
1,086 |
|
|
|
3,120 |
|
|
|
3,266 |
|
Impairment of assets |
|
4,129 |
|
|
|
— |
|
|
|
13,453 |
|
|
|
— |
|
Gain on sales of water rights |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,488 |
) |
Loss and expected loss on disposal of assets, net |
|
335 |
|
|
|
15 |
|
|
|
8,229 |
|
|
|
27 |
|
Other operating income |
|
— |
|
|
|
— |
|
|
|
(1,114 |
) |
|
|
— |
|
Selling, general and administrative |
|
4,015 |
|
|
|
4,957 |
|
|
|
14,028 |
|
|
|
17,165 |
|
Total costs and expenses |
|
46,769 |
|
|
|
48,108 |
|
|
|
121,145 |
|
|
|
126,223 |
|
Operating loss |
|
(2,960 |
) |
|
|
(630 |
) |
|
|
(35,205 |
) |
|
|
(9,321 |
) |
Other (expense) income: |
|
|
|
|
|
|
|
||||||||
Interest income |
|
28 |
|
|
|
22 |
|
|
|
152 |
|
|
|
50 |
|
Interest expense, net of patronage dividends |
|
(1,114 |
) |
|
|
(410 |
) |
|
|
(2,453 |
) |
|
|
(898 |
) |
Equity in earnings (losses) of investments, net |
|
62 |
|
|
|
274 |
|
|
|
(149 |
) |
|
|
867 |
|
Other income (expense), net |
|
8 |
|
|
|
10 |
|
|
|
(5,935 |
) |
|
|
26 |
|
Total other (expense) income |
|
(1,016 |
) |
|
|
(104 |
) |
|
|
(8,385 |
) |
|
|
45 |
|
Loss before income tax benefit (provision) |
|
(3,976 |
) |
|
|
(734 |
) |
|
|
(43,590 |
) |
|
|
(9,276 |
) |
Income tax benefit (provision) |
|
1,025 |
|
|
|
(182 |
) |
|
|
9,002 |
|
|
|
1,924 |
|
Net loss |
|
(2,951 |
) |
|
|
(916 |
) |
|
|
(34,588 |
) |
|
|
(7,352 |
) |
Net (income) loss attributable to noncontrolling interests, net |
|
(42 |
) |
|
|
61 |
|
|
|
748 |
|
|
|
62 |
|
Net loss attributable to Limoneira Company |
|
(2,993 |
) |
|
|
(855 |
) |
|
|
(33,840 |
) |
|
|
(7,290 |
) |
Preferred dividends |
|
— |
|
|
|
(125 |
) |
|
|
(125 |
) |
|
|
(376 |
) |
Net loss applicable to common stock |
$ |
(2,993 |
) |
|
$ |
(980 |
) |
|
$ |
(33,965 |
) |
|
$ |
(7,666 |
) |
|
|
|
|
|
|
|
|
||||||||
Basic net loss per common share |
$ |
(0.17 |
) |
|
$ |
(0.06 |
) |
|
$ |
(1.91 |
) |
|
$ |
(0.43 |
) |
|
|
|
|
|
|
|
|
||||||||
Diluted net loss per common share |
$ |
(0.17 |
) |
|
$ |
(0.06 |
) |
|
$ |
(1.91 |
) |
|
$ |
(0.43 |
) |
|
|
|
|
|
|
|
|
||||||||
Weighted-average common shares outstanding-basic |
|
17,962 |
|
|
|
17,854 |
|
|
|
17,932 |
|
|
|
17,823 |
|
Weighted-average common shares outstanding-diluted |
|
17,962 |
|
|
|
17,854 |
|
|
|
17,932 |
|
|
|
17,823 |
|
Non-GAAP Financial Measures
Due to significant depreciable assets associated with the nature of the Company’s operations and interest costs associated with the Company's capital structure, management believes that earnings before interest, income taxes, depreciation and amortization (“EBITDA”) and adjusted EBITDA, which excludes stock-based compensation, impairment of assets, loss and expected loss on disposal of assets, net and foreign currency gains or losses, are important measures to evaluate the Company's results of operations between periods on a more comparable basis. Beginning in fiscal year 2026, adjusted EBITDA excludes foreign currency gains or losses, as management believes this is a better representation of cash generated by operations. Foreign currency losses were immaterial in fiscal year 2025 and, therefore, were not separately adjusted. Such measurements are not prepared in accordance with
EBITDA and adjusted EBITDA are summarized and reconciled to net loss attributable to Limoneira Company, which management considers to be the most directly comparable financial measure calculated and presented in accordance with GAAP, as follows (in thousands):
|
Three Months Ended July 31, |
|
Nine Months Ended July 31, |
||||||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||||||
Net loss attributable to Limoneira Company |
$ |
(2,993 |
) |
|
$ |
(855 |
) |
|
$ |
(33,840 |
) |
|
$ |
(7,290 |
) |
Interest income |
|
(28 |
) |
|
|
(22 |
) |
|
|
(152 |
) |
|
|
(50 |
) |
Interest expense, net of patronage dividends |
|
1,114 |
|
|
|
410 |
|
|
|
2,453 |
|
|
|
898 |
|
Income tax (benefit) provision |
|
(1,025 |
) |
|
|
182 |
|
|
|
(9,002 |
) |
|
|
(1,924 |
) |
Depreciation and amortization |
|
1,948 |
|
|
|
2,482 |
|
|
|
6,120 |
|
|
|
6,607 |
|
EBITDA |
|
(984 |
) |
|
|
2,197 |
|
|
|
(34,421 |
) |
|
|
(1,759 |
) |
Stock-based compensation |
|
388 |
|
|
|
762 |
|
|
|
1,034 |
|
|
|
2,245 |
|
Impairment of assets |
|
4,129 |
|
|
|
— |
|
|
|
13,453 |
|
|
|
— |
|
Loss and expected loss on disposal of assets, net |
|
335 |
|
|
|
15 |
|
|
|
8,229 |
|
|
|
27 |
|
Foreign currency (gains) losses |
|
(5 |
) |
|
|
— |
|
|
|
6,115 |
|
|
|
— |
|
Adjusted EBITDA |
$ |
3,863 |
|
|
$ |
2,974 |
|
|
$ |
(5,590 |
) |
|
$ |
513 |
|
The following is a reconciliation of net loss attributable to Limoneira Company to adjusted net loss for diluted EPS (in thousands, except per share data):
|
Three Months Ended July 31, |
|
Nine Months Ended July 31, |
||||||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||||||
Net loss attributable to Limoneira Company |
$ |
(2,993 |
) |
|
$ |
(855 |
) |
|
$ |
(33,840 |
) |
|
$ |
(7,290 |
) |
Effect of preferred stock and unvested, restricted stock |
|
(127 |
) |
|
|
(141 |
) |
|
|
(382 |
) |
|
|
(428 |
) |
Stock-based compensation |
|
388 |
|
|
|
762 |
|
|
|
1,034 |
|
|
|
2,245 |
|
Impairment of assets |
|
4,129 |
|
|
|
— |
|
|
|
13,453 |
|
|
|
— |
|
Loss and expected loss on disposal of assets, net |
|
335 |
|
|
|
15 |
|
|
|
8,229 |
|
|
|
27 |
|
Foreign currency (gains) losses |
|
(5 |
) |
|
|
— |
|
|
|
6,115 |
|
|
|
— |
|
Tax effect of adjustments at federal and state rates |
|
(1,335 |
) |
|
|
(214 |
) |
|
|
(7,940 |
) |
|
|
(625 |
) |
Adjusted net income (loss) for diluted EPS |
$ |
392 |
|
|
$ |
(433 |
) |
|
$ |
(13,331 |
) |
|
$ |
(6,071 |
) |
|
|
|
|
|
|
|
|
||||||||
Diluted net loss per common share |
$ |
(0.17 |
) |
|
$ |
(0.06 |
) |
|
$ |
(1.91 |
) |
|
$ |
(0.43 |
) |
Adjusted diluted net income (loss) per common share |
$ |
0.02 |
|
|
$ |
(0.02 |
) |
|
$ |
(0.74 |
) |
|
$ |
(0.34 |
) |
|
|
|
|
|
|
|
|
||||||||
Weighted-average common shares outstanding - diluted |
|
17,962 |
|
|
|
17,854 |
|
|
|
17,932 |
|
|
|
17,823 |
|
Adjusted weighted-average common shares outstanding - diluted |
|
17,962 |
|
|
|
17,854 |
|
|
|
17,932 |
|
|
|
17,823 |
|
Supplemental Information |
||||||||||||||
(in thousands): |
||||||||||||||
|
Agribusiness Segment Information for the Three Months Ended July 31, 2026 |
|||||||||||||
|
Fresh Lemons |
Lemon Packing |
Avocados |
Other Agribusiness |
Total Agribusiness |
|||||||||
Revenues from external customers |
$ |
17,864 |
$ |
15,891 |
$ |
8,029 |
$ |
381 |
$ |
42,165 |
||||
Costs and expenses, excluding depreciation and amortization: |
|
|
|
|
|
|||||||||
Labor and benefits |
|
— |
|
5,248 |
|
— |
|
— |
|
5,248 |
||||
Packing supplies and fruit treatments |
|
— |
|
3,758 |
|
— |
|
— |
|
3,758 |
||||
Harvest costs |
|
2,210 |
|
— |
|
1,306 |
|
— |
|
3,516 |
||||
Growing costs |
|
1,360 |
|
— |
|
4,065 |
|
239 |
|
5,664 |
||||
Third party grower and supplier costs |
|
12,926 |
|
— |
|
— |
|
— |
|
12,926 |
||||
Other segment items |
|
— |
|
4,428 |
|
— |
|
— |
|
4,428 |
||||
Total costs and expenses, excluding depreciation and amortization |
|
16,496 |
|
13,434 |
|
5,371 |
|
239 |
|
35,540 |
||||
Depreciation and amortization |
|
— |
|
— |
|
— |
|
— |
|
1,712 |
||||
Operating income |
$ |
1,368 |
$ |
2,457 |
$ |
2,658 |
$ |
142 |
$ |
4,913 |
||||
|
Agribusiness Segment Information for the Three Months Ended July 31, 2025 |
||||||||||||||||
|
Fresh Lemons |
Lemon Packing |
Avocados |
Other Agribusiness |
Total Agribusiness |
||||||||||||
Revenues from external customers |
$ |
19,630 |
|
$ |
14,556 |
$ |
8,488 |
$ |
3,268 |
|
$ |
45,942 |
|||||
Costs and expenses, excluding depreciation and amortization: |
|
|
|
|
|
||||||||||||
Labor and benefits |
|
— |
|
|
6,008 |
|
— |
|
— |
|
|
6,008 |
|||||
Packing supplies and fruit treatments |
|
— |
|
|
3,801 |
|
— |
|
— |
|
|
3,801 |
|||||
Harvest costs |
|
2,815 |
|
|
— |
|
1,073 |
|
21 |
|
|
3,909 |
|||||
Growing costs |
|
1,480 |
|
|
— |
|
2,660 |
|
(84 |
) |
|
4,056 |
|||||
Third party grower and supplier costs |
|
16,510 |
|
|
— |
|
— |
|
2,160 |
|
|
18,670 |
|||||
Other segment items |
|
— |
|
|
2,915 |
|
— |
|
449 |
|
|
3,364 |
|||||
Total costs and expenses, excluding depreciation and amortization |
|
20,805 |
|
|
12,724 |
|
3,733 |
|
2,546 |
|
|
39,808 |
|||||
Depreciation and amortization |
|
— |
|
|
— |
|
— |
|
— |
|
|
2,242 |
|||||
Operating income (loss) |
$ |
(1,175 |
) |
$ |
1,832 |
$ |
4,755 |
$ |
722 |
|
$ |
3,892 |
|||||
Supplemental Information (continued) |
||||||||||||
(in thousands, except acres and average price amounts): |
||||||||||||
Lemons |
Q3 2026 |
Q3 2025 |
|
Lemon Packing |
Q3 2026 |
Q3 2025 |
||||||
|
|
|
|
Cartons packed and sold |
|
1,373 |
|
1,397 |
||||
Acres harvested |
|
700 |
|
1,600 |
|
Revenue |
$ |
15,891 |
$ |
14,556 |
||
Limoneira cartons sold |
|
371 |
|
385 |
|
Direct costs |
$ |
13,434 |
$ |
12,724 |
||
Third-party grower cartons sold |
|
1,002 |
|
1,012 |
|
Operating income |
$ |
2,457 |
$ |
1,832 |
||
Average price per carton |
$ |
19.88 |
$ |
17.02 |
|
|
|
|
||||
|
|
|
|
Avocados |
Q3 2026 |
Q3 2025 |
||||||
|
|
|
|
Pounds sold |
|
7,013 |
|
5,654 |
||||
Lemon revenue |
$ |
— |
$ |
182 |
|
Average price per pound |
$ |
1.15 |
$ |
1.50 |
||
40-pound carton equivalents |
|
— |
|
96 |
|
|
|
|
||||
|
|
|
|
|
|
|
||||||
Other: |
|
|
|
|
|
|
||||||
Pack handling |
$ |
5,985 |
$ |
6,063 |
|
|
|
|
||||
Lemon by-product sales |
$ |
495 |
$ |
510 |
|
|
|
|
||||
Brokered lemons and other lemon sales |
$ |
— |
$ |
3,663 |
|
|
|
|
||||
|
|
|
|
|
|
|
||||||
Agribusiness Costs and Expenses |
Q3 2026 |
Q3 2025 |
|
|
|
|
||||||
Packing costs |
$ |
13,434 |
$ |
12,724 |
|
|
|
|
||||
Harvest costs |
|
3,516 |
|
3,910 |
|
|
|
|
||||
Growing costs |
|
5,664 |
|
4,056 |
|
|
|
|
||||
Third-party grower and supplier costs |
|
12,926 |
|
18,670 |
|
|
|
|
||||
Other costs |
|
— |
|
448 |
|
|
|
|
||||
Depreciation and amortization |
|
1,712 |
|
2,242 |
|
|
|
|
||||
Agribusiness costs and expenses |
$ |
37,252 |
$ |
42,050 |
|
|
|
|
||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20260909399419/en/
Investors
John Mills
Managing Partner
ICR 646-277-1254
Source: Limoneira Company