Welcome to our dedicated page for Limoneira Co news (Ticker: LMNR), a resource for investors and traders seeking the latest updates and insights on Limoneira Co stock.
Limoneira Company (LMNR) is a leading agribusiness and real estate developer with over a century of expertise in citrus production and community development. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases, earnings reports, and market analyses in one centralized location. Track LMNR's progress across key operational areas including fresh lemon production, avocado cultivation, rental property management, and large-scale real estate projects that shape sustainable communities.
The page features verified updates on agricultural innovations, partnership announcements, sustainability efforts, and regulatory filings. Content is curated to support informed decision-making while maintaining strict editorial neutrality regarding investment potential.
Bookmark this page for direct access to Limoneira's latest corporate communications and industry-related news developments. Check back regularly for comprehensive coverage of LMNR's evolving role in agribusiness and community infrastructure.
On September 28, 2021, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share. This dividend is payable on October 22, 2021, to stockholders of record on October 11, 2021. Limoneira, a longstanding agribusiness based in Santa Paula, California, specializes in citrus production and holds extensive agricultural assets across California, Arizona, Chile, and Argentina. The company emphasizes sustainability and has a diversified portfolio in agriculture and real estate.
Limoneira Company (LMNR) announced a share repurchase program worth $10 million, which reflects the Board of Directors' confidence in the company's future growth. The buyback is aimed at maximizing shareholder value and will be executed through various methods until September 2022, depending on market conditions. CEO Harold Edwards emphasized the commitment to strategically deploy capital and enhance shareholder value. Limoneira, a leader in citrus production, continues to pursue sustainable practices across its extensive agricultural lands.
Limoneira Company (Nasdaq: LMNR) has signed a Memorandum of Understanding with Wileman Bros. & Elliott, Inc. to collaborate on their citrus sales under the One World of Citrus Alliance program. This partnership combines citrus volumes and expertise, aiming to enhance grower returns and service levels. Limoneira will continue to supply oranges and specialty citrus, while Wileman Bros. will manage packing and shipping. Both companies will maintain their brands, and a unified invoicing system will simplify transactions.
Limoneira Company (Nasdaq: LMNR) reported strong financial results for Q3 FY 2021, with operating income up 86% year-over-year, reaching $3.4 million. Total revenues were $49.1 million, down from $53.6 million in Q3 FY 2020, impacted by reduced avocado sales due to drought. Fresh lemon sales contributed $24.4 million, while avocado revenue fell to $4.1 million. The company is optimistic about future growth, supported by a digital transformation plan and real estate project expected to generate $80 million in cash distributions over six years, starting FY 2022.
SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (Nasdaq: LMNR) announced that CEO Harold Edwards and CFO Mark Palamountain will participate in Lake Street Capital Markets' 5th Annual Best Ideas Growth (BIG5) Conference on September 14, 2021. Management will hold virtual one-on-one meetings throughout the day for interested parties.
Limoneira, a 128-year-old agribusiness based in California, specializes in lemons, avocados, oranges, and specialty citrus across 15,400 acres in multiple countries.
Limoneira Company reported preliminary financial results for Q3 FY 2021, revealing net revenue of approximately
Limoneira Company (Nasdaq: LMNR) has announced a non-binding letter of intent to sell 25.28 acres of its 32-acre property, known as “East Area 2,” to Pacific Coast Investments, Inc. The sale will occur in five stages and is contingent on executing a purchase agreement and securing leases necessary for financing. The transaction could enhance Limoneira's expected cash flow by $80 million from its Harvest at Limoneira development project, fostering a medical campus that will serve Ventura County. CEO Harold Edwards highlighted the strategic benefits of this deal for the community.
On June 22, 2021, Limoneira Company (Nasdaq: LMNR) announced a quarterly cash dividend of $0.075 per common share, set to be paid on July 16, 2021, to stockholders on record by July 6, 2021. Limoneira, a 128-year-old agribusiness headquartered in California, focuses on sustainable practices across its 15,400 acres of agricultural land and properties in California, Arizona, Chile, and Argentina. The company is recognized for its production of lemons, avocados, and various citrus fruits, contributing to its position as a leading integrated agribusiness worldwide.
Limoneira Company (Nasdaq: LMNR) announced the closing of an additional 32 residential homesites in its joint venture with The Lewis Group of Companies. These homesites, purchased by Lennar, are part of the Harvest at Limoneira project, which currently includes 586 units in Phase 1. To date, Lennar has acquired 263 homesites. This community offers a range of housing options in Southern California, attracting strong interest from buyers due to its scenic views and proximity to amenities.
Limoneira Company (Nasdaq: LMNR) reported a strong second quarter for fiscal year 2021, with total net revenue reaching $45.1 million, up from $39.6 million year-over-year. Key factors include a 14% increase in top-line growth, driven by record lemon and avocado sales. Adjusted EBITDA improved to $6.0 million from a loss of $0.1 million last year. The real estate project, Harvest at Limoneira, has closed 524 lots and aims for $80 million in cash distributions over the next six years. Despite challenges from COVID-19, management expects improving food service and export markets in the second half of the year.