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 Co (NASDAQ: LMNR) generates a steady flow of news as an international agribusiness focused on citrus and avocado production, lemon packing and real estate development. Company announcements describe Limoneira as a 132-year-old integrated agribusiness headquartered in Santa Paula, California, with agricultural lands, real estate properties and water rights in California, Arizona, Chile and Argentina. News coverage of LMNR often centers on how these assets support its strategy of growing agriculture income and monetizing land and water holdings.
Investors following Limoneira’s news can expect regular earnings releases that detail agribusiness performance, including fresh packed lemon sales, brokered lemon and other lemon revenue, avocado volumes and pricing, orange revenue and specialty citrus, wine grape and other agribusiness results. These reports also discuss operating income or loss, non-GAAP metrics and segment trends, providing insight into how crop yields, pricing and costs affect overall results.
Beyond quarterly and annual results, Limoneira issues news about strategic initiatives such as expanding avocado production, transitioning fresh citrus sales and marketing to Sunkist Growers, Inc., and streamlining operations. Press releases also highlight real estate developments like Harvest at Limoneira, including lot sales, phase completions and increased residential entitlements, as well as plans to explore housing development on the Limco Del Mar Ranch to address regional housing needs.
Additional news items cover land and water transactions, including sales of non-strategic land assets and water pumping rights, and the sale of Chilean ranches while retaining a stake in a Chilean citrus packing and marketing business. Dividend declarations, lending agreements and modifications, and governance or compensation updates disclosed via Form 8-K are also reflected in Limoneira’s news flow. For a comprehensive view of LMNR, readers can use this news page to track how operational performance, asset monetization and financing decisions evolve over time.
Limoneira Company (Nasdaq: LMNR) will announce its financial results for Q1 2022, ending January 31, on March 10, 2022, after the market close. A conference call is scheduled for the same day at 1:30 PM PT to discuss the results. Investors can participate via phone or listen to a live webcast on the company's website, which will be available for 30 days post-event. The company has a long history in agribusiness, with extensive agricultural lands and a strong focus on sustainability.
Limoneira Company (LMNR) reported a 13% revenue increase in Q4 fiscal 2021, reaching $33.5 million, driven by rising lemon prices and a doubling of brokered fruit revenue to $17.4 million. Despite global logistics challenges impacting exports, the company anticipates improved lemon carton pricing and revenue growth in FY 2022. Fresh lemon sales dropped to $7.8 million from $13.3 million YoY, largely due to shipping delays. For FY 2021, total revenue was $166.0 million versus $164.6 million in FY 2020, marking progress amid ongoing pandemic-related disruptions.
Limoneira Company (Nasdaq: LMNR), based in Santa Paula, California, announced its participation in the 24th Annual ICR Conference from January 10-12, 2022, in Orlando, Florida. CEO Harold Edwards and CFO Mark Palamountain will present on January 11 at 1:30 pm ET, with a live webcast available on their website. Limoneira, an established agribusiness with 15,400 acres of agricultural land and operations in California, Arizona, Chile, and Argentina, specializes in lemons, avocados, and other crops. For details, visit www.limoneira.com.
Limoneira Company (LMNR) will release its financial results for the fourth quarter and full fiscal year ended
On December 14, 2021, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share, payable on January 14, 2022, to stockholders of record on December 27, 2021. Limoneira, headquartered in Santa Paula, California, has over 15,400 acres of agricultural land and produces lemons, avocados, oranges, and specialty citrus. Founded 128 years ago, it focuses on sustainable agricultural practices and has operations in California, Arizona, Chile, and Argentina.
Limoneira Company (NASDAQ: LMNR) announced its participation in the Stephens 23rd Annual Investment Conference scheduled for December 1-3, 2021, in Nashville, TN. CEO Harold Edwards and CFO Mark Palamountain will engage in a fireside chat on December 2, 2021, at 1:00 pm PT. This chat will be available for live streaming and will be archived on the company's website. Limoneira, based in Santa Paula, California, has over 15,400 acres of agricultural land and specializes in producing lemons, avocados, oranges, and specialty citrus.
Limoneira Company (NASDAQ: LMNR) announced the appointment of Elizabeth (Beth) Mora to its Board of Directors, expanding the board to 11 members, nine of whom are independent. Mora brings over 30 years of experience in finance and ESG, having held executive roles at Draper and Harvard. Her expertise is expected to enhance Limoneira's strategic direction and commitment to diversity and sustainability. Mora expressed enthusiasm for contributing to the company's long-term growth while honoring its legacy.
Limoneira Company (Nasdaq: LMNR) announced the completion of Phase 1 of its joint venture with The Lewis Group of Companies, closing 30 additional residential homesites with K. Hovnanian Homes, totaling 586 residential units sold. This follows 232 units sold in fiscal 2021. The Harvest at Limoneira project, located in Southern California, boasts scenic views and is attracting strong interest from buyers. Limoneira continues to grow as a diversified agribusiness with significant real estate development operations.
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.