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) 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.
Limoneira Company (Nasdaq: LMNR) plans to release its financial results for Q2 2021 on June 8, 2021, after market close. A conference call will follow on the same day at 1:30 PM PT (4:30 PM ET) to discuss these results. Interested investors can join the call by dialing (877) 705-6003 or (201) 493-6725 for international calls. A replay will be available through June 22, 2021. Limoneira, based in California, has extensive agribusiness operations covering 15,400 acres across multiple countries, specializing in citrus and other crops.
Limoneira Company (Nasdaq: LMNR) announced that CEO Harold Edwards and CFO Mark Palamountain will present at the Stifel 2021 Cross Sector Insight Conference from June 8-10, 2021. Limoneira's presentation is scheduled for June 9, 2021, at 9:40 am PT (12:40 pm ET) and will be available via a live webcast on their website. Established in 1893, Limoneira is an agribusiness leader with 15,400 acres across California, Arizona, Chile, and Argentina, producing lemons, avocados, oranges, and more. For details, visit www.limoneira.com.