Welcome to our dedicated page for Limoneira news (Ticker: LMNR), a resource for investors and traders seeking the latest updates and insights on Limoneira stock.
Limoneira Company reports developments across a diversified agribusiness built around lemon and avocado growing, lemon packing, related crop marketing, and real estate development operations. News commonly covers quarterly and annual results, lemon and avocado volume guidance, cost and operating initiatives, dividend actions, and the company’s use of agricultural land, water assets, and non-strategic real estate.
Company updates also include avocado acreage expansion, lemon packing partnerships, the Agromin-Limoneira organics recycling joint venture, housing-related real estate activity, and governance or finance leadership matters. These recurring items connect Limoneira’s crop production and packing economics with asset monetization and capital allocation decisions.
Limoneira Company (Nasdaq:LMNR) reported financial results for Q4 and FY 2020, showcasing record lemon volume despite a decline in revenue. Q4 net revenue decreased to $29.8M from $36.5M YOY, attributed to lower demand from food services due to COVID-19. Operating loss was $9.5M, worsening from a $3.6M loss year-over-year. For FY 2020, total revenue was $164.6M, a drop from $171.4M in FY 2019. Net loss applicable to common stock rose to $16.9M, up from $6.4M. Despite challenges, the real estate segment is projected to generate $80M in cash distributions beginning FY 2022.
Limoneira Company (Nasdaq: LMNR) has announced key organizational changes in its marketing department. John Chamberlain, the Vice President of Marketing for over 15 years, retired on December 30, 2020. Michael Gonzales, a marketing manager with a decade of experience at Limoneira, will take over as head of marketing starting January 1, 2021. The company also welcomed Rachel Ertman as the new Marketing Coordinator. Limoneira, headquartered in California, specializes in citrus and other agricultural products across several countries.
Limoneira Company (Nasdaq: LMNR) announced its participation in the 23rd Annual ICR Conference, scheduled from January 11-14, 2021. Harold Edwards, CEO, and Mark Palamountain, CFO, will present on January 12, 2021, at 10:30 am ET. The presentation will be available via a live webcast on Limoneira's website. Established over 126 years ago, Limoneira is a major agribusiness with operations in California, Arizona, Chile, and Argentina, focusing on sustainability and a wide range of agricultural products, including lemons and avocados.
Limoneira Company (Nasdaq: LMNR) announced it will release its financial results for Q4 and the full fiscal year ending October 31, 2020, on January 11, 2021, after market close. A conference call will follow at 1:30 PM PT (4:30 PM ET) to discuss these results. Interested investors can join via U.S. dial-in (877) 705-6003 or international line (201) 493-6725. A webcast of the call will be available on Limoneira's Investor Relations page, archived for 30 days. Limoneira operates across 15,400 acres in various countries, focusing on sustainable agriculture and diverse crop production.
Limoneira Company (Nasdaq: LMNR) has announced the closing of an additional 44 residential lots in its joint venture with The Lewis Group and expects to finalize 32 more with Lennar (NYSE: LEN) by the end of June 2021. To date, Lennar has acquired a total of 231 residential units at the Harvest at Limoneira project, which aims to provide a comprehensive community experience. Limoneira's previous fiscal year saw 187 residential units closed, with a forecast of an additional 76 units for fiscal 2021, bringing the total to 263.
On December 15, 2020, Limoneira Company (Nasdaq: LMNR) declared a quarterly cash dividend of $0.075 per common share, payable on January 15, 2021. Stockholders of record by December 28, 2020 will receive this dividend, reflecting the company's ongoing commitment to returning value to its shareholders. Limoneira, headquartered in Santa Paula, California, is known for its sustainability practices and diverse agribusiness operations, covering 15,400 acres across regions in the US and South America.
Limoneira Company (Nasdaq: LMNR), a leader in the citrus agribusiness sector, will participate in a virtual fireside chat at the Stephens Annual Investment Conference from November 17-19, 2020. The chat, featuring CEO Harold Edwards and CFO Mark Palamountain, is scheduled for November 19 at 8:00 a.m. PT. It will be webcast live, with access available on the company's website under the 'Investor' tab. Founded 126 years ago, Limoneira operates on 15,400 acres across California, Arizona, Chile, and Argentina, producing a variety of crops including lemons and avocados.
Limoneira Company (LMNR) announced the addition of two new board members, Jesus Loza and Amy Fukutomi, to enhance its leadership. Loza, an experienced agribusiness professional, founded Freska Produce and has extensive knowledge of the industry. Fukutomi brings her background from Amgen and her leadership at Oxnard Lemon Company, which Limoneira acquired in 2018. The board's expansion aims to leverage their expertise in agriculture and corporate governance, potentially guiding Limoneira in strategic growth and operations.
On September 29, 2020, Limoneira Company (Nasdaq: LMNR) announced a quarterly cash dividend of $0.075 per common share, to be paid on October 23, 2020, to stockholders of record by October 12, 2020. The company is a leading producer in the agribusiness sector, with operations across California, Arizona, Chile, and Argentina, covering 15,400 acres of agricultural land. Limoneira specializes in lemons, avocados, and other citrus products, focusing on sustainability and integrated agribusiness practices.