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 (Nasdaq: LMNR), a diversified citrus growing and agribusiness company, has scheduled its second quarter fiscal 2025 financial results announcement for June 9, 2025, after market close. The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss the results. U.S. investors can participate by dialing (877) 407-0789, while international callers should use (201) 689-8562. A replay will be available until June 23, 2025, and can be accessed at (844) 512-2921 (U.S.) or (412) 317-6671 (international) with passcode 13753683. A live webcast will also be available on Limoneira's website, with a 30-day archive period.
Limoneira (LMNR) has received a $10 million cash distribution from its real estate development joint venture, Harvest at Limoneira, representing its 50% share of a $20 million total distribution. The joint venture, partnered with The Lewis Group of Companies, reported unaudited cash and cash equivalents of $62.4 million as of January 31, 2025.
The company anticipates receiving total proceeds of $180 million from Harvest at Limoneira, LLCB II and East Area II over seven fiscal years, with approximately $15 million expected in fiscal year 2024. Management indicates the funds may be used for dividends, share repurchases, debt reduction, and future growth opportunities.
Harvest at Limoneira is a residential community development project offering new housing options near the Pacific Ocean, featuring scenic views, parks, hiking trails, and proximity to retail destinations.
Limoneira (LMNR) announced a 50/50 joint venture with Agromin , California's largest organics waste recycler, to expand their organic waste recycling program. The venture will transform their existing 15-acre green waste composting facility at Limoneira Ranch in Santa Paula into a 70-acre commercial-scale facility processing both green and food waste.
The expanded facility is projected to generate significant returns with first-year EBITDA of $5.0 million, shared equally between partners, growing to $9.0 million annually over ten years. Limoneira will lease the site to the joint venture for approximately $0.6 million annually.
The project, scheduled to begin construction in fiscal year 2025 with completion phases in 2026, received a $10.0 million grant from California's CalRecycle Organics Grant Program. Once operational, the facility will process approximately 295,000 tons of organic waste yearly, supporting sustainable farming through improved soil health and water conservation.
Limoneira Company (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company, has announced its latest quarterly dividend. The company's Board of Directors declared a quarterly cash dividend of $0.075 per common share on March 18, 2025.
The dividend will be payable on April 11, 2025, to stockholders of record as of March 31, 2025. Limoneira operates in agribusiness activities and real estate development operations.
Limoneira (Nasdaq: LMNR) has announced a $30 million share repurchase authorization for its outstanding common stock. The company has also formally concluded its strategic alternatives exploration process that was announced on December 1, 2023.
The company remains committed to its comprehensive value creation roadmap, which includes:
- Divesting non-core assets
- Advancing real estate development initiatives at Harvest
- Pursuing land use conversion opportunities
- Monetizing water resources
- Expanding its position as a major U.S. avocado grower
- Enhancing its citrus services business
The share repurchase program can be executed through open market or private transactions and may be modified, suspended, or discontinued at any time. The timing and extent of repurchases will depend on market conditions, regulatory requirements, and other corporate considerations.
Limoneira (LMNR) reported Q1 FY2025 financial results showing improved operating performance despite market challenges. Total revenue was $34.3 million, down from $39.7 million in Q1 FY2024. The company's operating loss improved 31% to $5.3 million, while net loss per share was $0.18.
Fresh packed lemon sales reached $21.2 million with 1,147,000 cartons sold at an average price of $18.44 per carton. The company monetized water rights for $1.7 million in proceeds and maintains its guidance for fiscal year 2025, expecting fresh lemon volumes of 5.0-5.5 million cartons and avocado volumes of 7.0-8.0 million pounds.
The company continues its strategic transformation through an asset-lighter business model, land and water monetization, avocado production expansion, and citrus business growth across multiple channels.
Limoneira (LMNR) announced its participation in the 37th Annual ROTH Conference at the Laguna Cliffs Marriott in Dana Point, California on March 17th-18th. CEO Harold Edwards and CFO Mark Palamountain will conduct one-on-one investor meetings to discuss the company's strategic transformation.
The transformation strategy focuses on three key areas:
- Strategic land development, entitlements, water rights monetization, and asset sales to realize premium asset value
- Expansion of avocado production to 2,000 planted acres with a target of 30 million pounds annually
- Growth of citrus operations through an asset-lighter model, targeting 80% supply from grower partners