Limoneira Co Stock Price, News & Analysis

On March 21, 2023, Limoneira Company (Nasdaq: LMNR) declared a quarterly cash dividend of $0.075 per common share. This dividend is payable on April 14, 2023, to stockholders of record on April 4, 2023. Founded over 130 years ago and headquartered in Santa Paula, California, Limoneira is recognized as a premier integrated agribusiness with 11,800 acres of agricultural land across California, Arizona, Chile, and Argentina. The company specializes in the production of lemons, avocados, oranges, and specialty citrus products.

Limoneira Company (NASDAQ: LMNR) announced its participation in the 35th Annual Roth Conference on March 13, 2023, in Dana Point, CA. The company has released a new investor presentation available on its website, emphasizing its role as a leading agribusiness with over 11,800 acres of agricultural land across California, Arizona, Chile, and Argentina. Limoneira specializes in producing lemons, avocados, and specialty citrus. This participation signals the company's commitment to engaging with investors and sharing its growth strategies.

Limoneira Company (Nasdaq: LMNR) reported Q1 FY2023 revenues of $37.9 million, slightly down from $39.3 million in the same period last year. Driven by a $40 million gain from the sale of Northern Properties, operating income rose to $25.9 million, compared to a loss of $9.6 million a year earlier. The net debt was reduced by 72% to $28.9 million. Heavy rains delayed some harvests, but the company maintains its volume guidance for lemons and avocados for FY2023, expecting improved pricing for lemons as supply stabilizes.

Limoneira Company (Nasdaq: LMNR) announced its participation in the 35th Annual Roth Conference, scheduled for March 12-14, 2023, in Dana Point, California. CEO Harold Edwards and CFO Mark Palamountain will engage in one-on-one and small group meetings on March 13. Limoneira has a rich history as a leading agribusiness with over 11,900 acres of agricultural land and operations across California, Arizona, Chile, and Argentina. The company specializes in growing lemons, avocados, oranges, and specialty citrus. To schedule meetings with Limoneira, contact a Roth sales representative.

Limoneira Company (NASDAQ: LMNR) announced it will release its financial results for the first quarter ended January 31, 2023 on March 9, 2023, after market close.

The company will hold a conference call at 1:30 pm PT to discuss these results, and details for participation are provided in the release. Limoneira, headquartered in Santa Paula, California, is a leading producer in the agribusiness sector, with operations covering 11,900 acres across California, Arizona, Chile, and Argentina, focusing on sustainable practices.

Limoneira Company (NASDAQ: LMNR) announced the successful sale of its Northern Properties for approximately $99 million in net cash proceeds. This sale, part of a strategic plan initiated in 2022, is expected to enhance EBITDA and earnings per share. With $130 million of the $150 million in non-strategic assets sold in three months, the company aims to reduce its overall debt significantly. Limoneira will maintain operational ties through agreements in farming, packing, and marketing with PAI for the property. A conference call regarding the transaction is scheduled for February 1, 2023.

Limoneira Company (LMNR) will present at the 25th Annual ICR Conference from January 9-11, 2023, at JW Marriot Orlando Grande Lakes, Orlando, Florida. CEO Harold Edwards and CFO Mark Palamountain will deliver the investor presentation on January 10, 2023, at 9:30 am ET. The presentation will be available via live webcast on the Limoneira website under the 'Investor' tab. Limoneira, based in Santa Paula, California, is a leading integrated agribusiness focused on sustainability, owning 15,400 acres across California, Arizona, Chile, and Argentina, primarily producing citrus and avocados.

Limoneira Company (LMNR) reported a strong fiscal year 2022, achieving a record revenue of $184.6 million, an 11% increase from the previous year. The growth was primarily driven by avocado and orange sales, despite challenges in lemon pricing. The company sold $28 million in assets as part of its strategy to transition to an asset-lighter model, targeting $115 million in proceeds from its Harvest at Limoneira initiative. The company reduced debt by over 20% and expects improved performance in fiscal year 2023, with projected fresh lemon volumes of 5.0 to 5.4 million cartons.

On December 20, 2022, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share. This dividend will be payable on January 13, 2023, to stockholders of record as of January 3, 2023. Limoneira is a leading agribusiness with a 129-year history, specializing in citrus production and boasting 15,400 acres of agricultural land across California, Arizona, Chile, and Argentina.