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.
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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.