Limoneira Co Stock Price, News & Analysis

Limoneira Company (LMNR) reported a 4% revenue growth for Q2 FY 2022, totaling $46.8 million, driven by strong avocado and orange sales. Avocado pricing surged over 50% year-over-year. However, the company faced rising costs in labor and packing. Net income for Q2 was $1.4 million, down from $1.8 million in the previous year, with losses increasing in the first half. The company plans to expand its One World of Citrus initiative and monetize assets to improve cash flow. A fallowing program in Yuma is projected to save 1.3 billion gallons of water, boosting operating results by $1 million.

Limoneira has engaged in a two-year fallowing program with the Yuma Mesa Irrigation and Drainage District, targeting about 400 of its 1,300 acres in Yuma, Arizona. This initiative aims to conserve over 1.3 billion gallons of water annually and is expected to boost operating results by approximately $1.0 million. With this program, Limoneira aims to enhance efficiency and sustainability in water management while converting previously unprofitable land into productive assets. The fallowing program aligns with efforts to mitigate water shortages in the Lower Colorado River Basin.

Limoneira Company (Nasdaq: LMNR) announced that CEO Harold Edwards and CFO Mark Palamountain will present at the Stifel 2022 Cross Sector Insight Conference in Boston, MA, from June 7-9, 2022. Their investor presentation is scheduled for June 8, 2022, at 8:35 am ET, and will be available for live webcast and later archived on their website. Limoneira, based in Santa Paula, California, is a leading agribusiness with a focus on sustainability, operating over 15,400 acres across California, Arizona, Chile, and Argentina.

Limoneira Company (NASDAQ: LMNR) announced it will release its Q2 financial results on June 7, 2022, after market close. A conference call will be held the same day at 1:30 PM PT to discuss these results. Investors can join via phone or through a live webcast available on the company's website, which will be archived for 30 days.

Founded 129 years ago, Limoneira is a leading agribusiness in citrus production and operates across California, Arizona, Chile, and Argentina, managing over 15,400 acres of agricultural land.

On March 22, 2022, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share. The dividend is payable on April 14, 2022, to stockholders of record as of April 5, 2022. This longstanding agribusiness, based in Santa Paula, California, operates across 15,400 acres in California, Arizona, Chile, and Argentina, producing lemons, avocados, and specialty citrus. Limoneira remains committed to sustainability and maintaining its status as a leading integrated agribusiness.

Limoneira Company (LMNR) reported a 3% revenue growth in Q1 FY 2022, totaling $39.3 million, driven by increased avocado sales and higher lemon volumes. Despite this, lemon pricing faced challenges due to market surplus and COVID-19 impacts. The company raised its avocado guidance from 6.0 million to 7.0 million pounds for FY 2022. Additionally, cash flow projections from its Harvest at Limoneira project increased by 19% to $95 million. However, the operating loss worsened to $9.6 million, with net loss rising to $6.6 million for the quarter.

Limoneira Company (Nasdaq: LMNR), a diversified citrus and agribusiness firm, announced participation in the 34th Annual Roth Conference from March 13-15, 2022, in Dana Point, CA. CEO Harold Edwards and CFO Mark Palamountain will engage in one-on-one and small group meetings on March 14 and 15. Founded 129 years ago, Limoneira operates across California, Arizona, Chile, and Argentina, focusing on sustainability with 15,400 acres of agricultural land. The company is a leading producer of lemons, avocados, and specialty citrus.

Limoneira Company (Nasdaq: LMNR) will announce its financial results for Q1 2022, ending January 31, on March 10, 2022, after the market close. A conference call is scheduled for the same day at 1:30 PM PT to discuss the results. Investors can participate via phone or listen to a live webcast on the company's website, which will be available for 30 days post-event. The company has a long history in agribusiness, with extensive agricultural lands and a strong focus on sustainability.

Limoneira Company (LMNR) reported a 13% revenue increase in Q4 fiscal 2021, reaching $33.5 million, driven by rising lemon prices and a doubling of brokered fruit revenue to $17.4 million. Despite global logistics challenges impacting exports, the company anticipates improved lemon carton pricing and revenue growth in FY 2022. Fresh lemon sales dropped to $7.8 million from $13.3 million YoY, largely due to shipping delays. For FY 2021, total revenue was $166.0 million versus $164.6 million in FY 2020, marking progress amid ongoing pandemic-related disruptions.