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.
The Board of Directors of Limoneira Company (NASDAQ: LMNR) has announced significant changes. Scott Slater takes over as Chairperson, succeeding Gordon Kimball, who is stepping down due to health reasons but will remain as a director. Amy Fukutomi resigns as a director effective August 1, 2022, to serve as Vice President of Compliance and Corporate Secretary. The board size decreases from ten to nine directors. Slater emphasizes the commitment to enhancing corporate governance and unlocking value through a strategic plan for the company’s diverse assets.
On June 28, 2022, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share. The dividend is payable on July 15, 2022, to stockholders of record on July 11, 2022. With a rich history spanning 129 years, Limoneira operates across 15,400 acres of agricultural lands in California, Arizona, Chile, and Argentina, focusing on sustainability. The company is a prominent producer of lemons, avocados, and other specialty crops, showcasing its commitment to agribusiness excellence.
Limoneira Company (NASDAQ: LMNR) announced the resignation of Board member Jesus “Chuy” Loza effective June 14, 2022. Loza is stepping down to focus on his role as CEO of Freska Produce. The Chairman of the Board, Gordon Kimball, expressed gratitude for Loza's contributions, especially during the pandemic. Limoneira is dedicated to maintaining a qualified and diverse Board to advance its strategic initiatives. The company is a significant player in the agribusiness sector, specializing in citrus production and related operations across multiple states and countries.
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
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.