Double-digit Q1 revenue growth at Dole (NYSE: DOLE) as EPS eases

Rhea-AI Filing Summary

Dole plc reported mixed first-quarter 2026 results, with strong top-line growth but softer earnings. Revenue rose 11.6% to $2,342 million, driven by higher pricing and favorable currency, especially in Diversified Fresh Produce segments. Net income declined to $37.7 million and diluted EPS to $0.33, while Adjusted EBITDA slipped 4.3% to $100.3 million as higher fruit sourcing costs and prior-year asset sale gains weighed on margins.

Free cash flow from continuing operations was an outflow of $40.2 million, a substantial improvement from a $131.6 million outflow a year earlier. Net Debt was $657.1 million with Net Leverage of 1.7x as of March 31, 2026. The board declared a quarterly dividend of $0.085 per share and the company repurchased 306,570 shares for $4.6 million. Management maintained its 2026 Adjusted EBITDA target of at least $400 million, routine capex guidance of about $100 million, and reduced full-year interest expense guidance to roughly $58 million. Post quarter end, Dole received regulatory approval to sell a port in Ecuador, with completion expected before the end of the second quarter.

Positive

• Revenue growth and segment performance: Q1 2026 revenue increased 11.6% to $2,342 million, with strong contributions from Diversified Fresh Produce – EMEA and Americas & ROW and like-for-like growth of 7.0% excluding currency and portfolio changes.
• Improving cash generation and disciplined balance sheet: Free cash flow from continuing operations improved to a $40.2 million outflow from a $131.6 million outflow, while Net Debt of $657.1 million equated to a moderate Net Leverage of 1.7x.
• Guidance maintained and capital returns: Management reiterated its 2026 Adjusted EBITDA target of at least $400 million, guided routine capex of about $100 million, reduced interest expense guidance to roughly $58 million, and continued shareholder returns via a $0.085-per-share dividend and $4.6 million of buybacks.

Negative

• Margin pressure and earnings decline: Despite strong revenue growth, net income decreased to $37.7 million from $44.2 million, diluted EPS fell to $0.33 from $0.41, and Adjusted EBITDA declined 4.3% to $100.3 million, reflecting higher fruit sourcing costs and lower gains on asset sales.
• Cost headwinds and geopolitical complexity: Management highlights a more complex operating environment due to the ongoing conflict in the Middle East and anticipates increased shipping and fuel costs in Q2 2026, particularly impacting the Fresh Fruit segment.

Insights

Equity research analyst

Strong Q1 revenue and cash-flow improvement offset by margin pressure, with full-year guidance reaffirmed.

Dole delivered double-digit Q1 2026 revenue growth, with sales up 11.6% to $2,342 million, helped by pricing, volume in key businesses, and $96.2 million of favorable currency. Diversified Fresh Produce – EMEA and Americas & ROW were standouts, while Fresh Fruit faced higher sourcing costs.

Profitability softened: net income fell to $37.7 million from $44.2 million, and Adjusted EBITDA declined 4.3% to $100.3 million, reflecting higher fruit costs and tough comparisons to prior-year asset sale gains. Still, free cash flow from continuing operations improved sharply, with an outflow of $40.2 million versus $131.6 million a year earlier.

Leverage appears contained, with Net Debt at $657.1 million and Net Leverage of 1.7x. The company is returning capital via a $0.085 quarterly dividend and $4.6 million of buybacks, while maintaining a full-year 2026 Adjusted EBITDA target of at least $400 million and trimming interest expense guidance to about $58 million. Management also notes regulatory approval for an Ecuador port sale, which is expected to close by the end of Q2 2026.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Revenue: $2,342 million Net income: $37.7 million Adjusted EBITDA: $100.3 million +5 more

8 metrics

Revenue $2,342 million Three months ended March 31, 2026; up 11.6% year over year

Net income $37.7 million Three months ended March 31, 2026; down from $44.2 million

Adjusted EBITDA $100.3 million Q1 2026; 4.3% decrease from $104.8 million in Q1 2025

Diluted EPS $0.33 Q1 2026 diluted earnings per share; prior-year $0.41

Free cash flow from continuing operations -$40.2 million Q1 2026 outflow; improved from -$131.6 million a year earlier

Net Debt $657.1 million As of March 31, 2026; Net Leverage 1.7x LTM Adjusted EBITDA

Quarterly dividend per share $0.085 First quarter 2026 cash dividend declared, payable July 8, 2026

Share repurchases 306,570 shares for $4.6 million Q1 2026 buybacks at an average price of $15.13 per share

Key Terms

Adjusted EBITDA, Free cash flow from continuing operations, Net Leverage, Like-for-like basis, +1 more

5 terms

Adjusted EBITDA financial

"Adjusted EBITDA1 of $100.3 million; in line with our expectations"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Free cash flow from continuing operations financial

"Free cash flow from continuing operations was an outflow of $40.2 million"

A measure of the cash a company’s ongoing core business actually produces after paying its operating bills and replacing or maintaining the equipment and property needed to keep running, excluding any cash tied to businesses it has sold or shut down. Investors use it to judge how much real, reusable cash the company has to pay debts, buy back stock, pay dividends or invest in growth — like the money left in a household account after bills and necessary repairs.

Net Leverage financial

"Net Debt and Net Leverage as of March 31, 2026 was $657.1 million and 1.7x"

Net leverage measures how many years it would take for a company to pay off its outstanding debt using its annual operating cash flow, after subtracting cash on hand from total debt. Think of it like a household’s mortgage balance minus savings divided by yearly income; a lower number means the company is in a safer position to handle debt, while a higher number signals greater financial risk and potential pressure on profits or growth.

Like-for-like basis financial

"On a like-for-like basis2, revenue increased 7.0%, or $146.6 million"

Like-for-like basis measures performance by comparing the same set of assets, stores or operations across periods while excluding changes such as acquisitions, disposals, or new openings and closures. Investors use it to reveal underlying growth or decline without one-time or structural changes skewing results—like comparing the temperature of the same room month to month rather than averaging in a new room—to assess true operational momentum.

non-GAAP financial measures financial

"we also present Dole plc’s Adjusted EBIT, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, Free Cash Flow from Continuing Operations, Net Debt and Net Leverage, which are supplemental measures of financial performance that are not required by, or presented in accordance with, U.S. GAAP"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

Earnings Snapshot

Revenue: $2,342 million · Guidance included

Q1 2026

Revenue $2,342 million +11.6% YoY

Net income $37.7 million down from $44.2 million prior year

Adjusted EBITDA $100.3 million -4.3% YoY

Diluted EPS $0.33 down from $0.41 prior year

Free cash flow from continuing operations -$40.2 million improved from -$131.6 million prior year

Guidance

Management targets full-year 2026 Adjusted EBITDA of at least $400 million, routine capex of approximately $100 million, and expects full-year interest expense of about $58 million.

Understanding 8-K Material Events →

0001857475FALSE00018574752026-05-112026-05-11

6

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 11, 2026

Dole plc

(Exact Name of Registrant as Specified in Charter)

Ireland

001-40695

98-1610692

(State or other jurisdiction            of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

29 North Anne Street, Dublin 7

D07 PH36 Ireland

101 South Tryon St, Suite 600, Charlotte, NC

United States 28280

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: 353-1-887-2600

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol (s)

Name of each exchange on which registered

Ordinary Shares, $0.01 Par Value Per Share

DOLE

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐

Item 2.02. Results of Operations and Financial Condition.

On May 11, 2026, Dole plc (the "Company") issued a press release disclosing its financial results for the three months ended March 31, 2026. A copy of the press release is attached to this Current Form on 8-K as Exhibit 99.1.

Item 7.01. Regulation FD Disclosure.

At 08:00 a.m. Eastern Time on May 11, 2026, the Company will host a conference call and simultaneous webcast to discuss its financial results for the three months ended March 31, 2026. An archived replay of the webcast and the investor presentation used during the webcast will be available shortly after the live event has concluded in the Investors section of the Company's website, www.doleplc.com/investors.

The information being furnished pursuant to Item 2.02, including Exhibit 99.1, and Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liability of that section, and shall not be incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
99.1						Dole plc Press Release issued May 11, 2026 – Dole plc Reports First Quarter 2026 Financial Results
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

DOLE PLC

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 11, 2026									DOLE PLC (Registrant)
									By: /s/ Jacinta Devine
									Name: Jacinta Devine
									Title: Chief Financial Officer

Exhibit 99.1

Dole plc Reports First Quarter 2026 Financial Results

DUBLIN – May 11, 2026 - Dole plc (NYSE: DOLE) ("Dole" or the "Group" or the "Company") today released its financial results for the three months ended March 31, 2026.

First Quarter Highlights:

•Solid start to the year: 11.6% revenue growth reflecting positive momentum across the Group

•Robust consumer demand across our key markets, supported by evolving dietary preferences, GLP-1 adoption, and broader health and wellness trends

•Strong performance in Diversified Fresh Produce - Americas & ROW and growth in Diversified Fresh Produce - EMEA partially offsetting lower result in Fresh Fruit

•Net Income of $37.7 million and Diluted EPS of $0.33

•Adjusted EBITDA1 of $100.3 million; in line with our expectations

•Adjusted Net Income1 of $31.2 million and Adjusted Diluted EPS1 of $0.33

•Post quarter end, regulatory approval received for sale of port in Ecuador; completion expected before end of second quarter

Financial Highlights

						Three Months Ended
						March 31, 2026						March 31, 2025
						(U.S. Dollars in millions, except per share amounts) (Unaudited)
Revenue						2,342						2,099
Net Income						37.7						44.2
Net Income attributable to Dole plc						31.3						38.9
Diluted EPS						0.33						0.41
Adjusted EBITDA1						100.3						104.8
Adjusted Net Income1						31.2						33.1
Adjusted Diluted EPS1						0.33						0.35

Commenting on the results, Carl McCann, Executive Chairman, said:

“We are pleased with our solid start to the year. Robust consumer demand in our key markets is driving revenue growth and contributing to positive momentum across the Group.

While we are experiencing complexity in the operating environment due to the ongoing conflict in the Middle East, we believe the strength of our broad and resilient business model positions us well to manage these evolving conditions.

We continue to target full year Adjusted EBITDA of at least $400 million.”

Group Results - First Quarter

Revenue increased 11.6%, or $242.8 million, primarily due to positive operational performance across all segments, mainly due to higher worldwide pricing in Fresh Fruit, and a favorable impact from foreign currency translation of $96.2 million. On a like-for-like basis2, revenue increased 7.0%, or $146.6 million.

Gross Profit increased $2.8 million, primarily due to higher revenue, partially offset by higher cost of sales which were impacted by higher fruit sourcing costs in the Fresh Fruit segment.

Operating Income decreased $5.9 million primarily due to higher SMG&A expenses and higher gains on asset sales in the prior year following the sale of land in Hawaii.

1

Net Income decreased to $37.7 million from $44.2 million in the prior year. This decrease was due to lower Operating Income, higher tax charges and lower equity method earnings, as the prior year included the benefit of a non-cash gain of $6.9 million on a M&A transaction relating to an equity method investment. These decreases were partially offset by an increase in other income due primarily to fair value adjustments of financial instruments and lower interest expense.

Adjusted EBITDA decreased 4.3%, or $4.5 million, primarily driven by higher fruit sourcing costs in the Fresh Fruit segment, partially offset by good performance in the Diversified Fresh Produce - Americas & ROW segment, as well as a favorable impact of foreign currency translation of $3.2 million.

Adjusted Net Income decreased 5.8%, or $1.9 million, predominantly due to the decrease in Adjusted EBITDA noted above and higher depreciation expense, partially offset by lower interest expense. Adjusted Diluted EPS for the three months ended March 31, 2026 was $0.33 compared to $0.35 in the prior year.

Selected Segmental Financial Information

			Three Months Ended
			March 31, 2026												March 31, 2025
			(U.S. Dollars in thousands) (unaudited)
			Revenue						Adjusted EBITDA1						Revenue						Adjusted EBITDA1
Fresh Fruit			$	937,660					$	52,553					$	878,145					$	63,331
Diversified Fresh Produce - EMEA			1,022,324						29,965						892,087						27,660
Diversified Fresh Produce - Americas & ROW			420,011						17,794						363,413						13,831
Intersegment			(37,820)						—						(34,241)						—
Total			$	2,342,175					$	100,312					$	2,099,404					$	104,822

First Quarter Segmental Commentary

Fresh Fruit

Revenue increased 6.8%, or $59.5 million, primarily due to higher worldwide pricing of bananas, pineapples and plantains and higher volumes of bananas sold in Europe.

Adjusted EBITDA decreased 17.0%, or $10.8 million, primarily driven by higher fruit costs in bananas due to higher overall sourcing costs in the market and higher fruit sourcing costs in pineapples, particularly due to the strengthening of the Costa Rican Colón against the U.S. Dollar.

Diversified Fresh Produce – EMEA

Revenue increased 14.6%, or $130.2 million, primarily due to a favorable impact from foreign currency translation of $94.6 million, as a result of the strengthening of the Swedish krona, Euro and British pound against the U.S. Dollar, as well as underlying growth in France and Germany. On a like-for-like basis, revenue increased 4.0%, or $35.7 million.

Adjusted EBITDA increased 8.3%, or $2.3 million, primarily due to a favorable impact from foreign currency translation of $3.7 million, as well as strong performance in Scandinavia and Germany. These increases were partially offset by weaker performance in South Africa, the U.K. and the Netherlands. On a like-for-like basis, Adjusted EBITDA decreased 5.1%, or $1.4 million.

Diversified Fresh Produce – Americas & ROW

Revenue increased 15.6%, or $56.6 million, primarily driven by higher volumes and positive pricing in our southern hemisphere export business, as well as higher volumes in our North America import and marketing businesses, offsetting lower pricing, primarily in avocados.

2

Adjusted EBITDA increased 28.7%, or $4.0 million, driven by a positive impact in our southern hemisphere export business, a good performance in our North America import and marketing businesses, in part supported by the benefit of a partial restructuring of our operations in the fourth quarter of 2025, as well as good performance in our joint ventures operations.

Capital Expenditures

Cash capital expenditures from continuing operations for the three months ended March 31, 2026 were $17.8 million. Expenditures included farming investments, investments in warehouse ripening rooms in France and the U.K., as well as other machinery and equipment related to blueberry and avocado packing in Europe.

Free Cash Flow from Continuing Operations, Net Debt and Net Leverage

Free cash flow from continuing operations was an outflow of $40.2 million for the three months ended March 31, 2026, compared to an outflow of $131.6 million in the prior year. The improvement in free cash flow was due to lower seasonal working capital outflows and lower capital expenditures in the current year. Net Debt and Net Leverage as of March 31, 2026 was $657.1 million and 1.7x, respectively.

Dividend

On May 8, 2026, the Board of Directors of Dole plc declared a cash dividend for the first quarter of 2026 of $0.085 per share, payable on July 8, 2026 to shareholders of record on June 17, 2026. A cash dividend of $0.085 per share was paid on April 8, 2026 for the fourth quarter of 2025.

Share Repurchase Program

During the quarter, we repurchased 306,570 shares at an average price of $15.13 per share, totaling $4.6 million. $95.4 million remained available for repurchase under the share repurchase program.

Outlook for Fiscal Year 2026 (forward-looking statement)

We are pleased with the solid start to the year and the positive momentum we are seeing across our operations.

Conditions in the Middle East continue to evolve, resulting in a more complex operating environment and directly impacting on our cost base. We anticipate increased shipping and fuel costs in the second quarter, particularly in our Fresh Fruit segment. However, as the year progresses, we expect to see the benefit of contract price adjustments, as well as the benefit of our dynamic pricing strategy in our diversified divisions, coming through.

We believe that our resilient and diversified business model positions us well to handle today's complex environment. Alongside this, demand for our products remains strong, supported by prevailing health and wellness trends. We also anticipate positive returns from our recent investments and remain committed to advancing our development pipeline.

Considering all relevant factors, we are maintaining our target of a full-year Adjusted EBITDA of at least $400 million for 2026.

We are maintaining our guidance for routine capex of approximately $100 million. In addition, we continue to explore a range of development opportunities which, if executed, will strengthen our business and continue to drive further growth in the years to come.

We are reducing our full year interest expense guidance by $2 million to approximately $58 million.

Footnote Index

1.Refer to the Appendix of this release for an explanation and reconciliation of non-GAAP financial measures used in this release to comparable GAAP financial measures.

2.Like-for-like basis refers to the measure excluding the impact of foreign currency translation movements and acquisition and divestitures. Refer to the Appendix and "Supplementary Reconciliation of Prior Year Segment

3

Results to Current Year Segment Results" for further detail on these impacts and the calculation of like-for-like basis variances

About Dole plc

A global leader in fresh produce, Dole plc produces, markets, and distributes an extensive variety of fresh fruits and vegetables sourced locally and from around the world. Dedicated and passionate in exceeding our customers’ requirements in over 85 countries, our goal is to make the world a healthier and a more sustainable place.

Webcast and Conference Call Information

Dole plc will host a conference call and simultaneous webcast at 08:00 a.m. Eastern Time today to discuss the first quarter 2026 financial results. The webcast can be accessed at www.doleplc.com/investor-relations or directly at

https://events.q4inc.com/attendee/539437681.

Forward-looking information

Certain statements made in this press release that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on management’s beliefs, assumptions, and expectations of our future economic performance, considering the information currently available to management. These statements are not statements of historical fact. The words “believe,” “may,” “could,” “will,” “should,” “would,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,” “strive,” “target” or similar words, or the negative of these words, identify forward-looking statements. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates, or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Accordingly, there are, or will be, important factors that could cause our actual results to differ materially from those indicated in these statements. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. We caution that you should not place undue reliance on any of our forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made except as required by the federal securities laws.

Investor Contact:

James O'Regan, Head of Investor Relations, Dole plc

james.oregan@doleplc.com

+353 1 887 2794

Media Contact:

Brian Bell, Ogilvy

brian.bell@ogilvy.com

+353 87 2436 130

4

Appendix

Condensed Consolidated Statements of Operations - Unaudited

			Three Months Ended
			March 31, 2026						March 31, 2025
			(U.S. Dollars and shares in thousands, except per share amounts)
Revenues, net			$	2,342,175					$	2,099,404
Cost of sales			(2,157,182)						(1,917,211)
Gross profit			184,993						182,193
Selling, marketing, general and administrative expenses			(123,780)						(118,412)
Gain on disposal of businesses			1,192						361
Gain on asset sales			667						3,801
Impairment and asset write-downs of property, plant and equipment and lease assets			(1,112)						(38)
Operating income			61,960						67,905
Other income (expense), net			4,538						(348)
Interest income			4,205						3,040
Interest expense			(12,586)						(17,182)
Income from continuing operations before income taxes and equity earnings			58,117						53,415
Income tax expense			(21,982)						(17,578)
Equity method earnings			1,600						8,292
Income from continuing operations			37,735						44,129
Income from discontinued operations, net of income taxes			—						30
Net income			37,735						44,159
Income attributable to noncontrolling interests			(6,438)						(5,247)
Net income attributable to Dole plc			$	31,297					$	38,912
Income per share - basic:
Continuing operations			$	0.33					$	0.41
Discontinued operations			—						—
Net income per share attributable to Dole plc - basic			$	0.33					$	0.41
Income per share - diluted:
Continuing operations			$	0.33					$	0.41
Discontinued operations			—						—
Net income per share attributable to Dole plc - diluted			$	0.33					$	0.41
Weighted-average shares:
Basic			95,168						95,109
Diluted			95,758						95,677

5

Condensed Consolidated Balance Sheets - Unaudited

			March 31, 2026						December 31, 2025
ASSETS			(U.S. Dollars and shares in thousands)
Cash and cash equivalents			$	273,168					$	267,854
Short-term investments			6,721						6,418
Trade receivables, net of allowances for credit losses of $21,028 and $20,558, respectively			592,602						539,840
Grower advance receivables, net of allowances of $36,715 and $37,915, respectively			122,957						143,426
Other receivables, net of allowances of $17,131 and $17,027, respectively			130,483						121,355
Inventories, net of allowances of $3,506 and $3,659, respectively			490,825						509,260
Prepaid expenses			77,960						70,007
Other current assets			16,598						17,891
Assets held for sale			78,506						75,689
Total current assets			1,789,820						1,751,740
Long-term investments			13,330						13,827
Investments in unconsolidated affiliates			140,788						142,082
Actively marketed property			53,231						53,231
Property, plant and equipment, net of accumulated depreciation of $619,739 and $619,706, respectively			1,057,452						1,081,656
Operating lease right-of-use assets			404,388						371,366
Goodwill			431,329						434,345
DOLE® brand			306,280						306,280
Other intangible assets, net of accumulated amortization of $133,304 and $133,022, respectively			17,371						18,997
Other assets			142,018						133,931
Deferred tax assets, net			93,059						88,669
Total assets			$	4,449,066					$	4,396,124
LIABILITIES AND EQUITY
Accounts payable			$	702,770					$	712,483
Income taxes payable			27,191						21,805
Accrued liabilities			477,705						517,989
Bank overdrafts			12,696						9,611
Current portion of long-term debt, net			40,633						57,668
Current maturities of operating leases			78,501						71,379
Payroll and other tax			37,256						36,320
Contingent consideration			3,734						3,252
Pension and other postretirement benefits			18,552						18,699
Liabilities held for sale			16,331						14,047
Dividends payable and other current liabilities			16,064						31,228
Total current liabilities			1,431,433						1,494,481
Long-term debt, net			870,176						799,814
Operating leases, less current maturities			331,951						306,566
Deferred tax liabilities, net			94,770						90,100
Contingent consideration, less current portion			889						500
Pension and other postretirement benefits, less current portion			133,010						135,900
Other long-term liabilities			67,956						66,990
Total liabilities			$	2,930,185					$	2,894,351
Redeemable noncontrolling interests			31,917						29,716
Stockholders’ equity:
Common stock — $0.01 par value; 300,000 shares authorized; 95,158 and 95,163 shares outstanding as of March 31, 2026 and December 31, 2025, respectively			955						952
Additional paid-in capital			798,607						804,247
Retained earnings			699,467						676,371
Accumulated other comprehensive loss			(122,992)						(117,467)
Total equity attributable to Dole plc			1,376,037						1,364,103
Equity attributable to noncontrolling interests			110,927						107,954
Total equity			1,486,964						1,472,057
Total liabilities, redeemable noncontrolling interests and equity			$	4,449,066					$	4,396,124

6

Condensed Consolidated Statements of Cash Flows - Unaudited

			Three Months Ended
			March 31, 2026						March 31, 2025
Operating Activities			(U.S. Dollars in thousands)
Net income			$	37,735					$	44,159
Income from discontinued operations, net of taxes			—						(30)
Income from continuing operations			37,735						44,129
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities - continuing operations:
Depreciation and amortization			28,068						26,544
Impairment and asset write-downs of property, plant and equipment and lease assets			1,112						38
Net gain on sale of assets			(667)						(3,801)
Net gain on sale of businesses			(1,192)						(361)
Net (gain) loss on financial instruments			(6,128)						4,822
Stock-based compensation expense			1,538						1,447
Equity method earnings			(1,600)						(8,292)
Amortization of debt discounts and debt issuance costs			786						1,290
Deferred tax benefit			(1,269)						(516)
Pension and other postretirement benefit plan cost			2,142						1,364
Dividends received from equity method investments			2,114						197
Gain on insurance proceeds			—						(1,407)
Other			10						(1,365)
Changes in operating assets and liabilities:
Receivables, net of allowances			(43,266)						(144,356)
Inventories			16,539						1,420
Prepaids, other current assets and other assets			(16,664)						(1,745)
Accounts payable, accrued liabilities and other liabilities			(41,725)						1,803
Net cash used in operating activities - continuing operations			(22,467)						(78,789)
Investing activities
Sales of assets			1,644						4,824
Capital expenditures			(17,758)						(52,836)
Proceeds from sale of businesses, net of transaction costs and cash transferred			4,968						361
Insurance proceeds			—						15,826
Net sales of unconsolidated affiliates			223						—
Other			85						(13)
Net cash used in investing activities - continuing operations			(10,838)						(31,838)
Financing activities
Proceeds from borrowings and overdrafts			462,060						312,077
Repayments on borrowings and overdrafts			(403,176)						(248,815)
Dividends paid to shareholders			(8,599)						(7,765)
Dividends paid to noncontrolling interests			(2,042)						(2,192)
Repurchases of Ordinary shares			(4,644)						—
Tax payments for net settlement of share-based payments			(3,116)						—
Payment of contingent consideration			—						(38)
Net cash provided by financing activities - continuing operations			40,483						53,267
Effect of foreign exchange rate changes on cash			(1,864)						5,954
Net cash used in operating activities - discontinued operations			—						(22,054)
Net cash used in investing activities - discontinued operations			—						(1,737)
Cash used in discontinued operations, net			—						(23,791)
Increase (decrease) in cash and cash equivalents			5,314						(75,197)
Cash and cash equivalents at beginning of period, including discontinued operations			267,854						331,719
Cash and cash equivalents at end of period, including discontinued operations			$	273,168					$	256,522
Supplemental cash flow information:
Income tax payments, net of refunds			$	(12,935)					$	(9,465)
Interest payments on borrowings			$	(13,736)					$	(16,657)

7

Reconciliation from Net Income to Adjusted EBITDA - Unaudited

The following information is provided to give quantitative information related to items impacting comparability. Refer to the 'Non-GAAP Financial Measures' section of this document for additional detail on each item.

			Three Months Ended
			March 31, 2026						March 31, 2025
			(U.S. Dollars in thousands)
Net income (Reported GAAP)			$	37,735					$	44,159
Income from discontinued operations, net of income taxes			—						(30)
Income from continuing operations (Reported GAAP)			37,735						44,129
Income tax expense			21,982						17,578
Interest expense			12,586						17,182
Mark to market (gains) losses			(4,125)						5,916
Gain on asset sales			(47)						(2,441)
Gain on disposal of businesses			(1,192)						(361)
Impairment of property, plant and equipment and lease assets			912						—
Other items1			(12)						94
Adjustments from equity method investments			1,755						(5,712)
Adjusted EBIT (Non-GAAP)			69,594						76,385
Depreciation			26,527						24,813
Amortization of intangible assets			1,541						1,731
Depreciation and amortization adjustments from equity method investments			2,650						1,893
Adjusted EBITDA (Non-GAAP)			$	100,312					$	104,822

1 For the three months ended March 31, 2026, other items is primarily comprised of $0.9 million of interest income on deferred transaction consideration, partially offset by $0.9 million of acquisition and transaction costs. For the three months ended March 31, 2025, other items is primarily comprised of $0.1 million of costs for legal matters.

8

Reconciliation from Net Income attributable to Dole plc to Adjusted Net Income - Unaudited

The following information is provided to give quantitative information related to items impacting comparability. Refer to the 'Non-GAAP Financial Measures' section of this document for additional detail on each item. Refer to the following pages for supplementary reconciliations on these items.

			Three Months Ended
			March 31, 2026						March 31, 2025
			(U.S. Dollars and shares in thousands, except per share amounts)
Net income attributable to Dole plc (Reported GAAP)			$	31,297					$	38,912
Income from discontinued operations, net of income taxes			—						(30)
Income from continuing operations attributable to Dole plc			31,297						38,882
Adjustments:
Amortization of intangible assets			1,541						1,731
Mark to market (gains) losses			(4,125)						5,916
Gain on asset sales			(47)						(2,441)
Gain on disposal of businesses			(1,192)						(361)
Impairment of property, plant and equipment and lease assets			912						—
Other items2			900						94
Adjustments from equity method investments			64						(7,444)
Income tax on items above and discrete tax items			2,178						(1,941)
NCI impact of items above			(354)						(1,360)
Adjusted Net Income for Adjusted EPS calculation (Non-GAAP)			$	31,174					$	33,076
Adjusted earnings per share – basic (Non-GAAP)			$	0.33					$	0.35
Adjusted earnings per share – diluted (Non-GAAP)			$	0.33					$	0.35
Weighted average shares outstanding – basic			95,168						95,109
Weighted average shares outstanding – diluted			95,758						95,677

2 For the three months ended March 31, 2026, other items is primarily comprised of $0.9 million of acquisition and transaction costs. For the three months ended March 31, 2025, other items is primarily comprised of $0.1 million of costs for legal matters.

9

Supplemental Reconciliation from Net Income attributable to Dole plc to Adjusted Net Income - Unaudited

The following information is provided to give quantitative information related to items impacting comparability. Refer to the 'Non-GAAP Financial Measures' section of this document for additional detail on each item.

			Three Months Ended March 31, 2026 (U.S. Dollars in thousands)
			Revenues, net			Cost of sales			Gross profit			Gross Margin %			Selling, marketing, general and administrative expenses			Other operating items3			Operating Income
Reported (GAAP)			$	2,342,175		(2,157,182)			184,993			7.9		%	(123,780)			747			$	61,960
Income from discontinued operations, net of income taxes			—			—			—						—			—			—
Amortization of intangible assets			—			—			—						1,541			—			1,541
Mark to market (gains) losses			—			191			191						—			—			191
Gain on asset sales			—			—			—						—			(47)			(47)
Gain on disposal of businesses			—			—			—						—			(1,192)			(1,192)
Impairment of property, plant and equipment and lease assets			—			—			—						—			912			912
Other items			—			—			—						25			—			25
Adjustments from equity method investments			—			—			—						—			—			—
Income tax on items above and discrete tax items			—			—			—						—			—			—
NCI impact of items above			—			—			—						—			—			—
Adjusted (Non-GAAP)			$	2,342,175		(2,156,991)			185,184			7.9		%	(122,214)			420			$	63,390

			Three Months Ended March 31, 2025 (U.S. Dollars in thousands)
			Revenues, net			Cost of sales			Gross profit			Gross Margin %			Selling, marketing, general and administrative expenses			Other operating items4			Operating Income
Reported (GAAP)			$	2,099,404		(1,917,211)			182,193			8.7		%	(118,412)			4,124			$	67,905
Income from discontinued operations, net of income taxes			—			—			—						—			—			—
Amortization of intangible assets			—			—			—						1,731			—			1,731
Mark to market (gains) losses			—			200			200						—			—			200
Gain on asset sales			—			—			—						—			(2,441)			(2,441)
Gain on disposal of businesses			—			—			—						—			(361)			(361)
Other items			—			—			—						94			—			94
Adjustments from equity method investments			—			—			—						—			—			—
Income tax on items above and discrete tax items			—			—			—						—			—			—
NCI impact of items above			—			—			—						—			—			—
Adjusted (Non-GAAP)			$	2,099,404		(1,917,011)			182,393			8.7		%	(116,587)			1,322			$	67,128

3 Other operating items for the three months ended March 31, 2026 is comprised of a $1.2 million gain on disposal of businesses and a $0.7 million gain on asset sales, offset partially by $0.9 million of impairment charges and asset write-downs of property, plant and equipment and lease assets, as reported on the Dole plc GAAP Condensed Consolidated Statements of Operations.

4 Other operating items for the three months ended March 31, 2025 is comprised of a $0.4 million gain on disposal of businesses and a $3.8 million gain on asset sales, offset partially by other immaterial activity, as reported on the Dole plc GAAP Condensed Consolidated Statements of Operations.

10

			Three Months Ended March 31, 2026 (U.S. Dollars in thousands)
			Other income (expense), net			Interest income			Interest expense			Income tax expense			Equity method earnings			Income from continuing operations			Income from discontinued operations, net of income taxes
Reported (GAAP)			$	4,538		4,205			(12,586)			(21,982)			1,600			37,735			—
Income from discontinued operations, net of income taxes			—			—			—			—			—			—			—
Amortization of intangible assets			—			—			—			—			—			1,541			—
Mark to market (gains) losses			(4,316)			—			—			—			—			(4,125)			—
Gain on asset sales			—			—			—			—			—			(47)			—
Gain on disposal of businesses			—			—			—			—			—			(1,192)			—
Impairment of property, plant and equipment and lease assets			—			—			—			—			—			912			—
Other items			875			—			—			—			—			900			—
Adjustments from equity method investments			—			—			—			—			64			64			—
Income tax on items above and discrete tax items			—			—			—			2,194			(16)			2,178			—
NCI impact of items above			—			—			—			—			—			—			—
Adjusted (Non-GAAP)			$	1,097		4,205			(12,586)			(19,788)			1,648			37,966			$	—

			Three Months Ended March 31, 2025 (U.S. Dollars in thousands)
			Other income (expense), net			Interest income			Interest expense			Income tax expense			Equity method earnings			Income from continuing operations			Income from discontinued operations, net of income taxes
Reported (GAAP)			$	(348)		3,040			(17,182)			(17,578)			8,292			44,129			30
Income from discontinued operations, net of income taxes			—			—			—			—			—			—			(30)
Amortization of intangible assets			—			—			—			—			—			1,731			—
Mark to market (gains) losses			5,716			—			—			—			—			5,916			—
Gain on asset sales			—			—			—			—			—			(2,441)			—
Gain on disposal of businesses			—			—			—			—			—			(361)			—
Other items			—			—			—			—			—			94			—
Adjustments from equity method investments			—			—			—			—			(7,444)			(7,444)			—
Income tax on items above and discrete tax items			—			—			—			(1,869)			(72)			(1,941)			—
NCI impact of items above			—			—			—			—			—			—			—
Adjusted (Non-GAAP)			$	5,368		3,040			(17,182)			(19,447)			776			39,683			$	—

11

			Three Months Ended March 31, 2026 (U.S. Dollars and shares in thousands, except per share amounts)
															Net income			Net income attributable to noncontrolling interests			Net income attributable to Dole plc			Diluted net income per share
Reported (GAAP)			$	37,735		$	(6,438)		$	31,297		$	0.33
Income from discontinued operations, net of income taxes			—			—			—
Amortization of intangible assets			1,541			—			1,541
Mark to market (gains) losses			(4,125)			—			(4,125)
Gain on asset sales			(47)			—			(47)
Gain on disposal of businesses			(1,192)			—			(1,192)
Impairment of property, plant and equipment and lease assets			912			—			912
Other items			900			—			900
Adjustments from equity method investments			64			—			64
Income tax on items above and discrete tax items			2,178			—			2,178
NCI impact of items above			—			(354)			(354)
Adjusted (Non-GAAP)			$	37,966		$	(6,792)		$	31,174					$	0.33
Weighted average shares outstanding – diluted									95,758

			Three Months Ended March 31, 2025 (U.S. Dollars and shares in thousands, except per share amounts)
															Net income			Net income attributable to noncontrolling interests			Net income attributable to Dole plc			Diluted net income per share
Reported (GAAP)			$	44,159		$	(5,247)		$	38,912		$	0.41
Income from discontinued operations, net of income taxes			(30)			—			(30)
Amortization of intangible assets			1,731			—			1,731
Mark to market (gains) losses			5,916			—			5,916
Gain on asset sales			(2,441)			—			(2,441)
Gain on disposal of businesses			(361)			—			(361)
Other items			94			—			94
Adjustments from equity method investments			(7,444)			—			(7,444)
Income tax on items above and discrete tax items			(1,941)			—			(1,941)
NCI impact of items above			—			(1,360)			(1,360)
Adjusted (Non-GAAP)			$	39,683		$	(6,607)		$	33,076					$	0.35
Weighted average shares outstanding – diluted									95,677

12

Supplemental Reconciliation of Prior Year Segment Results to Current Year Segment Results – Unaudited

			Revenue for the Three Months Ended
			March 31, 2025						Impact of Foreign Currency Translation						Impact of Acquisitions and Divestitures						Like-for-like Increase (Decrease)						March 31, 2026
			(U.S. Dollars in thousands)
Fresh Fruit			$	878,145					$	—					$	—					$	59,515					$	937,660
Diversified Fresh Produce - EMEA			892,087						94,584						—						35,653						1,022,324
Diversified Fresh Produce - Americas & ROW			363,413						1,601						—						54,997						420,011
Intersegment			(34,241)						—						—						(3,579)						(37,820)
Total			$	2,099,404					$	96,185					$	—					$	146,586					$	2,342,175

			Adjusted EBITDA for the Three Months Ended
			March 31, 2025						Impact of Foreign Currency Translation						Impact of Acquisitions and Divestitures						Like-for-like Increase (Decrease)						March 31, 2026
			(U.S. Dollars in thousands)
Fresh Fruit			$	63,331					$	(462)					$	—					$	(10,316)					$	52,553
Diversified Fresh Produce - EMEA			27,660						3,665						46						(1,406)						29,965
Diversified Fresh Produce - Americas & ROW			13,831						(44)						—						4,007						17,794
Total			$	104,822					$	3,159					$	46					$	(7,715)					$	100,312

13

Net Debt and Net Leverage Reconciliation – Unaudited

Net Debt is the primary measure used by management to analyze the Company’s capital structure. Net Debt is a non-GAAP financial measure, calculated as cash and cash equivalents, less current and long-term debt. It also excludes debt discounts and debt issuance costs. Net Leverage is calculated as total Net Debt divided by Last Twelve Months ("LTM") Adjusted EBITDA as of the period end. The calculation of Net Debt and Net Leverage as of March 31, 2026 is presented below. Net Debt as of March 31, 2026 was $657.1 million and Net Leverage was 1.7x.

			March 31, 2026						December 31, 2025
			(U.S. Dollars in thousands)
Cash and cash equivalents (Reported GAAP)			$	273,168					$	267,854
Debt (Reported GAAP):
Long-term debt, net			(870,176)						(799,814)
Current maturities			(40,633)						(57,668)
Bank overdrafts			(12,696)						(9,611)
Total debt, net			(923,505)						(867,093)
Add: Debt discounts and debt issuance costs (Reported GAAP)			(6,790)						(7,237)
Total gross debt			(930,295)						(874,330)
Net Debt (Non-GAAP)			$	(657,127)					$	(606,476)
LTM Adjusted EBITDA (Non-GAAP)			390,866						395,376
Net Leverage (Non-GAAP)			1.7x						1.5x
Last Twelve Months ("LTM") Adjusted EBITDA
FY'25 Adjusted EBITDA			395,376						395,376
Less: Q1'25 YTD Adjusted EBITDA			(104,822)
Plus: Q1'26 YTD Adjusted EBITDA			100,312
LTM Adjusted EBITDA			$	390,866					$	395,376

Free Cash Flow from Continuing Operations Reconciliation – Unaudited

			Three Months Ended
			March 31, 2026						March 31, 2025
			(U.S. Dollars in thousands)
Net cash provided by operating activities - continuing operations (Reported GAAP)			$	(22,467)					$	(78,789)
Less: Capital expenditures (Reported GAAP)5			(17,758)						(52,836)
Free cash flow from continuing operations (Non-GAAP)			$	(40,225)					$	(131,625)

5 Capital expenditures do not include amounts attributable to discontinued operations.

14

Non-GAAP Financial Measures

Dole plc’s results are determined in accordance with U.S. GAAP.

In addition to its results under U.S. GAAP, in this Press Release, we also present Dole plc’s Adjusted EBIT, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, Free Cash Flow from Continuing Operations, Net Debt and Net Leverage, which are supplemental measures of financial performance that are not required by, or presented in accordance with, U.S. GAAP (collectively, the "non-GAAP financial measures"). We present these non-GAAP financial measures, because we believe they assist investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. These non-GAAP financial measures have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our operating results, cash flows or any other measure prescribed by U.S. GAAP. Our presentation of non-GAAP financial measures should not be construed as an inference that our future results will be unaffected by any of the adjusted items or that any projections and estimates will be realized in their entirety or at all. In addition, adjustment items that are excluded from non-GAAP results can have a material impact on equivalent GAAP earnings, financial measures and cash flows.

Adjusted EBIT is calculated from GAAP net income by: (1) subtracting the income or adding the loss from discontinued operations, net of income taxes; (2) adding the income tax expense or subtracting the income tax benefit; (3) adding interest expense; (4) adding mark to market losses or subtracting mark to market gains related to unrealized impacts from certain derivative instruments and foreign currency denominated borrowings, realized impacts on noncash settled foreign currency denominated borrowings, net foreign currency impacts on liquidated entities and fair value movements on contingent consideration; (5) other items which are separately stated based on materiality, which during the three months ended March 31, 2026 and March 31, 2025, included subtracting the gain or adding the loss on the disposal of business interests, subtracting the gain or adding the loss on asset sales for assets held for sale and actively marketed property or sales-type leases, adding impairment charges or held for sale classification losses on property, plant and equipment and lease assets, subtracting interest income on deferred transaction consideration, adding acquisition and transaction costs and adding restructuring charges and costs for legal matters not in the ordinary course of business; and (6) the Company’s share of these items from equity method investments.

Adjusted EBITDA is calculated from GAAP net income by: (1) subtracting the income or adding the loss from discontinued operations, net of income taxes; (2) adding the income tax expense or subtracting the income tax benefit; (3) adding interest expense; (4) adding depreciation charges; (5) adding amortization charges on intangible assets; (6) adding mark to market losses or subtracting mark to market gains related to unrealized impacts from certain derivative instruments and foreign currency denominated borrowings, realized impacts on noncash settled foreign currency denominated borrowings, net foreign currency impacts on liquidated entities and fair value movements on contingent consideration; (7) other items which are separately stated based on materiality, which during the three months ended March 31, 2026 and March 31, 2025, included subtracting the gain or adding the loss on the disposal of business interests, subtracting the gain or adding the loss on asset sales for assets held for sale and actively marketed property or sales-type leases, adding impairment charges or held for sale classification losses on property, plant and equipment and lease assets, subtracting interest income on deferred transaction consideration, adding acquisition and transaction costs and adding restructuring charges and costs for legal matters not in the ordinary course of business; and (8) the Company’s share of these items from equity method investments.

Last Twelve Months ("LTM") Adjusted EBITDA is calculated as Adjusted EBITDA, as defined above, for the last twelve months as of the period end, which for the three months ended March 31, 2026, is calculated as subtracting the Adjusted EBITDA for the three months ended March 31, 2025 from the Adjusted EBITDA for the year ended December 31, 2025 and then adding Adjusted EBITDA for the three months ended March 31, 2026. LTM Adjusted EBITDA for the year ended December 31, 2025 is the same as Adjusted EBITDA for the year ended December 31, 2025.

Adjusted Net Income is calculated from GAAP net income attributable to Dole plc by: (1) subtracting the income or adding the loss from discontinued operations, net of income taxes; (2) adding amortization charges on intangible assets; (3) adding mark to market losses or subtracting mark to market gains related to unrealized impacts from certain derivative instruments and foreign currency denominated borrowings, realized impacts on noncash settled foreign currency denominated borrowings, net foreign currency impacts on liquidated entities and fair value movements on contingent consideration; (4) other items which are separately stated based on materiality, which during the three months ended March 31, 2026 and March 31, 2025, included subtracting the gain or adding the loss on the disposal of business interests, subtracting the gain or adding the loss on asset sales for assets held for sale and actively marketed property or sales-type leases, adding impairment charges or held for sale classification losses on property, plant and equipment and lease assets, adding acquisition and transaction costs and adding restructuring charges and costs for legal matters not in the ordinary course of business; (5) the Company’s share of these items from equity method investments; (6) excluding the tax effect of these items and discrete tax adjustments; and (7) excluding the effect of these items attributable to non-controlling interests.

Adjusted Earnings per Share is calculated from Adjusted Net Income divided by diluted weighted average number of shares in the applicable period.

Net Debt is a non-GAAP financial measure, calculated as GAAP cash and cash equivalents, less GAAP current and long-term debt. It also excludes GAAP unamortized debt discounts and debt issuance costs.

Net Leverage is a non-GAAP financial measure, calculated as Net Debt divided by LTM Adjusted EBITDA, both of which are defined above.

Free cash flow from continuing operations is calculated from GAAP net cash used in or provided by operating activities for continuing operations less GAAP capital expenditures.

Like-for-like basis refers to the U.S. GAAP measure or non-GAAP financial measure excluding the impact of foreign currency translation movements and acquisitions and divestitures. The impact of foreign currency translation represents an estimate of the effect of translating the results of operations denominated in a foreign currency to U.S. Dollar at prior year average rates, as compared to current year average rates.

Dole is not able to provide a reconciliation for projected FY'26 results without taking unreasonable efforts.

15

FAQ

How did Dole (DOLE) perform financially in Q1 2026?

Dole delivered solid top-line growth in Q1 2026, with revenue rising 11.6% to $2,342 million. Net income fell to $37.7 million and diluted EPS to $0.33, while Adjusted EBITDA declined 4.3% to $100.3 million amid higher fruit sourcing costs.

What were Dole’s segment results for Q1 2026?

Fresh Fruit revenue rose 6.8% to $937.7 million but Adjusted EBITDA fell to $52.6 million. Diversified Fresh Produce – EMEA revenue grew to $1,022.3 million with Adjusted EBITDA of $30.0 million, and Americas & ROW revenue increased to $420.0 million with Adjusted EBITDA of $17.8 million.

What guidance did Dole provide for full-year 2026?

Dole is maintaining its target of at least $400 million in Adjusted EBITDA for 2026 and routine capital expenditures of about $100 million. The company also reduced its full-year interest expense guidance by $2 million to approximately $58 million, reflecting its current financing outlook.

What is Dole’s cash flow and net debt position after Q1 2026?

Free cash flow from continuing operations was a $40.2 million outflow in Q1 2026, a marked improvement from a $131.6 million outflow a year earlier. Net Debt stood at $657.1 million as of March 31, 2026, implying Net Leverage of 1.7x LTM Adjusted EBITDA.

Did Dole declare a dividend or repurchase shares in Q1 2026?

The board declared a first-quarter 2026 cash dividend of $0.085 per share, payable on July 8, 2026 to shareholders of record on June 17, 2026. During the quarter, Dole also repurchased 306,570 shares at an average price of $15.13, totaling $4.6 million.

How is the conflict in the Middle East affecting Dole’s outlook?

Management notes the ongoing Middle East conflict is creating a more complex operating environment and expects higher shipping and fuel costs in Q2 2026, particularly for Fresh Fruit. Dole anticipates contract price adjustments and dynamic pricing strategies will help offset these cost pressures over the year.

What strategic actions did Dole highlight, such as asset sales or investments?

Post quarter end, Dole received regulatory approval to sell a port in Ecuador, with completion expected before end of Q2 2026. The company also invested $17.8 million in farming, ripening facilities, and packing equipment, and continues exploring development opportunities to support future growth.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 641.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 20.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 11.7 KB