Limoneira

Limoneira Co. is an agribusiness and real estate development company, which engages in the innovation of the agricultural citrus industry in California. It operates through the following segments: Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness. The Fresh Lemons segments focuses on the sale of fresh lemons, lemon by-products, brokered fruit and other lemon revenue. The Lemon Packing segment is involved in packing revenues and shipping and handling revenues relative to lemon packing. The Avocados segment includes sales, farming and harvest costs. The Other Agribusiness segment engages in sales, farming and harvest costs and brokered fruit costs of oranges, specialty citrus and other crops. The company was founded by Nathan W. Blanchard and Wallace L. Hardison in 1893 and is headquartered in Santa Paula, CA.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Limoneira (LMNR) reports resilient Q1 performance and strategic growth plans

Limoneira's Q1 earnings call highlighted strong financial performance, strategic initiatives to drive growth, and challenges in the competitive citrus market. The company's focus on asset monetization, debt reduction, and market expansion positions it for long-term success amidst industry challenges and opportunities.

Limoneira reports resilient Q2 performance amidst challenges and growth plans

Limoneira's Q2 performance impacted by weather and pricing challenges but showed financial resilience.
Strategic initiatives focusing on asset optimization, partnerships, and debt reduction are driving growth.
Opportunities in water rights monetization and asset sales present avenues for further financial improvement.
Challenges in overseas markets and operational setbacks require strategic adjustments for sustained growth.

Limoneira reports strong Q3 results, eyes higher lemon pricing

Limoneira's Q3 performance reflects growth in key revenue streams but challenges in pricing and production targets.
The company's focus on debt reduction, margin improvement, and asset monetization positions it for stronger financial performance.
Opportunities in higher lemon pricing, water asset monetization, and operational improvements offer avenues for future growth.
Challenges in avocado revenue, production targets, and asset divestment require strategic management to navigate effectively.

Limoneira reports solid Q4 earnings, eyes growth through asset sales

Limoneira's Q4 2023 performance reflects resilience in meeting volume guidance and revenue growth despite challenges. The company's strategic shifts towards an asset-lighter model have yielded positive results, improving financial stability and operational efficiency. While facing financial challenges, Limoneira's focus on cost management and growth opportunities positions it for long-term success.

Limoneira reports improved Q1 earnings, focuses on avocado expansion

Limoneira's Q1 fiscal year 2024 showcased improved financial performance driven by strategic initiatives and a focus on avocado production.
Despite challenges from weather impacts and financial losses, the company remains financially strong with a stable debt position.
Opportunities lie in expanding avocado plantings, increasing revenue from real estate projects, and enhancing shareholder value through strategic shifts.
Overall, Limoneira's performance reflects a balance of strengths, challenges, and opportunities in navigating the agribusiness landscape.

Limoneira doubles adjusted EBITDA in Q2 2024, focuses on avocado expansion

Limoneira's Q2 2024 performance reflects strong adjusted EBITDA growth, strategic milestones, and a shift towards avocado production for long-term profitability.
While facing challenges such as revenue declines and debt levels, the company's focus on operational efficiency and growth initiatives positions it well for future opportunities.
By leveraging opportunities like optimizing harvest timing and capitalizing on market demand, Limoneira aims to drive financial performance, EBITDA growth, and shareholder value.

Limoneira reports robust Q3 earnings, explores strategic alternatives for growth

Limoneira's Q3 2024 showcased strong financial performance driven by avocado sales and real estate development, with a focus on reducing debt and exploring strategic alternatives.
Despite potential challenges in avocado pricing, the company remains optimistic about future growth opportunities and is actively expanding its avocado production capabilities.

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Limoneira's shares have returned over 30% since December 2022 as the company transitions to an asset-light model. The company's long-term and short-term technical charts show bullish trends, backing up improved fundamentals. Limoneira aims to become a more efficient business, focusing on packing, marketing, and selling, with increased margins and stable earnings.

Limoneira: Rally Could Only Be Getting Started As We Approach Q2 Earnings

SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today it will release financial results for the second quarter ended April 30, 2023, on Tuesday, June 6, 2023, after the market close. The Company will host a conference call to discuss its financial results on June 6, 2023, at 1:30 pm Paci.

Limoneira to Announce Second Quarter 2023 Financial Results on June 6, 2023

SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today released its annual sustainability report. The report highlights Limoneira's continued progress on its environmental, social and governance (ESG) practices. The report was prepared in accordance with the United Nations Sustainable Development G.

Limoneira Publishes Annual Sustainability Report

SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling, and marketing company with related agribusiness activities and real estate development operations, today announced that it has entered into an exclusive licensing relationship with Apeel Sciences (“Apeel”). Limoneira will protect lemons across its supply chain with Apeel's coating technology. This non-GMO, edible, plant-based coating maintains mo.

Limoneira Enters into Exclusive Licensing Relationship with Food System Innovation Company Apeel Sciences to Deliver the World's Best Lemons

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Raw material and commodity price inflation, along with tight supply conditions, is expected to mar the Agriculture - Operations industry in the near term. Companies like ADM, CTVA, AGRO and LMNR look poised to gain on solid product portfolios and innovation.

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SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced that it has released a new investor presentation, which can be found on its website at www.limoneira.com.

Limoneira Releases New Investor Presentation

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Start Time: 16:30 January 1, 0000 5:23 PM ET Limoneira Company (NASDAQ:LMNR ) Q1 2023 Earnings Conference Call March 09, 2023, 16:30 PM ET Company Participants Harold Edwards - President and CEO Mark Palamountain - CFO John Mills - Managing Partner, ICR Conference Call Participants Eric Larson - Seaport Research Partners Raj Sharma - B. Riley Ben Klieve - Lake Street Capital Markets Vincent Anderson - Stifel Operator Greetings, and welcome to Limoneira's First Quarter Fiscal Year 2023 Financial Results Conference Call.

Limoneira Company (LMNR) Q1 2023 Earnings Call Transcript

SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today reported financial results for the first quarter ended January 31, 2023.

Limoneira Company Announces First Quarter Fiscal Year 2023 Financial Results

Limoneira (LMNR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Limoneira (LMNR) to Report a Decline in Earnings: What to Look Out for

SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced that Harold Edwards, the Company's Chief Executive Officer, and Mark Palamountain, the Company's Chief Financial Officer, will be participating at the 35th Annual Roth Conference, to be held March 12-14, 2023 in Dana Point, CA.

Limoneira to Participate at the 35th Annual Roth Conference

SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today it will release financial results for the first quarter ended January 31, 2023, on Thursday, March 9, 2023, after the market close.

Limoneira to Announce First Quarter 2023 Financial Results on March 9, 2023

SANTA PAULA, Calif.--( BUSINESS WIRE )--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced the closing of the sale of its Northern Properties to PGIM Agricultural Investments (“PAI”), a business unit of PGIM Real Estate Finance, LLC (“PGIM”). The property consists of 3,537 acres in Tulare County, CA, comprised of a total of 2,700 planted acres, 231 acres of plantable ground and 606 acres of open space. The Company received approximately $99 million in net cash proceeds. As part of the transaction, Limoneira and PAI entered into a Farm Management Agreement for Limoneira to provide farming services related to the property for an initial term of one year. Additionally, Limoneira and PAI entered into a Grower Packing & Marketing Agreement for Limoneira to provide packing, marketing and selling services for lemons harvested on the property for a minimum five-year period.

Limoneira Closes Sale of its Northern Properties for $100 Million

SANTA PAULA, Calif.--( BUSINESS WIRE )--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced that Harold Edwards, the Company's Chief Executive Officer, and Mark Palamountain, the Company's Chief Financial Officer, will be presenting at the 25th Annual ICR Conference, to be held January 9-11, 2023, at the JW Marriot Orlando Grande Lakes in Orlando, Florida.

Limoneira to Present at the 25th Annual ICR Conference

Limoneira Company (NASDAQ:LMNR ) Q4 2022 Earnings Conference Call December 22, 2022 4:30 PM ET Company Participants John Mills - Investor Relations Harold Edwards - President and Chief Executive Officer Mark Palamountain - Chief Financial Officer Conference Call Participants Ben Bienvenu - Stephens Eric Larson - Seaport Research Partners Ben Klieve - Lake Street Capital Markets Operator Greetings and welcome to Limoneira's Fourth Quarter Fiscal Year 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Limoneira Company (LMNR) Q4 2022 Earnings Call Transcript

SANTA PAULA, Calif.--( BUSINESS WIRE )--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today reported financial results for the fiscal fourth quarter and full year ended October 31, 2022.

Limoneira Company Announces Fiscal Fourth Quarter and Full Year 2022 Financial Results

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Earnings announcements can result in significant movement in stocks. Robust earnings could push stocks to new levels, while less-than-impressive numbers can send shares tumbling.

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Limoneira (LMNR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Limoneira (LMNR) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Limoneira (LMNR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Limoneira (LMNR) Beat Estimates Again in Its Next Earnings Report?

SANTA PAULA, Calif.--( BUSINESS WIRE )--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today it will release financial results for the fourth quarter and full fiscal year ended October 31, 2022, on Thursday, December 22, 2022, after the market close.

Limoneira to Announce Fourth Quarter and Full Fiscal Year 2022 Financial Results on December 22, 2022

SANTA PAULA, Calif.--( BUSINESS WIRE )--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced the sale of its real estate development property referred to as “Sevilla” located in Santa Maria in Santa Barbara County, CA. The transaction closed on November 30, 2022 and the Company received approximately $2.6 million in cash proceeds and recorded an immaterial loss in the fiscal first quarter of 2023.

Limoneira Closes Sale of its Sevilla Property for $2.6 Million

The mean of analysts' price targets for Limoneira (LMNR) points to a 29.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Can Limoneira (LMNR) Climb 29% to Reach the Level Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 40% in Limoneira (LMNR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

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