8-K
filed December 22, 2022, 6:59 PM ET
ticker LMNR
CIK 0001342423
earnings
confidence high
sentiment positive
materiality 0.70
Limoneira reports record FY2022 revenue $184.6M; net loss narrows; raises Harvest proceeds forecast to $115M
Limoneira CO
2022-FY EPS reported
-$0.04
revenue$184,605,000
- FY2022 revenue $184.6M (+11% YoY); operating income $2.2M vs loss $6.3M; net loss per share $0.04 vs $0.23.
- Q4 revenue $39.7M (+18% YoY); operating loss improved to $1.9M from $6.5M; EPS loss $0.16 vs $0.28.
- Sold Oxnard facility for $20M and 50% interest in LLCB II for $7.9M; total asset sale proceeds $28M.
- Increased expected total proceeds from Harvest at Limoneira to $115M (up 21%), with projected distributions over 7 years.
- Long-term debt reduced to $104.1M from $130.4M; guides FY2023 fresh lemon volumes 5.0-5.4M cartons.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Limoneira CO reported the fiscal fourth quarter ended October 31, 2022 results: revenue $39.7 million, net income $2.8 million, EPS $0.16.
- Period
- the fiscal fourth quarter ended October 31, 2022
- Revenue
- $39.7 million
- Net income
- $2.8 million
- EPS
- $0.16
- Result
- reported results
Exact text from the filing
ultimately unlock even more value for our shareholders.” Fiscal Year 2022 Fourth Quarter Results For the fourth quarter of fiscal year 2022, total net revenue increased 18% to $39.7 million, compared to total net revenue of $33.5 million in the fourth quarter of the previous fiscal year. Agribusiness revenue was $38.2 million, compared to $32.3 million in the fourth
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Limoneira CO reported the fiscal year ended October 31, 2022 results: revenue $184.6 million, net income $737,000, EPS $0.04.
- Period
- the fiscal year ended October 31, 2022
- Revenue
- $184.6 million
- Net income
- $737,000
- EPS
- $0.04
- Result
- reported results
Exact text from the filing
For the fiscal year ended October 31, 2022, revenue increased to $184.6 million, compared to $166.0 million in fiscal year 2021. Operating income for fiscal year 2022 was $2.2 million, compared to operating loss of $6.3 million in the prior fiscal year. Net loss applicable to common stock was $737,000 for fiscal year 2022, compared to net loss applicable to common stock of $3.9 million for fiscal year 2021. Net loss per diluted share for fiscal year 2022 was $0.04, compared to net loss per diluted share of $0.23 for fiscal year 2021.
View on SEC.gov
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