---
schema_version: "secwatch.filing_event.v1"
accession: "0001342423-22-000037"
form_type: "8-K"
ticker: "LMNR"
cik: "0001342423"
company_name: "Limoneira CO"
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-20T23:56:59.902137+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Limoneira reports record FY2022 revenue $184.6M; net loss narrows; raises Harvest proceeds forecast to $115M

## Summary
- 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.

## SEC filing metadata
- accession: 0001342423-22-000037
- form_type: 8-K
- ticker: LMNR
- cik: 0001342423
- company_name: Limoneira CO
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342423/000134242322000037/0001342423-22-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342423/000134242322000037/lmnr-20221222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001342423-22-000037
- JSON: https://secwatch.observer/filing/0001342423-22-000037.json
- Plain text: https://secwatch.observer/filing/0001342423-22-000037.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342423/000134242322000037/0001342423-22-000037-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342423/000134242322000037/0001342423-22-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.