secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001342423-22-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000134242322000037/0001342423-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000134242322000037/lmnr-20221222.htm
  HTML page:      https://secwatch.observer/filing/0001342423-22-000037

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