---
schema_version: "secwatch.filing_event.v1"
accession: "0001342423-23-000009"
form_type: "8-K"
ticker: "LMNR"
cik: "0001342423"
company_name: "Limoneira CO"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:42:52.691576+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Limoneira Q1: net income $15.5M ($0.84/diluted) on $37.9M revenue; adjusted loss $0.53/share

## Summary
- Revenue $37.9M vs $39.3M YoY; operating income $25.9M (incl $40M gain from Northern Properties sale) vs $9.6M loss prior year.
- Adjusted net loss per diluted share $0.53 vs $0.33 loss prior year; GAAP EPS $0.84 vs ($0.38) loss.
- Net debt reduced 72% from $105M to $28.9M after $98.8M net proceeds from Northern Properties sale.
- Heavy rainfall delayed avocado harvest into Q2; FY2023 volume guidance: lemons 5.0-5.4M cartons, avocados 4.0-5.0M lbs.
- Expected non-strategic asset sale proceeds raised to $180M from $150M; $130M closed in past six months.

## SEC filing metadata
- accession: 0001342423-23-000009
- form_type: 8-K
- ticker: LMNR
- cik: 0001342423
- company_name: Limoneira CO
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342423/000134242323000009/0001342423-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342423/000134242323000009/lmnr-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001342423-23-000009
- JSON: https://secwatch.observer/filing/0001342423-23-000009.json
- Plain text: https://secwatch.observer/filing/0001342423-23-000009.txt

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