secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001342423-23-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000134242323000009/0001342423-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000134242323000009/lmnr-20230309.htm
  HTML page:      https://secwatch.observer/filing/0001342423-23-000009

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