---
schema_version: "secwatch.filing_event.v1"
accession: "0001342423-23-000018"
form_type: "8-K"
ticker: "LMNR"
cik: "0001342423"
company_name: "Limoneira CO"
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:26:17.721403+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Limoneira Q2 net loss $1.7M; debt slashed 70% to $31.5M; avocado guidance cut

## Summary
- Q2 net loss $1.7M ($0.10 loss per share) vs net income $1.4M ($0.08 EPS) a year ago.
- Revenue $48.1M, up 3% YoY; agribusiness revenue $46.7M.
- Net debt reduced to $31.5M from $105.0M at FY2022 end, driven by $98.4M Northern Properties sale.
- Lowered avocado volume guidance to 3.0-4.0M lbs from 4.0-5.0M lbs; lemon guidance unchanged at 5.0-5.4M cartons.
- Recorded $9.0M loss on Cadiz Ranch disposal and $6.1M net settlement from Thomas Fire litigation.

## SEC filing metadata
- accession: 0001342423-23-000018
- form_type: 8-K
- ticker: LMNR
- cik: 0001342423
- company_name: Limoneira CO
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1342423/000134242323000018/0001342423-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342423/000134242323000018/lmnr-20230606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001342423-23-000018
- JSON: https://secwatch.observer/filing/0001342423-23-000018.json
- Plain text: https://secwatch.observer/filing/0001342423-23-000018.txt

## Key facts
- Earnings Releases
  Limoneira CO reported second quarter ended April 30, 2023 results: revenue $48.1 million, EPS $0.10. Guidance reaffirmed.
  - Period: second quarter ended April 30, 2023
  - Revenue: $48.1 million
  - EPS: $0.10
  - Guidance: reaffirmed
  - Result: reported results
  source text: For the second quarter of fiscal year 2023, total net revenue was $48.1 million, compared to total net revenue of $46.8 million in the second quarter of the previous fiscal year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342423/000134242323000018/0001342423-23-000018-index.htm

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