secwatch.observer — SEC 8-K summary
======================================

Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001342423-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000134242323000018/0001342423-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000134242323000018/lmnr-20230606.htm
  HTML page:      https://secwatch.observer/filing/0001342423-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer