Limoneira reports Q3 operating loss of $1.5M; cuts fresh lemon volume guidance

Limoneira CO

2023-Q3 EPS reported $0.69 revenue$138,468,000

Revenue down 11% YoY to $52.5M; net loss per diluted share of $0.07 vs income of $0.40.
Fresh lemon volume 1.4M cartons at $17.92 avg price; avocado revenue fell to $3.5M from $12.6M.
Brokered lemons grew 76% to $8.8M; farm management revenue $5.4M from asset-lighter shift.
Fresh lemon volume guidance cut to 4.7-5.0M cartons (from 5.0-5.4M); avocado guidance reiterated.
Long-term debt reduced to $40.7M from $104.1M; net debt $30.2M after sale of Northern Properties.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Limoneira CO reported the third quarter ended July 31, 2023 results: revenue $52.5 million, net income Net loss applicable to common stock...was $1.3 million, EPS $0.07.

Period: the third quarter ended July 31, 2023
Revenue: $52.5 million
Net income: Net loss applicable to common stock...was $1.3 million
EPS: $0.07
Result: reported results

Exact text from the filing

For the third quarter of fiscal year 2023, total net revenue was $52.5 million

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Source: SEC EDGAR

accession 0001342423-23-000026

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