---
schema_version: "secwatch.filing_event.v1"
accession: "0001342423-23-000026"
form_type: "8-K"
ticker: "LMNR"
cik: "0001342423"
company_name: "Limoneira CO"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:39:23.259369+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001342423-23-000026
- form_type: 8-K
- ticker: LMNR
- cik: 0001342423
- company_name: Limoneira CO
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342423/000134242323000026/0001342423-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342423/000134242323000026/lmnr-20230907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001342423-23-000026
- JSON: https://secwatch.observer/filing/0001342423-23-000026.json
- Plain text: https://secwatch.observer/filing/0001342423-23-000026.txt

## Key facts
- Earnings Releases
  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
  source text: For the third quarter of fiscal year 2023, total net revenue was $52.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342423/000134242323000026/0001342423-23-000026-index.htm

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