secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001342423-23-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000134242323000026/0001342423-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000134242323000026/lmnr-20230907.htm
  HTML page:      https://secwatch.observer/filing/0001342423-23-000026

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