---
schema_version: "secwatch.filing_event.v1"
accession: "0001342423-24-000005"
form_type: "8-K"
ticker: "LMNR"
cik: "0001342423"
company_name: "Limoneira CO"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:17:22.071210+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Limoneira Q1 net loss narrows on asset-lighter shift; revenue up 5% to $39.7M

## Summary
- Adjusted net loss per diluted share improved to $0.18 from $0.53; adjusted EBITDA loss narrowed 39% to $4.8M.
- Fresh lemon cartons sold 1.14M at avg $21.06/carton vs 1.31M at $18.88; brokered lemon sales grew to $2.9M.
- Company reiterates FY2024 guidance: fresh lemon volumes 5.0-5.5M cartons, avocado 7.0-8.0M lbs.
- Real estate joint venture completed Phase 1 sell-out (707 units); negotiating Phase 2, expanding total units to 2,050.
- CEO pauses sale of two non-strategic assets and abandons Chile packinghouse to focus on avocado expansion.

## SEC filing metadata
- accession: 0001342423-24-000005
- form_type: 8-K
- ticker: LMNR
- cik: 0001342423
- company_name: Limoneira CO
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342423/000134242324000005/0001342423-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342423/000134242324000005/lmnr-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001342423-24-000005
- JSON: https://secwatch.observer/filing/0001342423-24-000005.json
- Plain text: https://secwatch.observer/filing/0001342423-24-000005.txt

## Key facts
- Earnings Releases
  Limoneira CO reported the first quarter ended January 31, 2024 results: revenue $39.7 million, net income Net loss applicable to common stock, after preferred dividends, for the first quarter of fiscal year 2024 was $3.7 milli, EPS Net loss per diluted share for the first quarter of fiscal year 2024 was $0.21. Guidance reaffirmed.
  - Period: the first quarter ended January 31, 2024
  - Revenue: $39.7 million
  - Net income: Net loss applicable to common stock, after preferred dividends, for the first quarter of fiscal year 2024 was $3.7 milli
  - EPS: Net loss per diluted share for the first quarter of fiscal year 2024 was $0.21
  - Guidance: reaffirmed
  - Result: reported results
  source text: furnished within this report as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Limoneira Company Announces First Quarter Fiscal Year 2024 Financial Results Net Revenues Grew 5% to $39.7 Million in First Quarter of Fiscal Year 2024 Compared to Prior Year Strategic Shift Toward Higher Margin “Asset-Lighter” Business Model Reflected in First Quarter of Fiscal Year 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342423/000134242324000005/0001342423-24-000005-index.htm

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