secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001342423-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limoneira raises Harvest proceeds 46% to $180M; targets $45-55M EBITDA by FY2030
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- Q2 FY2024 net income $6.4M ($0.35 diluted EPS) vs. loss of $1.7M ($0.10) YoY; adjusted EPS $0.44.
- Non-GAAP adjusted EBITDA $16.6M, more than double prior-year $6.2M, driven by Harvest JV momentum.
- Harvest JV closed 554 homesites (Phase 2) and attained 550 additional entitled lots (total 2,050).
- Expected total future proceeds from Harvest raised 46% to $180M over 7 years; $18M projected in FY2024.
- Avocado volume guidance raised to 9-10M lbs (from 7-8M); plans to plant 1,000 new avocado acres by FY2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000134242324000014/0001342423-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000134242324000014/lmnr-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001342423-24-000014

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