secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001342423-24-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limoneira Q3 op income $9.0M vs loss of $1.5M; avocado guidance raised >50%
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- Q3 net revenue $63.3M (+21% YoY); operating income $9.0M vs loss $1.5M; diluted EPS $0.35 vs -$0.07.
- Avocado revenue $13.9M (+300% YoY) on 8.9M lbs at $1.57/lb; FY24 volume guidance raised to 14.5-15.5M lbs.
- Fresh lemon guidance lowered to 4.5-5.0M cartons from 5.0-5.5M due to late-season rains.
- Real estate JV completed sell-out of Phase 2 (554 units); city council approved increase to 2,050 total units; $180M projected distributions through 2030.
- Strategic alternatives exploration with Stephens Inc continues; plans to expand avocado acreage by 1,000 acres over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000134242324000025/0001342423-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000134242324000025/lmnr-20240909.htm
  HTML page:      https://secwatch.observer/filing/0001342423-24-000025

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