Limoneira Q2 net loss $21.4M on $23.9M revenue; raises avocado guidance, executes asset sales

Limoneira CO

Q2 net loss $21.4M ($1.20 diluted loss) vs $3.5M loss ($0.20) a year ago; revenue fell to $23.9M from $35.1M.
Adjusted net loss $0.29 per share vs $0.17; adjusted EBITDA loss $1.7M vs $0.2M.
Recorded $9.3M impairment on Windfall Farms and $7.8M loss on Arizona lemon orchard disposal.
Formed Agromin 50/50 JV for 70-acre compost center; expects operational 2H FY2027.
Sold 80% interest in Paso Robles vineyard for $16M; raised avocado volume guidance to 5.5-6.5M lbs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Limoneira CO reported second quarter ended April 30, 2026 results: revenue $23.9 million. Guidance raised.

Period: second quarter ended April 30, 2026
Revenue: $23.9 million
Guidance: raised
Result: reported results

Exact text from the filing

imoneira Company Announces Second Quarter Fiscal Year 2026 Financial Results Reports Second Quarter Revenue of $23.9 Million, Exceeding Expectations Full Year Fiscal 2026 Avocado Volume Guidance Increased to 5.5 Million to 6.5 Million Pounds from Previous 5 Million to 6 Million Range Agromin Joint Venture Agreement Executed, Creating Potential High-Return Platform Expected to Generate Substantial Shared Earnings While Optimizing Underutilized Land and Conserved Water Expected Fiscal Year 2026 Monetization of Paso Robles Vineyard Asset Through $16 Million Partial Sale Agreement Water Monetization Strategy on Track for Fiscal Year 2026 SANTA PAULA, Calif.-- (BUSINESS WIRE) – June 9, 2026 -- Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified lemon and avocado growing and lemon packing company with related agribusiness activities and real estate development operat

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Source: SEC EDGAR

accession 0001342423-26-000022

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