earnings
confidence high
sentiment negative
materiality 0.75
Limoneira Q3 loss widens to $0.17/sh; sells Windfall Farms for $15M
Limoneira CO
- Q3 net revenues $43.8M vs $47.5M; net loss per diluted share $0.17 vs $0.06; adjusted EBITDA $3.9M vs $3.0M.
- Agreement to sell Windfall Farms (724 acres, Paso Robles) for $15.0M all-cash; close expected Sept 14, 2026; $13.5M aggregate impairment.
- FY2026 avocado volume guidance raised to 7.0-7.25M lbs (from 5.5-6.5M); lemon volume at lower end of 4.0-4.5M cartons.
- Nine-month net loss per share $1.91 vs $0.43; long-term debt $100.7M vs $72.5M at FY2025 end.
- Expects water monetization event in FY2026; additional $2.0M insurance proceeds expected in Q4.