Core Insights - The global fresh produce market is highly competitive, with scale, supply-chain efficiency, and product focus being key determinants of leadership [1] - Mission Produce, Inc. and Dole plc represent two distinct strategies in capturing market share within the fruit industry [1] Mission Produce (AVO) - Mission Produce specializes in avocados, operating a vertically integrated platform that includes farming, sourcing, ripening, and distribution [2][5] - The company sold a record 691 million pounds of avocados in fiscal 2025, generating revenues of $1.39 billion, with a year-over-year volume growth of 7% [4][10] - Mission Produce is expanding its footprint in Europe and Asia, with European avocado volumes increasing by 40% in 2025, while also diversifying its portfolio with blueberries and mangoes [6] - The brand's focus on freshness and healthy consumption resonates with younger demographics, supported by digital tools for retailers [7] - Financially, Mission Produce reported an adjusted EBITDA of $41.4 million in Q4 and over $180 million in operating cash flow over the past two years, maintaining a strong balance sheet with leverage below 1X [8][9] - AVO stock rose 33.9% in the past year, outperforming Dole's 4.3% increase and the S&P 500's 24.1% return [10][20] Dole plc (DOLE) - Dole operates as a diversified produce supplier with a portfolio that includes bananas, pineapples, berries, citrus, and vegetables, generating $2.4 billion in Q4 2025 revenues [11][12] - The company benefits from a robust demand for bananas in North America and Europe, allowing it to maintain a broad consumer base [12] - Dole's integrated global sourcing and distribution network supports consistent supply to retailers and foodservice partners [13] - The company is expanding in higher-growth categories like berries and reported an adjusted EBITDA of approximately $395 million in 2025 [14][15] - Dole's valuation reflects a more diversified, value-oriented model, trading at a forward P/E multiple of 10.39X compared to AVO's 21.42X [22][25] Comparative Analysis - Mission Produce's focused avocado strategy and vertical integration support its growth narrative, while Dole's diversified portfolio and established brand provide stability [27][28] - AVO appears attractive for growth-oriented investors, while DOLE may appeal to value-focused investors, both currently holding a Zacks Rank 3 (Hold) [28]

DUBLIN--(BUSINESS WIRE)--Dole plc (NYSE: DOLE) (the "Company†) announced today that its annual report on Form 10-K, including its audited financial statements for the fiscal year ended December 31, 2025 (the "Annual Report†), filed with the U.S. Securities and Exchange Commission (the "SEC†) on March 2, 2026, can be accessed in the "Financials†section of the Company's website at www.doleplc.com/investor-relations, as well as on the SEC's website at www.sec.gov. Shareholders may request a hard copy of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________ FORM 10-K _____________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-40695 ____________________ Dole plc (Exact name of registrant as speci ...

Product launch: Dole launched Colada Royale , a conventionally bred pineapple variety developed over 15 years of R&D in Honduras. Byrne said it has been well received and has won multiple awards, including recognition as Best New Product in the fresh fruit category in a Newsweek survey.Shareholder and reporting updates: Castle & Cooke exited as a shareholder via a registered offering in September, and Dole transitioned to full U.S. domestic issuer filings , which management said could improve eligibility fo ...

综上，都乐食品2月27日股价上涨主要受稳健的全年业绩、业务结构优化举措以及行业积极情绪共同驱 动。 业绩经营情况2025财年全年营收稳健增长：公司2025财年（截至2025年12月31日）营业收入91.73亿美 元，同比增长8.23%；净利润9727.8万美元，净利率1.06%。多元化业务表现强劲：根据2025年第二季度 数据，欧洲、中东和非洲（EMEA）的多元化新鲜农产品部门营收占比45.33%，新鲜水果部门占比 40.05%，业务结构均衡。 财务状况成本控制与效率提升：公司于2025年8月完成以1.4亿美元出售新鲜蔬菜部门的交易，并授权高 达1亿美元的股份回购计划，优化资产结构并提升股东回报。现金流状况良好：2025财年第四季度自由 现金流量6706.6万美元，经营活动现金流9546.2万美元，显示运营资金管理有效。股息吸引力维持：当 前股息率2.07%，公司宣布季度股息为每股0.085美元，将于2026年1月6日支付，提供稳定收益。 行业政策与环境农产品板块整体表现：当日农产品板块上涨1.67%，行业情绪积极。管理层信心：执行 董事长卡尔·麦肯在2025年第三季度财报中表示，对全年展望充满信心，预计调整 ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for 2025 was $395 million, exceeding guidance and reflecting strong operating results [4][16] - Q4 revenue reached $2.4 billion, a 9.2% increase year-over-year, while full-year revenue increased by 8.2% to $9.2 billion [13][14] - Net income for Q4 improved to $6 million from a loss of $31.6 million in the prior year, but full-year net income decreased to $82 million from $143 million due to non-operational items [14][15] Business Line Data and Key Metrics Changes - Fresh Fruit segment delivered EBITDA of $189 million for the full year, impacted by higher sourcing costs and weather-related disruptions [9] - Diversified EMEA segment achieved an Adjusted EBITDA of $150 million, a 14% increase year-over-year, driven by strong performance in Spain and the Nordics [10] - Diversified Americas segment saw a 21% increase in full-year Adjusted EBITDA, supported by strong revenue growth in North America [11][12] Market Data and Key Metrics Changes - Demand for bananas remained robust in North America and Europe, while pineapple innovation contributed positively to the category [9] - The EMEA segment benefited from product diversification and market expansion, particularly in Spain and the Nordics [10] - The Americas segment experienced strong growth in commodities, particularly kiwis and cherries, with improved profitability from joint ventures [12] Company Strategy and Development Direction - The company successfully exited the Fresh Vegetables business, allowing for a more focused capital allocation strategy [5] - A $100 million share repurchase program was approved to enhance capital allocation [6] - The company aims to target Adjusted EBITDA of at least $400 million for 2026, focusing on cost control and operational efficiencies [24][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by elevated sourcing costs and weather-related disruptions but expressed optimism for recovery in 2026 [9][31] - The company is focused on maintaining operational momentum and executing its development pipeline while navigating macroeconomic uncertainties [24][23] - Management highlighted the importance of strategic investments and operational efficiencies to drive future growth [24][44] Other Important Information - The company transitioned to full U.S. domestic issuer filings, which is expected to improve eligibility for inclusion in U.S. equity indices [7] - A successful launch of the Calado Royale pineapple variety was noted as a significant operational development [8] Q&A Session Summary Question: Could you elaborate on the major factors in your 2026 outlook? - Management discussed the complexities of supply dynamics and the hope for improved production from Honduran farms, while acknowledging ongoing challenges with sourcing costs [26][28][30] Question: What is the expected cash flow conversion relative to EBITDA? - Management indicated a target for free cash flow conversion of 30% to 35% over the long term, with expectations for normalized cash generation in 2026 [32][34] Question: Can you provide details on the Ecuador port asset sale? - Management explained that the sale would be neutral in terms of cost and emphasized a focus on capital allocation priorities, including potential investments in automation and production [42][44] Question: What are the key milestones for index inclusion? - Management expressed confidence in qualifying for inclusion in smaller S&P indices and MSCI indices, with a focus on working towards S&P 600 inclusion [50][51]

Financial Data and Key Metrics Changes - Adjusted EBITDA for 2025 was $395 million, exceeding guidance and reflecting strong operating results [4][16] - Q4 revenue reached $2.4 billion, a 9.2% increase year-over-year, while full-year revenue increased by 8.2% to $9.2 billion [13][14] - Net income for Q4 improved to $6 million from a loss of $31.6 million in the prior year, but full-year net income decreased to $82 million from $143 million due to non-operational items [14][15] Business Line Data and Key Metrics Changes - Fresh Fruit segment delivered EBITDA of $189 million for the full year, despite challenges from higher sourcing costs and weather-related disruptions [9] - Diversified EMEA segment achieved an Adjusted EBITDA of $150 million, a 14% increase year-on-year, driven by strong performance in Spain and the Nordics [10] - Diversified Americas segment saw a 21% increase in full-year Adjusted EBITDA, supported by strong revenue growth and margin expansion [11][18] Market Data and Key Metrics Changes - The banana demand remained robust in North America and Europe, while the pineapple innovation, particularly the Dole Colada Royale, contributed positively to the market [9][10] - The EMEA segment benefited from favorable foreign exchange impacts and strong operational performance in key markets [17] Company Strategy and Development Direction - The company successfully exited the Fresh Vegetables business, allowing for a more focused capital allocation strategy [5] - A $100 million share repurchase program was approved to enhance capital allocation flexibility [6] - The company aims to target Adjusted EBITDA of at least $400 million for 2026, focusing on cost control and operational efficiencies [24][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by elevated sourcing costs and weather-related disruptions but expressed optimism for improved profitability in 2026 [9][31] - The company is focused on executing its development pipeline while maintaining a disciplined approach to capital allocation [24] Other Important Information - The company completed a $1.2 billion renewal of credit facilities, enhancing financial capacity for future growth initiatives [5] - The transition to full U.S. domestic issuer filings is expected to improve eligibility for inclusion in broader U.S. equity indices [7] Q&A Session Summary Question: Could you elaborate on the major factors in your 2026 outlook? - Management highlighted the complexity of supply dynamics and the hope for improved production from Honduran farms, while acknowledging ongoing challenges with sourcing costs [26][28] Question: What is the expected cash flow conversion relative to EBITDA? - Management indicated a target for free cash flow conversion of 30%-35% over the long term, with expectations for normalized cash generation in 2026 [32][34] Question: Can you discuss the impact of the Ecuador port asset sale on cost structure? - Management stated that the sale would be neutral from a cost perspective, with a usage agreement in place to maintain cost levels [42][43]

Financial Data and Key Metrics Changes - Adjusted EBITDA for 2025 was $395 million, exceeding guidance and reflecting strong operating results [4][16] - Q4 Adjusted EBITDA was $72.7 million, surpassing expectations, with revenue of $2.4 billion, a 9.2% increase year-over-year [13][14] - Full-year revenue increased by 8.2% to $9.2 billion, while net income for the year decreased to $82 million from $143 million due to non-operational items [14][16] Business Line Data and Key Metrics Changes - Fresh Fruit segment delivered EBITDA of $189 million for 2025, impacted by elevated sourcing costs but supported by strong banana demand [9][17] - Diversified EMEA segment achieved an Adjusted EBITDA of $150 million, a 14% increase year-on-year, driven by strong performance in Spain and the Nordics [10][11] - Diversified Americas segment saw a 21% increase in full-year Adjusted EBITDA, driven by strong revenue growth in North America [11][18] Market Data and Key Metrics Changes - The banana market remains robust in North America and Europe, with strong demand supporting pricing despite sourcing challenges [9][10] - The EMEA segment benefited from favorable foreign exchange impacts and strong underlying performance in key markets [17] - The Americas segment experienced excellent product-led growth, particularly in kiwis and citrus [11][18] Company Strategy and Development Direction - The company successfully exited the Fresh Vegetables business, allowing for a more focused capital allocation strategy [5][6] - A $100 million share repurchase program was approved to enhance capital allocation flexibility [6][22] - The company aims to target Adjusted EBITDA of at least $400 million for 2026, focusing on cost control and operational efficiencies [24][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by elevated sourcing costs and weather-related disruptions but expressed optimism for recovery in 2026 [9][29] - The company is focused on maintaining operational momentum and leveraging strategic investments to drive growth [23][24] - Management highlighted the importance of navigating macroeconomic uncertainties while targeting growth in core business areas [25][60] Other Important Information - The company completed a $1.2 billion renewal of credit facilities, enhancing financial capacity for future growth initiatives [5] - Cash capital expenditure for 2025 was $121.5 million, with a forecast of approximately $100 million for 2026 [21][20] - The company transitioned to full U.S. domestic issuer filings, which is expected to improve eligibility for inclusion in broader U.S. equity indices [6][52] Q&A Session Summary Question: Could you elaborate on the major factors in your 2026 outlook? - Management noted that while demand trends are robust, fruit sourcing costs remain a challenge, and they are engaging in constructive dialogue with customers regarding pricing [27][29] Question: What is the expected cash flow conversion relative to the $400 million EBITDA target? - Management indicated a target for free cash flow conversion of 30% to 35% over the longer term, with expectations for more normalized levels in 2026 [33][35] Question: Can you discuss the impact of the Ecuador port asset sales on cost structure and capital allocation? - Management stated that the sale would be neutral from a cost perspective and emphasized a dynamic capital allocation process focusing on growth opportunities [43][44] Question: What are the key milestones for index inclusion? - Management expressed optimism about seeking inclusion in smaller S&P indices and MSCI indices, with a focus on the S&P 600 [51][53]

Results Presentation Q4'25 and FY'25 Disclaimer Today's presentation includes forward-looking statements that reflect Dole plc's current views with respect to future events, financial performance, expected synergies and industry conditions. These statements are not statements of historical fact. The words "believe," "may," "could," "will," "should," "would," "anticipate," "estimate," "expect," "intend," "objective," "seek," "strive," "target" or similar words, or the negative of these words, identify forwar ...

Revenue and Income - Revenue for Q4 2025 was $2.4 billion, an increase of 9.2% compared to Q4 2024[4] - Full year revenue reached $9.2 billion, up 8.2% from $8.5 billion in 2024[4] - The company reported net revenue of $2,366.2 million for Q4 2025, compared to $2,167.5 million in Q4 2024, representing an increase of 9.2%[43] - For the year ended December 31, 2025, the company reported a net revenue of $9,172.9 million, with a gross profit of $714.3 million, resulting in a gross margin of 7.8%[58] - Fresh Fruit segment revenue for 2025 was $3.615 billion, up from $3.294 billion in 2024, indicating a growth of about 9.8%[63] - The Diversified Fresh Produce - EMEA segment revenue for 2025 was $4.017 billion, an increase from $3.609 billion in 2024, representing a growth of about 11.3%[63] Net Income and Earnings - Net income for Q4 2025 was $6.0 million, a significant improvement from a loss of $31.6 million in Q4 2024[6] - Adjusted net income for the year decreased to $115.0 million from $120.9 million in 2024, with adjusted diluted EPS at $1.20 compared to $1.27[12] - For the year ended December 31, 2025, net income was $81,975,000, a decrease of 42.8% from $143,419,000 in 2024[47] - Income from continuing operations for 2025 was $127,934,000, down 25.7% from $172,299,000 in 2024[47] - Reported net income for the year ended December 31, 2025, was $81.975 million, with diluted net income per share at $0.54, compared to $143.419 million and $1.31 per share in 2024[61] - Adjusted (Non-GAAP) net income for 2025 was $147.020 million, with diluted adjusted net income per share at $1.20, compared to $151.042 million and $1.27 per share in 2024[61] Cash Flow and Capital Expenditures - Free cash flow from continuing operations was $1.7 million, a decrease from $180.3 million in 2024 due to higher outflows and tax payments[29] - Capital expenditures for the year were $121.5 million, including investments in farm rehabilitation and logistics assets[27] - Capital expenditures for the year ended December 31, 2025, were $121,497,000, an increase from $82,435,000 in 2024[47] - Cash and cash equivalents at the end of the period were $267,854,000, down from $331,719,000 at the end of 2024[47] Debt and Leverage - Net debt reduced to $606.5 million from $637.1 million in 2024, with net leverage decreasing to 1.5x[30] - Net Debt as of December 31, 2025, was $606.5 million, with a Net Leverage ratio of 1.5x, down from 1.6x in 2024[64] Shareholder Returns - The Board declared a cash dividend of $0.085 per share for Q4 2025, payable on April 8, 2026[31] - The company initiated a $100 million share repurchase program and announced the sale of port assets in Ecuador for expected net proceeds of approximately $75 million[4] - The company repurchased 300,000 shares at an average price of $15.15 per share, totaling $4.5 million, with $95.5 million remaining under the share repurchase program[32] Operating Performance - Adjusted EBITDA for the full year was $395.4 million, slightly above guidance and up 0.8% from $392.2 million in 2024[4] - Adjusted EBITDA for the year ended December 31, 2025, was $395,376,000, a slight increase from $392,203,000 in 2024[49] - The gross profit for the year ended December 31, 2025, was $714.3 million, slightly down from $717.7 million in 2024[43] - The total operating expenses for 2025 were $495.5 million, compared to $474.1 million in 2024, reflecting a year-over-year increase[58] - The company reported an operating income of $222.9 million for 2025, compared to $280.6 million for 2024[58] Losses and Impairments - The company reported a net loss attributable to Dole plc of $2.7 million for Q4 2025, compared to a net loss of $39.1 million in Q4 2024[43] - The company experienced a loss from discontinued operations of $803 thousand for the three months ended December 31, 2025[57] - The company experienced a loss from discontinued operations of $45.9 million for the year ended December 31, 2025, compared to a loss of $28.880 million in 2024[61] - The company incurred impairment charges and asset write-downs of $2.9 million for the three months ended December 31, 2025, partially offset by a $1.1 million gain on asset sales[55] Future Outlook - For fiscal year 2026, the company is targeting an Adjusted EBITDA of at least $400 million[34] - The company forecasts routine capital expenditures of approximately $100 million for fiscal year 2026[35] - Interest expense for 2026 is expected to be approximately $60 million, assuming stable base rates[35]