Exhibit 99.1 Background and Certain Defined Terms 1 Table of Contents Forward-Looking Statements 1 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Key Points As stock markets reach new all-time highs, it's tough to find bargains among strong companies with frothy valuations. Steady and reliable may not be enough to excite the markets, but for value investors, these treats are hidden gems in plain sight. One such gem is Dole plc NYSE: DOLE, a leading producer of fresh fruits and vegetables. Dole competes in the consumer staples sector with Fresh Del Monte Produce Inc. NYSE: FDP. Dole supplies fruits and vegetables to grocers, including Target Co. NYSE: ...

Dole Plc. (NYSE:DOLE) Q1 2024 Earnings Call Transcript May 15, 2024 8:00 AM ET Company Participants James O'Regan - Head of Investor Relations Rory Byrne - CEO & Executive Director Jacinta Devine - CFO & Director Johan Linden - COO & Director Conference Call Participants Adam Samuelson - Goldman Sachs Christopher Barnes - Deutsche Bank Gary Martin - Davy Ben Bienvenu - Stephens Christian Junquera - Bank of America Operator Welcome to the Dole Plc’s First Quarter 2024 Earnings Conference Call and Webcast. To ...

Dole (DOLE) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 38.71%. A quarter ago, it was expected that this fresh fruit and vegetable company would post earnings of $0.03 per share when it actually produced earnings of $0.16, delivering a surprise of 433.33%. Over the last four qua ...

Anticipating higher shipping costs in 2024 and continued impact from currency appreciation in key sourcing countries Revenue - $'m 2,121 1,989 Income from Continuing Operations (3) - $'m 71.5 35.0 Diluted EPS from Continuing Operations - $ 0.80 0.30 Adjusted Diluted EPS - $ 0.43 0.34 Segment Results – Continuing Operations Fresh Fruit Q1'24 REVIEW ▪ Adjusted EBITDA in line with Q1'23 Diversified Fresh Produce EMEA +10.9% YoY | --- | --- | |------------------------------------------------------------|------- ...

Table of Contents | Background and Certain Defined Terms | 1 | | --- | --- | | Forward-Looking Statements | 1 | | PART I - FINANCIAL INFORMATION | | | Item 1. Financial Statements | 1 | | Unaudited Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 | 2 | | Unaudited Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2024 and | | | March 31, 2023 | 3 | | Unaudited Condensed Consolidated Statements of Comprehensive Income for the Three Months end ...

Richard Drury/DigitalVision via Getty Images Dole PLC (NYSE:DOLE) has faced a volatile last couple of years since its 2021 IPO. The company recognized as a global leader in food categories of fresh fruit and produce has been challenged to deal with supply chain constraints, inflationary cost pressures, as well as a shifting post-pandemic consumer spending trends. The latest setback was an announcement to back away from the planned sale of its Fresh Vegetable Division on the threat the U.S. Department of Jus ...

Sustainability Initiatives - Dole reduced its Scope 1 and Scope 2 global emissions by 12% from 2020, primarily due to investments in new vessels costing approximately $50 million[320]. - Dole expects to incur additional costs related to sustainability goals, but the scope and timing of these expenditures are currently uncertain[320]. - The company has made progress in sustainability initiatives, including the installation of solar panels and wind turbines at various facilities[320]. Financial Reporting and Goodwill - As of October 1, 2023, goodwill allocated to the Fresh Fruit reporting unit was $273.3 million, with the unit's fair value approximately 4% above its carrying amount[330][333]. - The carrying amount of the DOLE brand was $306.3 million as of October 1, 2023, with its fair value exceeding the carrying amount by approximately 2%[336]. - Dole's reporting units are at risk of future impairment, particularly in the Fresh Fruit and Diversified Fresh Produce – Americas & ROW segments[333]. Regulatory and Market Conditions - The EU's greenhouse gas emissions trading scheme will require Dole to purchase allowances for 40% of its emissions in 2024, increasing to 100% by 2026[319]. - Dole's operations are influenced by international regulatory restrictions and tariffs, which can impact sales and market competition[322]. - Dole's diversified sourcing portfolio aims to mitigate supply impacts from adverse weather events, although costs from such events may be material[319]. Pension Plans and Obligations - The weighted average discount rates for Dole's U.S. pension plan obligations and net periodic benefit income were 5.10% and 5.31%, respectively, for the year ended December 31, 2023[346]. - A 25-basis point decrease in the discount rates would increase the projected benefit obligation for the U.S. pension plans by $3.2 million[346]. - The pension expense for the U.S. plan for the year ended December 31, 2023, was determined using an expected annual rate of return on plan assets of 6.80%[348]. - As of December 31, 2023, the U.S. pension plan investment portfolio was allocated approximately 23% in equity securities, 51% in fixed income securities, and 14% in real estate[348]. - The weighted average discount rate for Dole's international pension plan obligations was 5.06% for the year ended December 31, 2023[346]. - A 25-basis point decrease in the assumed discount rate for international pension plans would increase the projected benefit obligation by $6.8 million[346]. - The pension expense for international plans was determined using an expected annual rate of return of 4.36% for the year ended December 31, 2023[349]. - As of December 31, 2023, the investment portfolio of international pension plans was allocated approximately 13% in equity securities, 33% in fixed income securities, and 6% in real estate[349]. - A 25-basis point change in the expected rate of return on U.S. pension plan assets would impact net periodic benefit income by $0.5 million[348]. - A 25-basis point change in the expected rate of return on international pension plan assets would impact net periodic benefit cost by $0.5 million[349].

DUBLIN--(BUSINESS WIRE)--Dole plc (NYSE: DOLE) (“Dole”) has today announced that it has completed the previously announced sale of its 65% equity stake in Progressive Produce LLC to PTF Holdings, LLC (“PTF Holdings”), the parent company of Pacific Trellis Fruit, LLC. PTF Holdings is a portfolio company of Arable Capital Partners, LLC (“Arable”). Dole has received gross cash proceeds of $120.25 million from this sale. Additional details of the transaction can be found in a press release issued on February 27 ...

Dole plc. (NYSE:DOLE) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants James O'Regan - Head of Investor Relations Rory Byrne - CEO & Executive Director Jacinta Devine - CFO & Director Johan Linden - COO & Director Conference Call Participants Ben Bienvenu - Stephens Adam Samuelson - Goldman Sachs Christopher Barnes - Deutsche Bank Operator Hello, everyone. Welcome to the Dole plc Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast. Today's conference is b ...