Core Viewpoint - Limoneira Company reported a significant earnings miss with an EPS of -$0.48, which was lower than the estimated EPS of -$0.33, indicating ongoing challenges in achieving profitability [1][2][6] Financial Performance - The quarterly loss of $0.48 per share was larger than the Zacks Consensus Estimate of a $0.39 loss, marking an increase from the $0.14 loss per share reported a year ago [2] - Revenue for the quarter ended January 2026 was $18.21 million, surpassing the Zacks Consensus Estimate by 25.55%, but this represents a decline from $34.31 million in the same quarter last year [3][6] - Limoneira has managed to exceed consensus revenue estimates twice in the last four quarters, indicating some success in its revenue-generating strategies [3] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately -15.41, indicating negative earnings [4][6] - The price-to-sales ratio stands at about 1.56, suggesting that investors are paying $1.56 for every dollar of the company's sales [4] - The enterprise value to sales ratio is approximately 2.02, reflecting the company's valuation in relation to its sales [4] - Limoneira's debt-to-equity ratio is about 0.43, indicating a moderate level of debt relative to equity [5] - The current ratio is approximately 1.35, suggesting a reasonable level of liquidity to cover short-term liabilities [5] Strategic Initiatives - Despite financial challenges, Limoneira is actively pursuing strategies to increase agricultural income and monetize its land and water assets [5]

分组1 - Limoneira reported a quarterly loss of $0.48 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.39, and compared to a loss of $0.14 per share a year ago, indicating a significant decline in performance [1] - The company posted revenues of $18.21 million for the quarter ended January 2026, exceeding the Zacks Consensus Estimate by 25.55%, but down from $34.31 million in the same quarter last year [2] - Limoneira shares have increased by approximately 8.5% since the beginning of the year, contrasting with a 1% decline in the S&P 500 [3] 分组2 - The earnings outlook for Limoneira is uncertain, with current consensus EPS estimates at -$0.25 for the coming quarter and -$0.24 for the current fiscal year, alongside projected revenues of $25 million and $122.5 million respectively [7] - The Zacks Industry Rank places Agriculture - Operations in the bottom 22% of over 250 Zacks industries, suggesting that the industry outlook may negatively impact stock performance [8] - The estimate revisions trend for Limoneira was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]

Core Insights - Limoneira Company is focusing on a strategic transformation aimed at sustainable long-term value creation, as highlighted by the President and CEO Harold Edwards during the Q1 2026 earnings call [2]. Group 1: Financial Performance - The company has outlined a plan for $10 million in cost savings by 2026, which is part of its broader strategy to enhance operational efficiency [2]. Group 2: Strategic Initiatives - A significant aspect of Limoneira's strategy includes a renewed partnership with Sunkist, which is expected to play a crucial role in the company's future growth [2]. - The company is also focusing on asset monetization as a means to improve its financial position and support its strategic goals [2].

Financial Data and Key Metrics Changes - Total net revenues for Q1 FY2026 were $18.2 million, down from $34.3 million in Q1 FY2025, reflecting a strategic transition to Sunkist and exiting brokerage operations [15][16] - Agribusiness revenues decreased to $16.8 million from $32.9 million year-over-year [15] - Adjusted net loss was $8.5 million or $0.48 per diluted share, compared to an adjusted net loss of $2.5 million or $0.14 per diluted share in the prior year [20][21] - Operating loss for Q1 FY2026 was $10.6 million, compared to a loss of $5.3 million in the prior year [19] Business Line Data and Key Metrics Changes - Fresh packed lemon sales were $11.9 million, down from $21.2 million in the same period last year, with a decrease in volume sold from 1,147,000 cartons to 681,000 cartons [16][17] - No avocado revenue was recorded in Q1 FY2026, compared to $162,000 in the prior year due to harvest timing [17] - Orange revenue fell to $10,000 from $1.6 million, reflecting the sale of Chilean agricultural properties [17] Market Data and Key Metrics Changes - The average price for lemons in Q1 FY2026 was $17.41 per carton, down from $18.44 in the prior year, with prices softening to around $16 in February [40][42] - Avocado pricing is under pressure due to a large crop from Mexico, with current prices around $1.00 per pound for size 48 avocados [40] Company Strategy and Development Direction - The company is focused on a strategic transformation to create sustainable long-term value, including a partnership with Sunkist to enhance customer access and reduce pricing pressure [5][7] - Cost structure improvements are expected to generate $10 million in selling, general, and administrative savings for FY2026 [23] - Expansion of avocado production is underway, with 1,600 acres planted and an expected near 100% increase in production capacity over the next 2-4 years [8] Management's Comments on Operating Environment and Future Outlook - Management anticipates sequential improvement in financial results throughout FY2026, with the second quarter expected to show better performance than the first [11][24] - The company is optimistic about the avocado crop due to favorable weather conditions, which are expected to support strong growth in FY2027 [33][34] - The strategic initiatives are believed to position the company for improved profitability as revenue cadence normalizes in the second half of the year [23][24] Other Important Information - The company is advancing the monetization of non-strategic assets and water rights, with a focus on maximizing value from its water resources [10][48] - The real estate development project, Harvest at Limoneira, is expected to generate $155 million in proceeds over the next five fiscal years [9] Q&A Session Summary Question: On the $10 million in expected SG&A savings, how much will be visible in the first half versus the back half? - Management indicated that the savings will not be linear and will show more significant reductions in the latter half of the year [29][30] Question: Update on avocado weather conditions? - Management reported ideal weather conditions in California, with good rain and temperatures expected to accelerate fruit growth [33][34] Question: Impact of fruit pricing and weather on lemons? - Management noted that lemon pricing has softened due to market supply but expects it to improve as the season progresses [42][43] Question: Opportunities for monetization of water assets? - Management highlighted ongoing negotiations regarding Colorado River water rights and the potential for monetization in the near term [48][49]

Limoneira Company (NasdaqGS:LMNR) Q1 2026 Earnings call March 12, 2026 04:30 PM ET Company ParticipantsAdam Shepherd - Equity Research AssociateGreg Hamm - CFOHarold Edwards - President and CEOJohn Mills - Managing PartnerConference Call ParticipantsMark Smith - Senior Research AnalystOperatorGood evening, and welcome to Limoneira's first quarter 2026 financial results conference call. At this time, all participants are on a listen-only mode. A brief question-and-answer session will follow the formal presen ...

Limoneira Company (NasdaqGS:LMNR) Q1 2026 Earnings call March 12, 2026 04:30 PM ET Speaker5Good evening, and welcome to Limoneira's first quarter 2026 financial results conference call. At this time, all participants are on a listen-only mode. A brief question-and-answer session will follow the formal presentation. It is now my pleasure to introduce your host, John Mills with ICR. Thank you. You may begin.Speaker3Great. Thank you. Good afternoon, everyone, and thank you for joining us for Limoneira's first ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended January 31, 2026 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: 001-34755 LIMONEIRA COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

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Exhibit 99.1 Limoneira Company Announces First Quarter Fiscal Year 2026 Financial Results Total Costs and Expenses Decline 27% Year-Over-Year Reflecting Disciplined Execution of Operational Transformation; Tracking Toward $10 Million in Targeted Annual Selling, General and Administrative Savings Company Reiterates Avocado and Lemon Volume Guidance for Full Year Fiscal 2026 Near-Term Water Monetization Expected in Fiscal Year 2026 as Company Advances Water Value Creation Strategy SANTA PAULA, Calif.-- (BUSIN ...

"Limoneira†) (Nasdaq: LMNR), a diversified lemon and avocado growing and lemon packing company with related agribusiness activities and real estate development operations, announced today it will release financial results for the first quarter ended January 31, 2026, on Thursday, March 12, 2026, after the market close. The Company will host a conference call to discuss its financial results on March 12, 2026 at 1:30 pm Pa. SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the "Company†or ...