When life gives you lemons, you make lemonade. That’s the saying at least, but when life gave Limoneira (NASDAQ: LMNR ) lemons, they decided to plant some avocados and throw their lot back in with Sunkist, withI’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for Responsible State ...

When life gives you lemons, you make lemonade. That’s the saying at least, but when life gave Limoneira (NASDAQ: LMNR ) lemons, they decided to plant some avocados and throw their lot back in with Sunkist, withI’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for Responsible State ...

Limoneira Company (NASDAQ:LMNR), a diversified enterprise involved in citrus growing, packing, selling, and marketing, as well as agribusiness activities and real estate development, reported disappointing financial results for the third quarter of fiscal year 2025, ending July 31, 2025.On September 9, 2025, Limoneira announced an earnings per share (EPS) of -$0.02, missing the estimated EPS of $0.19. This negative EPS is reflected in the company's price-to-earnings (P/E) ratio of approximately -164.84, ind ...

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Limoneira Company (NasdaqGS:LMNR) Q3 2025 Earnings Call September 09, 2025 04:30 PM ET Company ParticipantsMark Palamountain - EVP and CFOHarold Edwards - President and CEODeidra Thompson - IROperatorWelcome to Limoneira's Third Quarter 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. It is now my pleasure to introduce your host, Deidra Thompson with ICR Inc. Thank you. You may begin.Dei ...

Limoneira Company (NasdaqGS:LMNR) Q3 2025 Earnings Call September 09, 2025 04:30 PM ET Company ParticipantsMark Palamountain - EVP and CFOHarold Edwards - President and CEODeidra Thompson - IROperatorWelcome to Limoneira's Third Quarter 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. It is now my pleasure to introduce your host, Deidra Thompson with ICR Inc. Thank you. You may begin.Dei ...

Limoneira Company (NasdaqGS:LMNR) Q3 2025 Earnings Call September 09, 2025 04:30 PM ET Company ParticipantsMark Palamountain - EVP and CFOHarold Edwards - President and CEODeidra Thompson - IROperatorWelcome to Limoneira Company's third quarter 2025 financial results conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. It is now my pleasure to introduce your host, Deidra Thompson with ICR Inc. Thank you. You may b ...

Financial Data and Key Metrics Changes - For Q3 fiscal year 2025, total net revenue was $47.5 million, down from $63.3 million in the same quarter of the previous year [10] - Agribusiness revenue decreased to $45.9 million from $61.8 million year-over-year, primarily due to pricing pressure in the lemon market [10][11] - Operating loss for Q3 fiscal year 2025 was $600,000 compared to operating income of $9 million in the same quarter of the previous year [15] - Net loss applicable to common stock was $1 million, down from net income of $6.5 million in Q3 fiscal year 2024 [15] - Adjusted net loss for diluted EPS was $400,000 or $0.02 per diluted share, compared to adjusted net income of $7.8 million or $0.42 per diluted share in the same period of fiscal year 2024 [16] Business Line Data and Key Metrics Changes - Fresh-packed lemon sales were $23.8 million in Q3 fiscal year 2025, down from $25.8 million in the same period of fiscal year 2024 [11] - Avocado revenue was $8.5 million in Q3 fiscal year 2025, compared to $13.9 million in Q3 fiscal year 2024, with approximately 5.7 million pounds sold at an average price of $1.50 per pound [12] - Orange revenue increased to $1.7 million in Q3 fiscal year 2025 from $1.2 million in the same period of fiscal year 2024 [13] - Farm management revenues dropped to $100,000 in Q3 fiscal year 2025 from $3.2 million in the same period of fiscal year 2024 due to the termination of a farm management agreement [14] Market Data and Key Metrics Changes - The company experienced lower fresh utilization due to strategic timing, but remains confident in achieving volume goals for lemons and avocados in fiscal year 2025 [5] - The lemon market saw pricing pressures in the first two months of the quarter, but improvements were noted in July with higher prices for stored fruit [5][10] - The California avocado crop typically experiences alternating years of high and low production, impacting volume this year compared to last year [12] Company Strategy and Development Direction - The company is focused on a two-part value creation strategy: agriculture production optimization and land and water value creation [5] - A strategic partnership with Sunkist is expected to drive $5 million in annual cost savings and EBITDA enhancements starting in fiscal year 2026 [6] - The company is exploring development options for the Linco del Mar property to address housing shortages in Ventura County [7][8] - The company anticipates significant increases in avocado production as newly planted acreage matures in fiscal year 2027 and beyond [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about profitable growth opportunities ahead, despite current market challenges [5] - The company expects fresh lemon volumes to be in the range of 4.5 million to 5 million cartons for fiscal year 2025, with avocado volume around 7 million pounds [18] - Management believes lemons will return to profitability with normalized pricing and utilization levels in fiscal year 2026 [19] - The company is positioned for long-term growth through strategic partnerships and operational improvements [20] Other Important Information - Total costs and expenses for Q3 fiscal year 2025 decreased to $48.1 million from $54.3 million in the previous year [15] - Long-term debt increased to $63.3 million as of July 31, 2025, compared to $40 million at the end of fiscal year 2024 [17] - The company expects future distributions from real estate projects to total approximately $155 million over the next five fiscal years [7] Q&A Session Summary Question: Expectations of costs associated with Linco del Mar development - Management expects costs to be similar to previous developments, estimating $3 to $5 million over three to five years, with most costs capitalized [23][24] Question: Vision for long-term development of Linco del Mar - Management indicated that Limoneira is currently leading the project and is open to partnerships similar to the Lewis Group for future development [25][26] Question: Normalized pricing expectations for lemons - Management noted a rebound in lemon prices and expects supply constraints from regions like Spain and Turkey to support pricing in the upcoming year [28][30] Question: Expectations for avocado volumes in 2026 - Management stated it is too early to predict avocado volumes for 2026 but anticipates a significant breakout year in 2027 [33]

The Company continues to expect fresh lemon volumes to be in the range of 4.5 million to 5.0 million ...

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 July 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: 001-34755 LIMONEIRA COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...