Limoneira(LMNR)

Search documents
Limoneira(LMNR) - 2025 Q3 - Quarterly Results
2025-09-09 20:02
Exhibit 99.1 Limoneira Company Announces Third Quarter Fiscal Year 2025 Financial Results Company On Track to Merge Citrus Sales and Marketing into Sunkist Growers with $5 Million in Annual Selling and Marketing Cost Savings and EBITDA Improvement Beginning in Fiscal Year 2026 Company Reiterates Avocado and Lemon Volume Guidance for Fiscal Year 2025 Company Explores Providing Housing on the Limco Del Mar Ranch to Address Ventura County's Housing Needs SANTA PAULA, Calif.-- (BUSINESS WIRE) – September 9, 202 ...
Limoneira Company (NasdaqGS:LMNR) Earnings Call Presentation
2025-09-09 20:00
Unlocking Premium Value G R O W I N G A G R I C U LT U R E C O U P O N + T R A N S F O R M AT I O N A L L A N D VA L U E C R E AT I O N SEPTEMBER 2025 DISCLOSURE Forward-Looking Statements This presentation contains forward-looking statements, including guidance for fiscal years 2025 and beyond, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Limoneira's current expe ...
Mission Produce vs. Limoneira: Who Holds the Reins in Fresh Produce?
ZACKS· 2025-08-18 15:16
Core Insights - Mission Produce Inc. (AVO) and Limoneira Company (LMNR) represent contrasting approaches in the fresh produce market, with AVO focusing on avocados and LMNR on a diversified citrus portfolio [1][2][3] Investment Case for AVO - Mission Produce is a leading vertically integrated supplier of Hass avocados, with a strong global presence and year-round supply capabilities [3][5] - The company is expanding its portfolio to include mangoes and blueberries, which helps mitigate risks associated with avocado price volatility [4][6] - AVO's scale and infrastructure allow it to effectively manage supply chain disruptions, maintaining customer commitments even during trade tensions [5][6] - The structural drivers of rising avocado consumption and AVO's adaptability position it well for long-term growth in the fresh produce sector [6] Investment Case for LMNR - Limoneira is a major U.S. lemon producer with a growing focus on avocados, aiming to increase production through new plantings [7][9] - The partnership with Sunkist Growers is expected to yield $5 million in annual savings and enhance efficiency, positioning LMNR as a multi-citrus player [10] - Limoneira's real estate and water monetization initiatives provide additional income streams, although its earnings are still subject to crop cycles and commodity pressures [11] Performance Comparison - AVO shares have increased by 16.9% over the past three months, while LMNR shares have declined by 4.3%, indicating diverging market momentum [8][18] - AVO trades at a forward price-to-sales (P/S) multiple of 0.71X, below its 5-year median, while LMNR's P/S multiple is 2X [20][23] Conclusion - Mission Produce is viewed as the more compelling investment choice due to its strong market position, attractive valuation, and growth potential in avocados and adjacent categories [25][26] - Limoneira, while offering diversification, faces challenges that may slow its growth trajectory compared to AVO [24][26]
Limoneira Company: Ready For A Turnaround
Seeking Alpha· 2025-06-25 21:45
Group 1 - The investment philosophy focuses on three main areas: high-quality growth companies, turnaround situations, and broader market commentary [2] - Emphasis on identifying emerging growth stories before they gain widespread attention, highlighting the importance of sustainable competitive advantages [2] - Expertise in turnaround situations involves seeking fundamentally sound companies that are undervalued due to temporary challenges or market pessimism [2] Group 2 - The analyst's educational background from the University of Virginia provides rigorous analytical skills, enhancing the ability to conduct disciplined research and risk management [2] - The goal is to share well-researched investment ideas and market insights, contributing valuable analysis for informed decision-making [2]
Mission Produce vs. Limoneira: Which Stock Is a Better Fresh Food Bet?
ZACKS· 2025-06-12 15:10
Core Insights - Mission Produce Inc. (AVO) and Limoneira Company (LMNR) are competing in the fresh produce market, focusing on avocados and citrus, respectively, with distinct business models and growth strategies [1][3]. Group 1: Company Overview - AVO is a global leader in the avocado market, sourcing from over 20 regions and supplying more than 25 countries [4]. - LMNR is a vertically integrated citrus grower with a growing avocado footprint, leveraging its California land holdings [2][12]. Group 2: Financial Performance - AVO reported a 28% year-over-year revenue increase to $380.3 million in Q2 fiscal 2025, driven by strong pricing, selling avocados at $2.00 per pound [5][8]. - LMNR experienced a 21% year-over-year revenue decline to $35.1 million in Q2 fiscal 2025, with a loss per share of 20 cents [10][9]. Group 3: Strategic Initiatives - AVO is building an ecosystem with a vertically integrated model and expanding into mangos and blueberries, enhancing its product mix [6][24]. - LMNR is undergoing a strategic transformation, partnering with Sunkist to improve efficiency and stabilize margins, while planning to expand avocado acreage by 2,000 acres by fiscal 2027 [11][14]. Group 4: Market Position and Valuation - AVO's stock has outperformed, with a total return of 16% over the past three months, compared to LMNR's 15.2% decline [20]. - AVO trades at a forward price-to-sales (P/S) multiple of 0.72X, below its 5-year median, while LMNR's P/S multiple is 1.44X [23][24]. Group 5: Future Outlook - AVO is positioned for continued growth with a strong earnings potential and diversified product offerings, reflecting resilience in a volatile market [26][27]. - LMNR's recovery may take longer due to top-line pressures and transitional costs, despite its long-term promise [25][28].
Limoneira Aiming For Growth, But Results Are Likely Years Off
Seeking Alpha· 2025-06-12 11:45
Group 1 - Lemons are considered essential in culinary practices, especially in seafood cooking, highlighting their cultural significance [1] - The author has extensive experience in foreign policy research and investment analysis, focusing on deep-discount value plays and underappreciated companies [1] - The author's investment philosophy is influenced by contrarian investment strategies, particularly those of David Dreman [1] Group 2 - There are no disclosed stock positions or plans to initiate any positions in the companies mentioned, indicating an unbiased perspective [2] - The article expresses personal opinions and is not influenced by compensation from companies mentioned [2] - Seeking Alpha emphasizes that past performance does not guarantee future results and that opinions may not reflect the views of the platform as a whole [3]
Time To Invest In Limoneira
Seeking Alpha· 2025-06-10 16:54
Group 1 - The core focus of Quad 7 Capital is to provide investment opportunities through their BAD BEAT Investing platform, emphasizing both long and short trades [1] - The team consists of 7 analysts with diverse expertise in business, policy, economics, mathematics, game theory, and sciences, aiming to educate investors on proficient trading [1] - Since May 2020, the company has maintained an average position of 95% long and 5% short, showcasing their strategic approach to market conditions [1] Group 2 - BAD BEAT Investing offers various benefits, including weekly well-researched trade ideas, access to multiple chat rooms, and daily summaries of key analyst upgrades and downgrades [2] - The platform also provides education on basic options trading and extensive trading tools to enhance investor knowledge and skills [2]
Founding Member Limoneira to Rejoin Sunkist Growers
Prnewswire· 2025-06-10 06:49
Core Insights - Limoneira Company will rejoin Sunkist Growers, Inc. effective November 1, 2025, marking a significant reunion for both companies [1][2] - The partnership aims to enhance collective capabilities and create greater value for growers, packers, and customers [2][3] - Limoneira will maintain its independent operations while transferring its fresh citrus sales and marketing responsibilities to Sunkist [2][3] Company Overview - Limoneira is a 132-year-old agribusiness based in Santa Paula, California, specializing in lemons, avocados, and other crops across 10,500 acres in multiple countries [5] - Sunkist Growers, founded in 1893, is a citrus marketing cooperative owned by over 1,000 family farmers in California and Arizona [6] Strategic Goals - The reconnection is expected to drive expanded market access, optimize citrus supply, and enhance the cooperative's ability to meet customer and grower needs [3][4] - Both companies are committed to ensuring a seamless transition and maintaining service excellence as they enter the new citrus season [4]
Limoneira Company (LMNR) Q2 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-06-09 23:13
Core Viewpoint - Limoneira Company held its Second Quarter Fiscal Year 2025 Earnings Conference Call, discussing financial results and future outlook [1][2][3]. Financial Results - The earnings release for the second quarter of fiscal year 2025 was made available on the company's website, indicating a structured approach to investor communication [3]. - The conference call included key participants such as the President and CEO Harold Edwards and CFO Mark Palamountain, highlighting the leadership's involvement in financial disclosures [1][3]. Forward-Looking Statements - The company provided a reminder that prepared remarks may contain forward-looking statements, which are subject to various risks and uncertainties that could impact future performance [4]. - Management indicated that additional forward-looking statements might be made in response to questions during the call, emphasizing the dynamic nature of the company's outlook [4].
Limoneira(LMNR) - 2025 Q2 - Earnings Call Transcript
2025-06-09 21:32
Financial Data and Key Metrics Changes - For the second quarter of fiscal year 2025, total net revenue was $35.1 million, down from $44.6 million in the same quarter of the previous fiscal year, representing a decline of approximately 21% [16] - Agribusiness revenue decreased to $33.6 million from $43.3 million year-over-year, primarily due to a temporarily oversupplied market causing significant pricing pressure [16][17] - The company reported a net loss applicable to common stock of $3.5 million for the second quarter, compared to a net income of $6.4 million in the same period last year [20] - Adjusted EBITDA for the second quarter was a loss of $167,000, compared to a gain of $16.6 million in the same period of the previous fiscal year [22] Business Line Data and Key Metrics Changes - Fresh packed lemon sales were $19.7 million, down from $25.8 million year-over-year, with 1.4 million cartons sold at an average price of $14.52 per carton, compared to $17.85 in the previous year [17] - Avocado revenue increased to $2.8 million from $2.3 million, with 1.2 million pounds sold at an average price of $2.26 per pound, compared to $1.47 in the previous year [18] - Orange revenue rose to $1.6 million from $1.2 million, with 92,000 cartons sold at an average price of $17.07 per carton, compared to $17.58 in the previous year [18] Market Data and Key Metrics Changes - The company expects relief from current market conditions in the second half of the year as it anticipates achieving more substantial market share and benefiting from seasonal pricing improvements [17] - The citrus sales and marketing plan with Sunkist is expected to enhance resilience to market volatility by creating a more efficient cost structure [17] Company Strategy and Development Direction - The company is merging its citrus sales and marketing operations with Sunkist Growers, which is expected to improve supply chain efficiency and reduce costs by approximately $5 million annually [6][8] - The partnership with Sunkist aims to enhance the company's citrus business model and expand access to food service and retail customers [10][12] - The company remains committed to growing its citrus business through multiple channels and enhancing long-term returns [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational enhancements and strategic initiatives that are expected to contribute to sustainable long-term shareholder value [13] - The company anticipates fresh lemon volumes to be in the range of 4.5 million to 5 million cartons for fiscal year 2025, down from previous expectations [24] - The partnership with Sunkist is expected to create a stronger operational foundation, despite a reduction in overall revenue due to the transition of the brokerage business [25] Other Important Information - Total costs and expenses for the second quarter decreased by 22% to $38.5 million compared to $49.3 million in the previous year [19] - Long-term debt increased to $54.9 million as of April 30, 2025, compared to $40 million at the end of the previous fiscal year [23] Q&A Session Summary Question: Can you elaborate on the brokered fruit business and its impact? - The brokered fruit business will be going away, but party cartons will continue to run through the facility and be reflected on the top line [30][31] Question: How should we think about the per box economics of the Sunkist deal? - The deal involves a fixed cost model for sales and marketing, which is expected to reduce costs significantly compared to previous arrangements [32][34] Question: What is the current state of the avocado harvest? - The weather has been favorable, and the strategy of delaying the harvest is expected to yield larger fruit sizes, which typically command better pricing [40][41] Question: Will any of the recent plantings contribute to increased yield by fiscal year 2026? - Early plantings are progressing well, and the company is optimistic about achieving higher yields sooner than expected [44][46]