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Limoneira Company GAAP EPS of -$0.49 misses by $0.38, revenue of $42.82M beats by $7.47M (LMNR:NASDAQ)
Seeking Alpha· 2025-12-23 21:07
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Limoneira(LMNR) - 2025 Q4 - Annual Report
2025-12-23 21:04
Financial Performance - Total net revenues for fiscal year 2025 were $159.7 million, a 17% decrease from $191.5 million in fiscal year 2024, primarily due to decreased agribusiness revenue from lemons, avocados, and farm management [192]. - Agribusiness revenues decreased by 17% to $153.7 million in fiscal year 2025, with significant declines in avocados (53%) and farm management (84%) revenues [192]. - The company reported an operating loss of $20.4 million for fiscal year 2025, compared to an operating income of $6.2 million in fiscal year 2024 [189]. - Net loss attributable to Limoneira Company was $15.98 million in fiscal year 2025, compared to a net income of $7.72 million in fiscal year 2024 [191]. - EBITDA for fiscal year 2025 was $(9.93) million, a significant decline from $21.31 million in fiscal year 2024 [191]. - Adjusted EBITDA for fiscal year 2025 was $(6.45) million, compared to $26.72 million in fiscal year 2024 [191]. - Net loss for fiscal year 2025 was $(16.4) million, compared to a net income of $7.2 million for fiscal year 2024, primarily due to an increase in operating loss of $14.2 million and a decrease in total other income of $18.3 million [221]. Revenue Breakdown - The agribusiness division's lemon revenue included $124.96 million from lemons, down 8% from $136.18 million in fiscal year 2024 [192]. - Fresh lemons segment total net revenues for fiscal year 2025 were $75.8 million, a 13% decrease from $86.9 million in fiscal year 2024 [205]. - Lemon packing segment total net revenues for fiscal year 2025 were $49.1 million, slightly down from $49.3 million in fiscal year 2024 [206]. - Avocados segment revenue for fiscal year 2025 was $11.7 million, a 53% decrease from $25.1 million in fiscal year 2024 [209]. - Other agribusiness segment total net revenues for fiscal year 2025 were $17.0 million, a 31% decrease from $24.6 million in fiscal year 2024 [210]. - Corporate and other operations revenues for fiscal year 2025 were $6.0 million, up from $5.6 million in fiscal year 2024 [213]. Cost and Expenses - Total costs and expenses for fiscal year 2025 were $180.1 million, a 9% decrease from $197.7 million in fiscal year 2024, mainly due to reduced agribusiness costs and selling, general and administrative expenses [194]. - Agribusiness costs and expenses decreased by 6% to $154.8 million in fiscal year 2025, with notable reductions in growing costs (37%) and harvest costs (25%) [194]. - Total costs and expenses for the fresh lemons segment in fiscal year 2025 were $77.6 million, an 8% decrease from $84.2 million in fiscal year 2024 [205]. - Lemon packing costs and expenses for fiscal year 2025 were $47.4 million, an 11% increase from $42.8 million in fiscal year 2024 [207]. - Other agribusiness costs and expenses for fiscal year 2025 were $15.6 million, a 33% decrease from $23.4 million in fiscal year 2024 [212]. - Selling, general and administrative expenses for fiscal year 2025 were $24.5 million, down from $27.5 million in fiscal year 2024 [199]. Cash Flow and Capital Expenditures - Cash flows from operating activities were $(6.0) million for fiscal year 2025, a significant decrease from $17.9 million in fiscal year 2024 [219]. - Capital expenditures for fiscal year 2025 amounted to $13.5 million, primarily related to orchard development [221]. - The company expects to receive approximately $155.0 million from joint ventures over the next five years [231]. - The company declared cash dividends of $0.30 per common share, totaling $5.4 million for both fiscal years 2025 and 2024 [226]. Debt and Interest Rate Exposure - The company has an aggregate borrowing capacity of $115.0 million, with $72.5 million outstanding under the Revolving Credit Supplement as of October 31, 2025 [220]. - The total debt outstanding under the AgWest Farm Credit Facility was $72.5 million as of October 31, 2025 [240]. - As of October 31, 2025, a 100 basis points increase in interest rates would increase interest rate expense by $0.7 million for fiscal year 2026 [241]. - A 100 basis points increase in interest rates would decrease net income by $0.5 million for fiscal year 2026 [241]. - The annual average impact of a 100 basis points increase in interest rates on interest rate expense is projected to be $0.7 million for each of the three subsequent fiscal years [241]. - The annual average impact on net income from a 100 basis points increase in interest rates is projected to be $0.5 million for each of the three subsequent fiscal years [241]. - The company has strategies in place to manage exposure to interest rate risk [241]. - Potential strategies include the early pay down of outstanding debt under the AgWest Farm Credit Facility [241]. Taxation - The effective tax rate for fiscal year 2025 was 22.1%, a decrease from 37.9% in fiscal year 2024 [199]. - The company paid income taxes of $0.7 million for fiscal year 2025, a decrease from $5.2 million in fiscal year 2024 [227].
Limoneira(LMNR) - 2025 Q4 - Annual Results
2025-12-23 21:02
Exhibit 99.1 Limoneira Company Announces Fourth Quarter and Full Fiscal Year 2025 Financial Results Company Achieved Avocado and Lemon Volume Guidance for Fiscal Year 2025 Avocado Production Capacity Set to Nearly Double with 700 Acres of Non-Bearing Trees Maturing Over Next Three to Four Years SANTA PAULA, Calif.-- (BUSINESS WIRE) – December 23, 2025 -- Limoneira Company (the "Company" or "Limoneira") (Nasdaq: LMNR), a diversified lemon and avocado growing and lemon packing company with related agribusines ...
Stock Market Today: Nasdaq, S&P 500 Futures Rise As Street Awaits Q3 GDP Report—Parsons, ZIM, Trump Media & Technology In Focus - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-12-23 10:00
Market Overview - U.S. stock futures rose on Tuesday following a higher close on Monday, with major benchmark indices advancing [1] - Investors are awaiting economic data, including delayed reports on third-quarter GDP and durable goods, as well as updates on industrial production and consumer confidence [1][11] - Trading will be closed on Thursday, with an abbreviated session on Wednesday [1] Treasury Yields and Market Sentiment - The 10-year Treasury bond yielded 4.15%, while the two-year bond was at 3.50% [2] - The CME Group's FedWatch tool indicates an 80.1% likelihood of the Federal Reserve keeping interest rates unchanged [2] Stock Performance - Major indices showed slight gains: Dow Jones up 0.04%, S&P 500 up 0.07%, Nasdaq 100 up 0.11%, and Russell 2000 up 0.02% [2] - The SPDR S&P 500 ETF Trust (SPY) increased by 0.10% to $685.52, and the Invesco QQQ Trust ETF (QQQ) rose by 0.15% to $620.15 [2] Stocks in Focus - Parsons Corp. (PSN) jumped 6.16% after winning a contract under the Missile Defense Agency's SHIELD program [4] - XMax Inc. (XWIN) shares fell 4.45% after filing for a public offering of 1.1875 million shares at $4.21 each [4] - ZIM Integrated Shipping Services Ltd. (ZIM) rose 7.29% after receiving acquisition proposals and is evaluating offers [4] - Trump Media & Technology Group Corp. (DJT) increased by 1.80% after purchasing over $40 million in Bitcoin [4] Economic Insights - LPL Research anticipates a generally positive outlook for the U.S. economy and stock market in 2026, with a modest slowdown expected early in the year before a rebound [8] - The bull market is projected to extend, driven by AI investment and easing monetary policy, with a year-end S&P 500 target range of 7,300–7,400 [9] Strategic Recommendations - LPL's committee maintains a tactical neutral stance on equities, advising investors to prepare for volatility while favoring growth style over value [10]
Stock Market Today: Nasdaq, S&P 500 Futures Rise As Street Awaits Q3 GDP Report—Parsons, ZIM, Trump Media & Technology In Focus
Benzinga· 2025-12-23 10:00
Market Overview - U.S. stock futures rose on Tuesday following a higher close on Monday, with major benchmark indices advancing [1] - Investors are awaiting economic data, including delayed reports on third-quarter GDP and durable goods, as well as updates on industrial production and consumer confidence [1][11] - Trading will be closed on Thursday, with an abbreviated session on Wednesday [1] Treasury Yields and Market Sentiment - The 10-year Treasury bond yielded 4.15%, while the two-year bond was at 3.50% [2] - The CME Group's FedWatch tool indicates an 80.1% likelihood of the Federal Reserve keeping interest rates unchanged [2] Stock Performance - Major indices showed slight gains: Dow Jones up 0.04%, S&P 500 up 0.07%, Nasdaq 100 up 0.11%, and Russell 2000 up 0.02% [2] - The SPDR S&P 500 ETF Trust (SPY) increased by 0.10% to $685.52, and the Invesco QQQ Trust ETF (QQQ) rose by 0.15% to $620.15 [2] Stocks in Focus - Parsons Corp. (NYSE:PSN) jumped 6.16% after winning a contract under the Missile Defense Agency's SHIELD program [4] - XMax Inc. (NASDAQ:XWIN) shares fell 4.45% after filing for a public offering of 1.1875 million shares at $4.21 each [4] - ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) rose 7.29% after receiving acquisition proposals and is evaluating offers [4] - Trump Media & Technology Group Corp. (NASDAQ:DJT) increased by 1.80% after purchasing over $40 million in Bitcoin [4] Economic Insights - LPL Research anticipates a generally positive outlook for the U.S. economy and stock market in 2026, with a modest slowdown expected early in the year before a rebound [8] - The bull market is expected to extend, driven by AI investment and easing monetary policy, with a year-end S&P 500 target range of 7,300–7,400 [9] Strategic Recommendations - LPL's committee maintains a tactical neutral stance on equities, advising investors to prepare for volatility while favoring growth style over value [10]
S&P 500 Gains For Third Day: Investor Sentiment Improves, Fear Index Moves To 'Greed' Zone - UniFirst (NYSE:UNF)
Benzinga· 2025-12-23 07:54
Market Sentiment - The CNN Money Fear and Greed index improved, moving to the "Greed" zone with a current reading of 56, up from 49.7 [4] - U.S. stocks experienced gains, with the Dow Jones increasing by over 200 points and the S&P 500 recording gains for the third consecutive session [1][3] Company News - UniFirst Corp. received an acquisition proposal from Cintas Corp. at $275 per share in cash [2] - Investors are anticipating earnings results from Limoneira Co. and Good Times Restaurants Inc. [3] Economic Data - The Chicago Fed National Activity Index rose to -0.21 in September from -0.31 in August [2] Sector Performance - Most sectors on the S&P 500 closed positively, with materials, industrials, and financials showing the largest gains, while consumer staples stocks declined [2]
Wall Street Rises on AI Momentum as Holiday Week Commences; Key Economic Data and Earnings Ahead
Stock Market News· 2025-12-22 21:07
Market Overview - The U.S. stock market began a holiday-shortened week with strong performance, driven by a resurgence in AI-related stocks, leading to a cautiously optimistic sentiment among investors [1][2] - All three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average rising 0.4% to 48,134.89, the Nasdaq Composite increasing 1.3% to 23,307.62, and the S&P 500 climbing 0.8% to 6,834.50 [2] Sector Performance - The technology sector showed significant gains, with the Technology Select Sector SPDR (XLK) among the top performers, while the Energy Select Sector SPDR (XLE) decreased by 1.5% [3] - The CBOE Volatility Index (VIX) fell by 11.6% to 14.91, indicating reduced market apprehension [3] Economic Data and Indicators - Key economic data releases are anticipated, including the third-quarter GDP estimate and the December Consumer Confidence survey, which could influence Federal Reserve monetary policy [5] - The University of Michigan reported a December consumer sentiment index of 52.9, up from 51 in November, with short-term inflation expectations decreasing to 4.2% [6] Major Stock News - NVIDIA Corp. shares rose by 3.9% due to reports of potential sales of high-end AI chips to approved customers in China [7] - Oracle Corp. saw a 6.6% increase following news of TikTok's U.S. operations being sold to a joint venture that includes Oracle [8] - Micron Technology Inc. shares jumped 7% after strong fiscal first-quarter earnings and positive outlook for the second quarter [9] - Tesla shares reached a record high, closing up 1.7% at $489 after winning a court battle regarding CEO Elon Musk's pay package [9] - Ride-sharing companies Uber and Lyft experienced gains of 2.8% and 4.2%, respectively, after announcing plans for robotaxi services in London [10] Earnings Announcements - FedEx Corporation reported adjusted earnings of $4.82 per share, leading to a 0.6% rise in its stock [11] - HEICO Corp. shares surged 5.8% after exceeding earnings expectations, while Carnival Corp. shares climbed 9.8% after beating earnings estimates [11] - Conagra Brands Inc. shares fell 2.5% after reporting revenues that missed expectations [11] Commodities - Gold futures surpassed $4,400 an ounce, and silver prices also reached new highs, driven by expectations of Federal Reserve rate cuts and geopolitical tensions [13] Market Outlook - As the year ends, technology and AI remain key market drivers, with upcoming economic data and a shortened trading week likely influencing investor strategies [14]
Mission Produce vs. Limoneira: Which Agri-Stock Is Better Positioned?
ZACKS· 2025-12-05 17:45
Core Insights - The rivalry between Mission Produce Inc. (AVO) and Limoneira Company (LMNR) highlights different strategic approaches in the consumer staples market, with AVO focusing on a premium, brand-driven model and LMNR leveraging volume and diversification [1][2] Group 1: Mission Produce (AVO) - AVO's competitive advantage lies in its vertically integrated model, controlling the entire avocado supply chain from farming to global distribution, which ensures consistent supply and quality [3][4] - The company is expanding its portfolio beyond avocados into mangoes and blueberries, enhancing revenue stability and positioning itself as a multi-category fresh produce provider [6] - AVO is transitioning towards efficiency and cash generation, with a strengthening balance sheet and manageable tariff dynamics, positioning it for improved shareholder returns [7][8] Group 2: Limoneira (LMNR) - LMNR's investment appeal is based on its premium agribusiness operations and valuable real assets, maintaining a strategic niche in high-quality domestic supply of lemons and avocados [9][10] - The company is focused on agricultural optimization and asset monetization, benefiting from a diversified crop portfolio and a strong asset-backed balance sheet [10][14] - LMNR's long-term growth is supported by the maturation of newly planted acreage and partnerships that enhance its market position [12][14] Group 3: Financial Performance and Estimates - AVO's EPS estimates for fiscal 2025 and 2026 have remained unchanged, while LMNR's estimates suggest year-over-year declines of 9.5% and 28.4% respectively [15][21] - In the past six months, AVO has outperformed with a total return of 9.2%, contrasting with LMNR's decline of 9.8% [22] - AVO trades at a forward price-to-sales (P/S) multiple of 0.68X, below its 5-year median, while LMNR's P/S multiple is 1.9X, indicating a valuation edge for AVO [26] Group 4: Conclusion - AVO is positioned as a compelling long-term investment due to its strong return profile, attractive valuation, and growth potential, while LMNR remains fundamentally solid with durable value from its asset base [27][28]
Limoneira Closes Sale of its Chilean Ranches for $15 Million
Businesswire· 2025-11-13 13:30
Core Points - Limoneira Company has completed the sale of its Chilean ranches, Pan de Azucar and San Pablo, for approximately $15 million, with an initial cash receipt of $6.8 million [1][3] - The transaction aligns with the company's strategy to monetize non-strategic land and water assets while maintaining a 47% interest in a citrus packing, selling, and marketing business in Chile [1][3] - The company has identified a pipeline of real estate development assets valued between $355 million and $405 million for long-term monetization [3] Agriculture Strategy - The company aims to streamline operations, expand avocado production, and optimize lemon packing through a partnership with Sunkist [6] - Plans include expanding an organic recycling facility and selling non-strategic land assets valued at approximately $40 million [6] Land and Water Assets - Limoneira is also looking to sell certain water rights valued between $50 million and $70 million as part of its asset monetization strategy [6]
Limoneira Company 2025 Q3 - Results - Earnings Call Presentation (NASDAQ:LMNR) 2025-10-07
Seeking Alpha· 2025-10-07 14:56
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