Core Viewpoint - Limoneira Company is viewed as a hold at current levels, with a recent trade closing at $20.64 and a subsequent nearly 20% increase in a long-term position [1] Financial Performance - Fiscal Q3 results showed total net revenue of $63.3 million, up from $52.5 million a year ago, which was slightly below expectations by $0.26 million [5] - Agribusiness revenue increased to $61.8 million from $51.1 million last year, while other operations revenue remained flat at $1.5 million [5] - Adjusted EPS rose to $0.42 from $0.02 a year ago, exceeding estimates by $0.08, with adjusted net income improving to $7.8 million from $0.4 million [6] Balance Sheet - Long-term debt decreased to $40.0 million as of July 31, 2024, down from over $100 million in fiscal 2023, indicating a significant reduction in debt levels [3] - Net debt position at quarter end was $39.6 million, down sequentially [3] Real Estate Ventures - The joint venture with Lewis company generated $30.0 million in distributions, with Limoneira receiving $15.0 million [4] - The Santa Paula City Council approved an increase in residential units from 1,500 to 2,050, which will add 250 single-family homesites [4] Future Outlook - Management updated guidance for avocado volumes to 14.5 million to 15.5 million pounds for the fiscal year, a more than 50% increase from previous guidance [7] - Fresh lemon volume guidance was lowered to 4.5 million to 5.0 million cartons due to lower fresh utilization from late-season rains [7] - The company anticipates $180 million in proceeds from Harvest real estate projects over the next seven years, with the lowest year expected to be $8 million [7]

Limoneira (LMNR) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 31.25%. A quarter ago, it was expected that this agribusiness company would post earnings of $0.21 per share when it actually produced earnings of $0.44, delivering a surprise of 109.52%. Over the last four quarters, the ...

The Wall Street rally has suddenly come to a halt. Tech stocks that have been primarily driving the rally since 2023 have been retreating over the past week. On Jul 24, the three major indexes ended sharply lower, with the S&P 500 and Nasdaq recording their worst day since 2022. Investors have been rotating out of mega-cap tech stocks and placing their bets on small-cap and cyclical stocks over the past week in hopes that these stocks would benefit once the Federal Reserve starts rate cuts. Alphabet, Inc (G ...

Limoneira (LMNR) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ear ...

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 April 30, 2024 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 ...

Exhibit 99.1 Limoneira Company Announces Second Quarter Fiscal Year 2024 Financial Results Company Closes Significant Real Estate Development Joint Venture Deal with The Lewis Group of Companies with an Additional 554 Residential Homesites at Harvest at Limoneira Harvest at Limoneira Approved for an Additional 550 Entitled Lots from 1,500 to 2,050 Company Increases Expected Proceeds from Harvest at Limoneira by 46% to $180 Million Company Raises Avocado Volume Guidance for Fiscal Year 2024 SANTA PAULA, Cali ...

Limoneira Company (NASDAQ:LMNR) Q1 2024 Earnings Conference Call March 7, 2024 4:30 PM ET Company Participants John Mills - IR, ICR Harold Edwards - President & CEO Mark Palamountain - CFO Conference Call Participants Ben Bienvenu - Stephens Benjamin Klieve - Lake Street Capital Markets Rajiv Sharma - B. Riley Securities Operator Greetings, and welcome to the Limoneira First Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer ...

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, 2024 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 ...

Exhibit 99.1 Limoneira Company Announces First Quarter Fiscal Year 2024 Financial Results Net Revenues Grew 5% to $39.7 Million in First Quarter of Fiscal Year 2024 Compared to Prior Year Strategic Shift Toward Higher Margin "Asset-Lighter" Business Model Reflected in First Quarter of Fiscal Year 2024 Results; Agribusiness Operating Loss Improved 84% and Agribusiness Costs and Expenses Decreased 5% in First Quarter of Fiscal Year 2024 Compared to Prior Year Brokered Lemons and Other Lemon Sales Increased to ...

Limoneira Company (NASDAQ:LMNR) Q4 2023 Results Conference Call December 21, 2023 4:30 PM ET Company Participants John Mills - IR, ICR Harold Edwards - President & CEO Mark Palamountain - CFO Conference Call Participants Ben Bienvenu - Stephens Ben Klieve - Lake Street Capital Markets Raj Sharma - B. Riley Securities Operator Greetings, and welcome to Limoneira's Fourth Quarter Fiscal Year 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer ...