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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended October 31, 2023 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) Delaware 77-0260692 (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - Total net revenue for Q3 FY2023 was $52.5 million, down from $58.9 million in Q3 FY2022 [27] - Adjusted EBITDA decreased to $2.8 million in Q3 FY2023 from $14.8 million in the same period last year [80] - Net loss applicable to common stock was $1.3 million in Q3 FY2023 compared to net income of $7.3 million in Q3 FY2022 [29] - Adjusted net income for diluted EPS was $400,000 in Q3 FY2023, down from $7.9 million in Q3 FY2022 [29] Business Line Data and Key Metrics Changes - Agribusiness revenue was $51.1 million in Q3 FY2023, down from $57.6 million in Q3 FY2022 [27] - Brokered lemons and other lemon sales grew 76% year-over-year to $8.8 million [28] - Fresh lemon sales decreased to $24.2 million in Q3 FY2023 from $27.8 million in Q3 FY2022 due to adverse weather conditions [8] - Avocado revenue fell to $3.5 million in Q3 FY2023 from $12.6 million in Q3 FY2022, with a significant drop in volume sold [28] Market Data and Key Metrics Changes - Fresh lemon production in the desert region is expected to be down about 15% from last year due to weather impacts [24] - Lemon pricing has increased significantly since August, reaching the highest levels since 2018 [90] - The avocado market faced oversupply pressures from imports, affecting pricing [9] Company Strategy and Development Direction - The company is transitioning to an asset-lighter business model, focusing on monetizing non-strategic assets and improving margins [4][26] - A fallowing program in Yuma, Arizona is expected to generate annual proceeds of $1.3 million [6] - The company aims to enhance shareholder value through improved farming management and strategic asset utilization [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about higher lemon pricing in FY2024 due to improved supply-demand dynamics [5][24] - The company anticipates significant improvements in profitability and EBITDA in FY2024 as a result of strategic changes [32][99] - Management noted challenges in the current operating environment due to weather-related impacts on production and pricing [90] Other Important Information - The company has reduced its long-term debt to $40.7 million as of July 31, 2023, down from $104.1 million at the end of FY2022 [10] - The company expects to monetize an additional $50 million in non-strategic assets over the next nine months [96] Q&A Session Summary Question: What are the expected improvements in margins and profitability for FY2024? - Management indicated that improvements will ramp up throughout FY2024 due to asset monetization and restructuring efforts [13] Question: Have interest rate increases impacted the value of potential asset sales? - Management noted that they have not seen significant deterioration in asset values despite rising interest rates [14][33] Question: What is the outlook for lemon pricing and production? - Management expects lemon pricing to remain elevated, with production anticipated to increase significantly in FY2024 [36][45] Question: How is the company managing its water rights and fallowing programs? - Management emphasized the attractiveness of long-term fallowing programs for monetizing water rights [55] Question: What is the status of the company's Chilean production assets? - Management reported ongoing interest in Chilean assets and is optimistic about future monetization opportunities [49][78]

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, 2023 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 ...