Limoneira Reports Q4 Revenue of $42.8M, Exceeding Estimates
Reports Q4 revenue $42.8M, two estimates $35.4M. Harold Edwards, President and Chief Executive Officer of the Company, stated, "Fiscal 2025 represents a transformational year in Limoneira's strategic evolution from moving our primary focus away from an oversupplied lemon offering to avocados, which provide much greater demand and stronger long-term consumption growth potential. The fourth quarter included strategic transformation costs totaling approximately $7 million, and these decisions are expected to yield approximately $10 million in savings and enhanced operational efficiencies in fiscal year 2026. We systematically took steps to address the fundamental oversupply in global lemon markets by repositioning around what we believe to be sustainable competitive advantages, including our new partnership with Sunkist. The partnership is expected to deliver concrete benefits starting in fiscal 2026 by achieving meaningful annual cost savings and operational improvements. It is also intended to remove pricing pressure while strengthening our packing margins and providing access to premium Sunkist customers."
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Limoneira (LMNR) Q2 2025 Earnings Call Transcript
Limoneira Company Reports Wider Q4 Loss of $8.8 Million
- Wider Loss: Limoneira Company reported a net loss of $8.8 million for Q4, translating to a loss of $0.49 per share, which is a significant increase from a loss of $2 million or $0.11 per share in the same quarter last year, indicating adverse impacts from lower lemon volumes and rising costs.
- Revenue Decline: The company's net revenues fell to $42.8 million from $43.9 million a year earlier, with agribusiness revenues decreasing from $42.5 million to $41.3 million, reflecting pressures from weak market demand and intensified competition.
- Adjusted Loss: The adjusted net loss widened to $8.0 million or $0.45 per share, compared to an adjusted net loss of $1.6 million or $0.09 per share in the prior-year quarter, highlighting challenges in cost management and profitability.
- Poor Annual Performance: For fiscal year 2025, Limoneira posted a net loss of $16.5 million or $0.93 per share, contrasting sharply with a net income of $7.2 million or $0.40 per share in fiscal 2024, reflecting a deterioration in the company's overall financial health.
