DOLE News & Events

Dole announced that certain of its subsidiaries have entered into several agreements that when completed will result in the sale of Dole's port and port operations in Guayaquil, Ecuador to Terminal Investment. Post completion, Dole will continue to utilize the port pursuant to an agreement with the Buyer to provide port terminal services, including the loading and discharging of containers. The sale is subject to regulatory clearance in Ecuador. The estimated net proceeds from the sale will be approximately $75M in cash, after costs and customary transaction completion adjustments.

Dole announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $100M of its ordinary shares in the aggregate. The repurchase authorization forms part of a broader capital allocation strategy and reflects the Company's commitment to driving long term sustainable shareholder value.

The company said, "We are pleased that our broadly based business model has delivered year-on-year Adjusted EBITDA growth for the first nine months. The momentum within our overall business gives us confidence that our full year Adjusted EBITDA should be at the upper end of our targeted range of $380M-$390M. For FY25 we are reducing our guidance for routine capital expenditure to approximately $85M, and we continue to expect full year interest expense to be approximately $67M."

Reports Q3 revenue $2.28B, consensus $2.15B. Commenting on the results, Carl McCann, Executive Chairman, said: "We are pleased to report a good outcome for the third quarter of 2025. Our Diversified Fresh Produce segments delivered excellent results, partially offsetting an anticipated decline in Fresh Fruit in the quarter. The momentum within the overall business gives us confidence that our full year Adjusted EBITDA should be at the upper end of our targeted range of $380M-$390M."