DOLE News & Events

Reports Q4 revenue $2.37B vs. $2.17B last year. Commenting on the results, Carl McCann, Executive Chairman, said: "We are very pleased to deliver a strong operating result for the year, with Adjusted EBITDA of $395 million, surpassing our most recent guidance. In 2025, the Group achieved several significant strategic milestones, including the sale of the Fresh Vegetables business, the initiation of a $100 million share repurchase program, and our transition to U.S. Domestic Issuer filings as we target further index inclusion. The Group continues to demonstrate strong operational momentum. For the coming financial year, we are targeting Adjusted EBITDA of at least $400 million."

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."