Limoneira Co
13.97-0.41 (-2.85%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · LMNR · USD
Key Stats
Market Cap
252.13MP/E (TTM)
-Basic EPS (TTM)
-0.54Dividend Yield
0.02%Recent Filings
8-K
10-Q
Q3 FY2025 results
Limoneira's Q3 FY2025 agribusiness revenues fell 26% y/y to $45.9M, driven by 18% lower lemon prices and 39% softer avocado volumes amid alternating crop cycles, while farm management dropped 97% after a key contract ended. Costs eased 7% y/y on reduced growing expenses, yielding a slim operating loss of $0.6M versus $9.0M profit last year; YTD, revenues slid 22% to $112.4M with a $9.3M operating loss, pressured by one-time equity gains fading from 2024. Cash dipped to $2.1M, but $50.7M revolver availability cushions amid $63.3M debt at SOFR+2.25%. A $10M JV distribution bolstered liquidity. Debt covenants pose the main risk, with tighter ratios looming if harvests falter.
8-K
Limoneira Q3 revenues fall
Limoneira reported Q3 fiscal 2025 net revenues of $47.5 million, down from $63.3 million last year, with an operating loss of $0.6 million versus $9.0 million income, driven by softer lemon and avocado pricing amid storage strategies. The company advances its Sunkist merger for $5 million annual cost savings starting fiscal 2026, while exploring housing development on its 221-acre Limco Del Mar Ranch to meet Ventura County needs. Revenues dipped sharply. Guidance holds for 4.5-5.0 million lemon cartons and 7.0 million avocado pounds in 2025.
8-K
Limoneira gains Del Mar majority
Limoneira Company closed its offer on August 4, 2025, to buy limited partnership units in Del Mar, snapping up 80,608 units from 78 partners at $70 each for $5.6 million. This boosted its stake in the lemon and avocado producer from 28.8% to 54.5%, granting majority control. The move aims to sharpen strategy for better long-term returns and liquidity. Ownership shift unlocks decisions, yet integration details remain undisclosed.
8-K
Limoneira secures $115M credit
Limoneira Company inked a $115 million credit deal with AgWest Farm Credit on June 26, 2025, blending $114 million revolving and $1 million non-revolving lines maturing July 1, 2030, secured by Ventura County ag properties. Initial rates hover at 6.6% and 6.9%, tied to SOFR with margins scaling by leverage. Covenants demand debt service coverage above 1.00:1 from fiscal 2025 and leverage dropping to 4.50:1 by late 2026. This bolsters liquidity, yet breaches could trigger full repayment.
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