Limoneira Reports Q3 2026 Earnings with Mixed Results
Limoneira (LMNR) reported third-quarter earnings for fiscal year 2026, showing mixed performance across its business segments. Total net revenues came in at $43.8 million, down from the previous year due to reduced sales of brokered citrus as operations transitioned to Sunkist. However, adjusted EBITDA rose to $3.9 million compared to $3 million a year ago, driven by improved agribusiness income and cost-saving efforts. Fresh lemon sales reached $27.3 million with an average price per carton increasing from $17.02 in the prior year to $19.88 this quarter. Avocado revenue declined slightly due to lower pricing despite higher volume, while SG&A expenses dropped by 20% following operational changes. The company also announced a planned sale of Windfall Farms for $15 million and identified potential monetization opportunities worth up to $200 million in nonstrategic assets.
Tickers: $LMNR
Topics: agribusiness ebitda pricing revenue sales_volume