Dole plc Reports Q3 2026 Revenue Growth Amid Port Sale and Fuel Cost Headwinds
Dole plc (DOLE) reported third-quarter revenue of $2.4 billion, a 3.8% increase year-over-year, driven by growth in its Diversified Americas and EMEA segments. The company's net income rose significantly to $48.3 million, bolstered by a $48.6 million gain from the sale of a port facility in Ecuador. This divestment also helped reduce net leverage to 1.3x. Despite revenue gains, management issued a reduced full-year adjusted EBITDA guidance of $380 million to $390 million, down from previous estimates of $400 million. This revision is primarily due to a projected $16 million headwind from volatile fuel costs in Europe, where the company lacks contractual surcharge protections. Additionally, geopolitical tensions in the Middle East and weather-related impacts on fruit quality remain key operational risks.
Tickers: $DOLELN
Topics: Asset Sale EBITDA Net Income Revenue Growth Segment Performance
Read the full article at Motley Fool
Part of the story Sunrun Reports Q3 2026 Revenue Growth Amidst Lowered Cash Generation Guidance (25 articles)