Limoneira Co
- Limoneira Co. edged up 0.9% to $16.33 after the diversified citrus growing, packing, selling, and marketing company with related agribusiness activities and real estate development operations reported financial results for the second quarter ending on April 30.
Revenue declined to $35.12 million from $44.61 million, net income swung to a loss of $3.49 million from a profit of $6.44 million, and diluted earnings per share swung to a loss of 20 cents from a profit of 35 cents a year ago.
The company announced its plan to merge its citrus sales and marketing into Sunkist Growers Inc., expecting to generate $5 million in annual selling and marketing cost savings and EBITDA improvement beginning in fiscal year 2026.
The transaction is expected to be finalized in November.
California-based Limoneira will return to Sunkist as one of its largest lemon growers and an exclusive licensed packer, the agri-food group said in a statement.
Jun 10, 2025
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