NASDAQ$LMNR
Limoneira Company · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Net revenues increased and avocado sales reached a record in fiscal year 2024.
Limoneira Company reported a net revenue increase in Q4 2024, driven by solid lemon revenue and record avocado production. Total net revenue was $43.9 million, compared to $41.4 million in the fourth quarter of the previous fiscal year. The company continues to explore strategic alternatives to maximize stockholder value.
- Total net revenue was $43.9 million, compared to $41.4 million in the fourth quarter of the previous fiscal year.
- Agribusiness revenue was $42.5 million, compared to $40.1 million in the fourth quarter of last fiscal year.
- The Company recognized $8.9 million of avocado revenue in the fourth quarter of fiscal year 2024, compared to no avocado revenue in the fourth quarter of last fiscal year.
- Operating loss for the fourth quarter of fiscal year 2024 was $2.8 million, compared to operating loss of $9.7 million in the fourth quarter of the previous fiscal year.
Headline financials
Revenue & EPS history
Limoneira · Revenue · Quarterly
$43.9M
Revenue by segment
Limoneira · $41.4M total across 2 segments · Q4 2023
- Agribusiness$40.1M+4.8%96.7%
- Other Operations$1.35M-5.3%3.3%
Forward guidance
The Company expects fresh lemon volumes to be in the range of 5.0 million to 5.5 million cartons for fiscal year 2025. Avocado volumes are expected to be in the range of 7.0 million to 8.0 million pounds for fiscal year 2025.
Tailwinds
- The Company expects fresh lemon volumes to be in the range of 5.0 million to 5.5 million cartons for fiscal year 2025.
- Avocado volumes are expected to be in the range of 7.0 million to 8.0 million pounds for fiscal year 2025.
- The Company expects to receive total proceeds of $180 million from Harvest, LLCB II, LLC and East Area II spread out over seven fiscal years, with approximately $15 million received in fiscal year 2024.
- The Company has 1,000 acres of non-bearing lemons and avocados estimated to become full bearing over the next four to five years, which the Company expects will enable strong organic growth in the coming years.
- Looking ahead, we continue to see a strong EBITDA outlook that is underpinned by plans to expand avocado production by 1,000 acres through fiscal year 2027 to capitalize on robust consumer demand trends.
Headwinds
- During this transition, the Company expects fiscal year 2025 avocado volume to be lower compared to fiscal year 2024 due to the alternate bearing nature of avocado trees.
- Operational results do not take into account anticipated additional gains from asset monetization.
- Factors that may cause future outcomes to differ materially from those foreseen in forward-looking statements include changes in laws, regulations, rules, quotas, tariffs and import laws.
- Weather conditions that affect production, transportation, storage, import and export of fresh product; increased pressure from crop disease, insects and other pests
- Disruption of water supplies or changes in water allocations; disruption in the global supply chain; pricing and supply of raw materials and products; market responses to industry volume pressures
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+0.4%
Avg return
Earnings day
+0.6%
Avg return
5 days after
-0.9%
Avg return
30 days after
60%
40 / 67 earnings
Positive
+28.2%
Q2 2022
Best reaction
-26.8%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +8.6% | +8.5% | — | |
| Q1 2026 | -4.0% | -4.1% | -6.2% | |
| Q4 2025 | -6.5% | -10.4% | +6.1% | |
| Q3 2025 | -5.2% | -3.4% | -7.3% | |
| Q2 2025 | +0.0% | -2.5% | -3.3% | |
| Q1 2025 | -13.3% | -15.0% | -22.3% | |
| Q4 2024 | -5.1% | -7.2% | -14.6% | |
| Q3 2024 | -2.7% | +4.1% | +8.8% | |
| Q2 2024 | +4.1% | -2.8% | -3.1% | |
| Q1 2024 | +4.6% | +4.3% | +9.9% | |
| Q4 2023 | +8.3% | +9.6% | -3.7% | |
| Q3 2023 | -3.9% | -1.5% | -1.9% | |
| Q2 2023 | -5.0% | -5.8% | -2.7% | |
| Q1 2023 | +4.1% | +1.6% | +9.2% | |
| Q4 2022 | -8.5% | -5.2% | -0.4% | |
| Q3 2022 | +11.1% | +8.1% | +4.6% | |
| Q2 2022 | +28.2% | +28.0% | +25.3% | |
| Q1 2022 | -11.1% | -13.3% | -8.7% | |
| Q4 2021 | +0.5% | -3.4% | -11.6% | |
| Q3 2021 | +0.0% | -0.4% | +0.7% | |
| Q2 2021 | +2.0% | -1.9% | -11.6% | |
| Q1 2021 | -1.1% | -0.6% | -6.0% | |
| Q4 2020 | -7.2% | -11.0% | -6.7% | |
| Q3 2020 | +11.1% | +9.2% | +4.0% | |
| Q2 2020 | +2.5% | -1.8% | -9.6% | |
| Q1 2020 | -26.8% | -14.6% | -17.0% | |
| Q4 2019 | +11.6% | +12.9% | +12.8% | |
| Q3 2019 | -1.7% | +4.8% | -4.0% | |
| Q2 2019 | +7.7% | +5.5% | +2.2% | |
| Q1 2019 | +7.9% | +3.6% | +5.0% | |
| Q4 2018 | +0.7% | -3.9% | +4.9% | |
| Q3 2018 | -13.9% | -12.3% | -22.5% | |
| Q2 2018 | +0.7% | +3.8% | +1.2% | |
| Q1 2018 | +1.3% | +10.0% | +12.3% | |
| Q4 2017 | +3.2% | +3.1% | -3.5% | |
| Q3 2017 | -0.9% | -1.2% | +0.1% | |
| Q2 2017 | +4.7% | +9.6% | +14.0% | |
| Q1 2017 | +5.5% | +8.9% | +10.6% | |
| Q4 2016 | +0.4% | -11.9% | -15.3% | |
| Q3 2016 | +12.8% | +12.9% | +13.5% | |
| Q2 2016 | +3.0% | +8.7% | +2.5% | |
| Q1 2016 | +2.4% | — | — | |
| Q4 2015 | +8.5% | — | — | |
| Q3 2015 | -16.9% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q1 2015 | +0.9% | — | — | |
| Q4 2014 | -8.5% | — | — | |
| Q3 2014 | +0.8% | — | — | |
| Q2 2014 | +1.6% | — | — | |
| Q1 2014 | -2.7% | — | — | |
| Q4 2013 | -11.1% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q2 2013 | +3.2% | — | — | |
| Q1 2013 | -4.1% | — | — | |
| Q4 2012 | -4.3% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -4.5% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q4 2009 | +1.3% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2010 | +6.3% | — | — | |
| Q4 2010 | +6.3% | — | — | |
| Q3 2011 | +6.3% | — | — | |
| Q2 2010 | +2.8% | — | — | |
| Q1 2010 | +2.2% | — | — |
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