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Dole (DOLE)
NYSE:DOLE
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.08Last Year’s EPS
$0.16Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -17.91%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with notable achievements such as revenue growth, adjusted EBITDA performance, and debt reduction, complemented by challenges including a decline in net income, adjusted EBITDA in certain segments, and supply and cost challenges.Company Guidance
During the third quarter of 2024, Dole Plc demonstrated positive financial momentum, with a reported revenue increase of 1% and a like-for-like increase of 5.8%. The company's adjusted EBITDA for the quarter was $82 million, marking a 2.3% rise on a like-for-like basis, driven by strong performance in the Diversified Americas segment. In terms of capital management, Dole reduced its debt by $36 million despite significant capital investment. The Fresh Fruit segment reported an adjusted EBITDA of $42.9 million, slightly down from the previous year but still exceeding internal expectations. The quarter also witnessed strategic decisions such as the expansion of Dole's shipping fleet through the acquisition of two chartered vessels, enhancing operational flexibility. Despite challenges in the Diversified EMEA segment due to seasonal timing differences and IT costs, the company maintained strong revenue growth. Additionally, Dole announced a dividend of $0.08 per share for Q3 and raised its full-year adjusted EBITDA target to at least $380 million.Revenue Growth
Reported revenue increased by 1% and 5.8% on a like-for-like basis, driven by strong operational performance across all segments.
Adjusted EBITDA Performance
Adjusted EBITDA of $82 million was 2.3% ahead of the prior year on a like-for-like basis, driven by strong performance in the Diversified Americas segment.
Debt Reduction
The company's leverage reduced further with a $36 million decrease in absolute debt levels despite high capital investments.
Fresh Vegetables Business Improvement
The Fresh Vegetables business is on track to deliver positive operating income each quarter of 2024.
Fleet Expansion
Secured an agreement to expand the shipping fleet by bringing two vessels under ownership in early 2025.
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DOLE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DOLE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $16.69 | $14.90 | -10.72% |
| Aug 14, 2024 | $14.40 | $14.63 | +1.60% |
| May 15, 2024 | $12.05 | $12.50 | +3.73% |
| Feb 29, 2024 | $10.86 | $11.53 | +6.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dole (DOLE) report earnings?
Dole (DOLE) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Dole (DOLE) earnings time?
Dole (DOLE) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DOLE EPS forecast?
DOLE EPS forecast for the fiscal quarter 2024 (Q4) is $0.08.
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