AgricultureThis year’s California crop has been near flawless, while pricing is up significantly on continued demand strength and import issues from Mexico.
EarningsRevenue, EBITDA, and EPS all met or exceeded estimates, with significant year-over-year growth driven by avocado production which met high expectations.
OperationsLimoneira’s operations continue to show solid improvement, its asset monetization strategy still has room to run, and its avocado expansion strategy is increasingly well considered.