Limoneira Narrows Q3 Loss, Lifts Avocado Outlook, and Confirms $15M Windfall Farms Sale
LMNR sits 17% above its 52-week low of $11.665.
Summary
Limoneira posted a $3.0M Q3 FY2026 net loss and raised avocado guidance, while confirming the $15M Windfall Farms sale is on track to close September 14.
Key Events · Earnings and Guidance · LMNR
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Q3 Net Loss of $3.0M
Total net revenues fell to $43.8M from $47.5M a year ago, driven by lower brokered lemon sales after the Sunkist transition. Net loss applicable to common stock was $3.0M, or $0.17 per diluted share.
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Adjusted EBITDA Rises 30%
Non-GAAP adjusted EBITDA was $3.9M in Q3 FY2026, up from $3.0M in Q3 FY2025, reflecting higher agribusiness operating income and SG&A savings.
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Avocado Guidance Raised, Lemon Lowered
FY2026 avocado volume guidance increased to 7.0-7.25M pounds from 5.5-6.5M pounds. Lemon volume guidance narrowed to the lower end of 4.0-4.5M cartons due to higher imports.
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Windfall Farms Sale Closing September 14
The $15M all-cash sale of the Paso Robles vineyard property is expected to close September 14, 2026, subject to customary conditions. The company recorded $13.5M in aggregate impairment charges on the property.
Analysis · LMNR · Industrial Applications And Services
A narrower Q3 net loss of $3.0 million, down from the prior year's $1.0 million loss, came alongside a 30% rise in adjusted EBITDA to $3.9 million. The company raised its FY2026 avocado volume guidance to 7.0-7.25 million pounds while trimming lemon volume expectations to the lower end of its prior range. The $15 million Windfall Farms sale is expected to close September 14, 2026, offering near-term liquidity against $100.7 million in long-term debt and a $34 million nine-month net loss.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 30% of the 1972 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LMNR was trading at $13.60 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $270.9M. The 52-week trading range was $11.67 to $16.44. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.