Limoneira Posts $3M Q3 Loss, Raises Avocado Guidance, Confirms $15M Land Sale
LMNR is trading near its 52-week low of $11.665 (14% above the low).
Summary
Limoneira reported a Q3 FY2026 net loss of $3.0 million, or $0.17 per share, on revenue of $43.8 million, down from $47.5 million a year ago and missing analyst estimates due to a brokerage transition. The loss widened from $1.0 million in Q3 2025, driven by lower lemon volumes and a $4.1 million impairment on Windfall Farms. Adjusted EBITDA improved to $3.9 million from $3.0 million, and the company raised avocado volume guidance to 7.0-7.25 million pounds from 5.5-6.5 million, while lowering lemon volume expectations to the lower end of 4.0-4.5 million cartons. Management confirmed the $15 million Windfall Farms sale is expected to close September 14, 2026, and expects a Colorado River water rights monetization event in FY2026. The company also announced an additional $2.0 million in insurance proceeds to be received in Q4.
At the time of this announcement, LMNR was trading at $13.32 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $270.9M. The 52-week trading range was $11.67 to $16.44. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.