Overview
Global fresh produce firm's Q4 revenue rose 9.2%, beating analyst expectations
Adjusted EBITDA for Q4 exceeded market expectations
Company announced sale of Ecuador port assets for $75 mln
Outlook
Dole targets fiscal year 2026 Adjusted EBITDA of at least $400 mln
Company forecasts routine capex of approximately $100 mln for 2026
Dole expects 2026 interest expense to be approximately $60 mln
Result Drivers
REVENUE GROWTH - Q4 revenue increased 9.2%, driven by strong operational performance and favorable foreign currency impact
HIGHER FRUIT COSTS - Adjusted EBITDA decreased 2.6% due to higher fruit costs in the Fresh Fruit segment
DECREASED NET INCOME - Adjusted Net Income decreased due to higher depreciation expense
Company press release: ID:nBw4xZPT1a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$2.37 bln
$2.32 bln (3 Analysts)
Q4 Adjusted EPS
Beat
$0.14
$0.13 (3 Analysts)
Q4 Adjusted Net Income
Beat
$13.80 mln
$12.18 mln (3 Analysts)
Q4 Adjusted EBITDA
Beat
$72.70 mln
$69.02 mln (4 Analysts)
Q4 EPS continuing operations
-$0.02
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy."
Wall Street's median 12-month price target for Dole PLC is $18.00, about 12.6% above its February 24 closing price of $15.99
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)