Dole beats Q3 revenue estimates, announces $100 mln buyback
Overview
Dole Q3 revenue rises 10.5%, beating analyst expectations
Adjusted EPS and net income for Q3 missed analyst estimates
Company announces $100 mln share repurchase program
Outlook
Dole expects full-year 2025 Adjusted EBITDA at upper end of $380 mln to $390 mln range
Company reduces 2025 routine capital expenditure guidance to approximately $85 mln
Dole expects full-year 2025 interest expense to be about $67 mln
Result Drivers
DIVERSIFIED SEGMENTS - Strong performance in Diversified Fresh Produce segments offset declines in Fresh Fruit
FRESH VEGETABLES SALE - Sale of Fresh Vegetables division provided financial flexibility, reducing net debt
REVENUE GROWTH - Revenue increased due to positive operational performance and favorable foreign currency impacts
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $2.28 bln | $2.15 bln (3 Analysts) |
Q3 Adjusted EPS | Miss | $0.16 | $0.17 (3 Analysts) |
Q3 Adjusted Net Income | Miss | $15 mln | $16.71 mln (3 Analysts) |
Q3 Adjusted EBITDA | Beat | $80.80 mln | $78.21 mln (4 Analysts) |
Q3 EPS continuing operations | $0.16 |
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 27% above its November 7 closing price of $13.14
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release:
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.