Company Closes Significant Real Estate
Development Joint Venture Deal with The Lewis Group of Companies
with an Additional 554 Residential Homesites at Harvest at
Limoneira
Harvest at Limoneira Approved for an Additional
550 Entitled Lots from 1,500 to 2,050
Company Increases Expected Proceeds from
Harvest at Limoneira by 46% to $180 Million
Company Raises Avocado Volume Guidance for
Fiscal Year 2024
Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR),
a diversified citrus growing, packing, selling and marketing
company with related agribusiness activities and real estate
development operations, today reported financial results for the
second quarter ended April 30, 2024.
Management Comments
Harold Edwards, President and Chief Executive Officer of the
Company, stated, “We recently achieved two significant milestones
related to Harvest at Limoneira (“Harvest”), our real estate
development joint venture with the Lewis Group of Companies
(“Lewis”). First, the joint venture closed an additional 554
homesites, completing Phase 2 of the project. Second, the Santa
Paula City Council approved the joint venture’s proposal to
increase the total number of entitled lots for the project by 550,
or 37%, unlocking further value creation opportunities. Based on
these events and continued increase in the value of land associated
with this project, we have increased our cash flow projections from
the joint venture by 46% and now expect to receive $180 million in
total future proceeds spread out over the next seven years, with
approximately $18 million expected in fiscal year 2024. Our
non-GAAP Adjusted EBITDA of $16.6 million for the second quarter
represents more than double that of the prior year period,
highlighting the continued momentum in Harvest. Additionally, as
part of enhancing stockholder value, we plan to expand our avocado
plantings by 1,000 acres over the next three years to 2,000 acres,
with 223 acres planted in fiscal year 2024. We expect earnings from
Harvest and this planned expansion of our avocado production will
increase our longer-term non-GAAP EBITDA to a range of $45 million
to $55 million by fiscal year 2030, compared to the previous target
of $30 million.”
Fiscal Year 2024 Second Quarter Results
For the second quarter of fiscal year 2024, total net revenue
was $44.6 million, compared to total net revenue of $48.1 million
in the second quarter of the previous fiscal year. Agribusiness
revenue was $43.3 million, compared to $46.7 million in the second
quarter of last fiscal year. Other operations revenue was $1.3
million, compared to $1.4 million in the second quarter of last
fiscal year.
Agribusiness revenue in the second quarter of fiscal year 2024
includes $25.8 million in fresh packed lemon sales, compared to
$26.6 million of fresh packed lemon sales during the same period of
fiscal year 2023. Approximately 1,446,000 cartons of U.S. packed
fresh lemons were sold in aggregate during the second quarter of
fiscal year 2024 at a $17.85 average price per carton, compared to
approximately 1,547,000 cartons sold at a $17.23 average price per
carton during the second quarter of fiscal year 2023. Brokered
lemons and other lemon sales were $3.8 million and $2.5 million, in
the second quarter of fiscal years 2024 and 2023, respectively.
The Company recognized $2.3 million of avocado revenue in the
second quarter of fiscal year 2024, compared to $3.6 million in the
second quarter of last fiscal year. Avocado revenues in the second
quarter of fiscal year 2023 included legal settlement proceeds of
$2.4 million allocated to avocados. Approximately 1,595,000 pounds
of avocados were sold in aggregate during the second quarter of
fiscal year 2024 at a $1.47 average price per pound, compared to
approximately 941,000 pounds sold at a $1.30 average price per
pound during the second quarter of fiscal year 2023.
The Company recognized $1.2 million of orange revenue in the
second quarter of fiscal year 2024, compared to $1.4 million in the
same period of fiscal year 2023. Approximately 66,000 cartons of
oranges were sold during the second quarter of fiscal year 2024 at
a $17.58 average price per carton, compared to approximately 88,000
cartons sold at a $15.72 average price per carton during the second
quarter of fiscal year 2023.
Specialty citrus and other crops revenue was $0.8 million for
the second quarter of fiscal year 2024, compared to $1.0 million in
the same period of fiscal year 2023. During the second quarter of
fiscal years 2024 and 2023, approximately 29,000 and 41,000
40-pound carton equivalents were sold at an average per carton
price of $29.24 and $24.78, respectively.
Farm management revenues were $2.0 million in the second quarter
of fiscal year 2024, compared to $1.4 million in the same period of
fiscal year 2023.
Total costs and expenses in the second quarter of fiscal year
2024 were $49.3 million, compared to $51.9 million in the second
quarter of last fiscal year. The decrease of $2.7 million was
primarily related to the 2023 Cadiz Ranch asset disposal, partially
offset by increases in agribusiness costs and expenses and selling,
general and administrative expenses.
Operating loss for the second quarter of fiscal year 2024 was
$4.7 million, compared to operating loss of $3.9 million in the
second quarter of the previous fiscal year.
Net income applicable to common stock, after preferred
dividends, for the second quarter of fiscal year 2024 was $6.4
million, compared to net loss applicable to common stock of $1.7
million in the second quarter of fiscal year 2023. Net income per
diluted share for the second quarter of fiscal year 2024 was $0.35,
compared to net loss per diluted share of $0.10 for the same period
of fiscal year 2023.
Adjusted net income for diluted EPS in the second quarter of
fiscal year 2024 was $8.1 million or $0.44 per diluted share,
compared to the second quarter of fiscal year 2023 of $3.9 million
or $0.21 per diluted share. A reconciliation of net income (loss)
attributable to Limoneira Company to adjusted net income (loss) for
diluted EPS is provided at the end of this release.
Non-GAAP adjusted EBITDA was $16.6 million in the second quarter
of fiscal year 2024, compared to $6.2 million in the same period of
fiscal year 2023. A reconciliation of net income (loss)
attributable to Limoneira Company to non-GAAP adjusted EBITDA is
provided at the end of this release.
Fiscal Year 2024 First Six Months Results
For the six months ended April 30, 2024, total net revenue was
$84.3 million, compared to $86.0 million for the same period in
fiscal year 2023. The decrease was primarily due to decreased
lemons and avocados agribusiness revenues, partially offset by
increased farm management agribusiness revenues. Operating loss for
the first six months of fiscal year 2024 was $12.4 million,
compared to operating income of $22.0 million in the same period
last fiscal year. Net income applicable to common stock, after
preferred dividends, was $2.7 million for the first six months of
fiscal year 2024, compared to $13.8 million in the same period last
fiscal year. Net income per diluted share for the first six months
of fiscal year 2024 was $0.15, compared to net income per diluted
share of $0.75 in the same period of fiscal year 2023.
For the first six months of fiscal year 2024, adjusted net
income for diluted EPS was $4.8 million compared to adjusted net
loss for diluted EPS of $5.3 million for the same period in fiscal
year 2023. In the first six months of fiscal year 2024, adjusted
net income per diluted share was $0.27 compared to adjusted net
loss per diluted share of $0.30 for the same period in fiscal year
2023, based on approximately 17.7 million and 17.6 million,
respectively, adjusted weighted average diluted common shares
outstanding.
Balance Sheet and Liquidity
For the first half of fiscal year 2024, net cash used in
operating activities was $13.3 million, compared to $18.4 million
in the same period of the prior fiscal year. Net cash used in
investing activities was $2.9 million for the first half of fiscal
year 2024, compared to net cash provided by investing activities of
$95.4 million in the same period last fiscal year. For the first
half of fiscal year 2024, net cash provided by financing activities
was $14.0 million, compared to net cash used in financing
activities of $68.0 million in the prior fiscal year.
On January 31, 2023, the Company sold its Northern Properties,
which resulted in total net proceeds of $98.4 million. The proceeds
were used to pay down all the Company’s domestic debt except the
AgWest Farm Credit $40.0 million non-revolving line of credit with
an interest rate that is fixed at 3.57% through July 1, 2025.
Long-term debt as of April 30, 2024, was $59.5 million, compared to
$40.6 million at the end of fiscal year 2023. Debt levels as of
April 30, 2024, less $1.4 million of cash on hand, resulted in a
net debt position of $58.7 million at quarter end. However, as
previously noted, the Company’s 50%/50% real estate development
joint venture with Lewis closed an additional 554 residential
homesites in April 2024. The joint venture distributed $30.0
million in June 2024, of which Limoneira received $15.0 million. As
of April 30, 2024, the joint venture had $102.1 million of
unaudited cash and cash equivalents on hand.
Real Estate Development and Property Sales
The Company’s joint venture with Lewis for the residential
development of its Harvest real estate development project was
previously approved for approximately 1,500 total residential units
built and sold over the life of the project. In October 2023, the
joint venture closed on lot sales representing 121 residential
units, thus completing the sell-out of Phase 1 of the development.
In April 2024, the joint venture closed on lot sales representing
554 residential units, thus completing the sell-out of Phase 2 of
the development. Total lot sales of 1,261 residential units have
closed since the project’s inception. In May 2024, the Company
announced that the Santa Paula City Council has approved the
proposal brought forward by the joint venture to increase the total
number of residential units for the project from 1,500 to 2,050
units. The 550-unit increase will provide 250 additional single
family for-sale homesites within Phase 3 of Harvest. A separate
joint venture with Lewis plans to construct 300 multi-family rental
homes on a mixed-use portion of the project.
Updated Guidance
The Company continues to expect fresh lemon volumes to be in the
range of 5.0 million to 5.5 million cartons for fiscal year
2024.
The Company now expects avocado volumes to be in the range of
9.0 million to 10.0 million pounds for fiscal year 2024, compared
to previous guidance of 7.0 million to 8.0 million pounds.
Due to the additional lots and the increased value of the
overall projects, the Company now expects to receive total future
proceeds of $180 million, a 46% increase from previous expectation,
from Harvest at Limoneira, LLCB II and East Area II spread out over
the next seven fiscal years.
Updated Harvest at Limoneira Cash Flow Projections (in
millions)
Fiscal Year
2024
2025
2026
2027
2028
2029
2030
Projected Distributions
$18
$8
$15
$34
$41
$22
$42
The Company has 700 acres of non-bearing lemons and avocados
estimated to become full bearing over the next four to five years,
which the Company expects will enable strong organic growth in the
coming years. Additionally, the Company plans to expand its
plantings of avocados over the next three years and expects to have
an increase in third-party grower fruit. The foregoing describes
organic growth opportunities and does not include potential
acquisition opportunities for the Company in its highly fragmented
industry.
Looking ahead, the Company is raising its outlook for non-GAAP
EBITDA accretion to a range of $45 million to $55 million by fiscal
year 2030, up from its previous target of $30 million. This
increase is underpinned by plans to significantly expand avocado
production by 1,000 acres over the next three years to capitalize
on robust consumer demand trends. During this transition, the
Company expects FY 2025 and FY 2026 operational results to be
similar to FY 2024. These operational results do not take into
account expected additional earnings from Harvest at Limoneira.
Conference Call Information
The Company will host a conference call to discuss its financial
results on June 6, 2024, at 1:30 pm Pacific Time (4:30 pm Eastern
Time). Investors interested in participating in the live call can
dial (877) 407-0789 from the U.S. International callers can dial
(201) 689-8562. A telephone replay will be available approximately
two hours after the call concludes and will be available through
June 20, 2024, by dialing (844) 512-2921 from the U.S., or (412)
317-6671 from international locations; the passcode is
13746562.
About Limoneira Company
Limoneira Company, a 131-year-old international agribusiness
headquartered in Santa Paula, California, has grown to become one
of the premier integrated agribusinesses in the world. Limoneira
(lē moñ âra) is a dedicated sustainability company with 10,500
acres of rich agricultural lands, real estate properties and water
rights in California, Arizona, Chile and Argentina. The Company is
a leading producer of lemons, avocados and other crops that are
enjoyed throughout the world. For more about Limoneira Company,
visit www.limoneira.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are based on Limoneira’s
current expectations about future events and can be identified by
terms such as “expect,” “may,” “anticipate,” “intend,” “should be,”
“will be,” “is likely to,” “strive to,” and similar expressions
referring to future periods.
Limoneira believes the expectations reflected in the
forward-looking statements are reasonable but cannot guarantee
future results, level of activity, performance or achievements.
Actual results may differ materially from those expressed or
implied in the forward-looking statements. Therefore, Limoneira
cautions you against relying on any of these forward-looking
statements. Factors that may cause future outcomes to differ
materially from those foreseen in forward-looking statements
include, but are not limited to: success in executing the Company’s
business plans and strategies, including the review and evaluation
of strategic transactions; the process by which the Company engages
in its evaluation of strategic transactions; the outcome of
potential future strategic transactions and the terms thereof; the
possibility that the evaluation of potential strategic transactions
will not realize any additional value to our stockholders, and
managing the risks involved in the foregoing; additional impacts
from the current COVID-19 pandemic, changes in laws, regulations,
rules, quotas, tariffs and import laws; weather conditions that
affect production, transportation, storage, import and export of
fresh product; increased pressure from crop disease, insects and
other pests; disruption of water supplies or changes in water
allocations; disruption in the global supply chain; pricing and
supply of raw materials and products; market responses to industry
volume pressures; pricing and supply of energy; changes in interest
and currency exchange rates; availability of financing for land
development activities; political changes and economic crises;
international conflict; acts of terrorism; labor disruptions,
strikes or work stoppages; loss of important intellectual property
rights; inability to pay debt obligations; inability to engage in
certain transactions due to restrictive covenants in debt
instruments; government restrictions on land use; and market and
pricing risks due to concentrated ownership of stock. Other risks
and uncertainties include those that are described in Limoneira’s
SEC filings that are available on the SEC’s website at
http://www.sec.gov. Limoneira undertakes no obligation to
subsequently update or revise the forward-looking statements made
in this press release, except as required by law.
LIMONEIRA COMPANY
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(in thousands, except share and
per share data)
April 30, 2024
October 31, 2023
Assets
Current assets:
Cash
$
1,402
$
3,631
Accounts receivable, net
22,516
14,458
Cultural costs
3,430
2,334
Prepaid expenses and other current
assets
4,539
5,588
Receivables/other from related parties
2,943
4,214
Total current assets
34,830
30,225
Property, plant and equipment, net
160,683
160,631
Real estate development
9,995
9,987
Equity in investments
95,669
78,816
Goodwill
1,505
1,512
Intangible assets, net
6,210
6,657
Other assets
13,293
13,382
Total assets
$
322,185
$
301,210
Liabilities, Convertible Preferred
Stock and Stockholders' Equity
Current liabilities:
Accounts payable
$
9,934
$
9,892
Growers and suppliers payable
10,566
9,629
Accrued liabilities
11,258
8,651
Payables to related parties
5,139
4,805
Current portion of long-term debt
626
381
Total current liabilities
37,523
33,358
Long-term liabilities:
Long-term debt, less current portion
59,503
40,628
Deferred income taxes
21,378
22,172
Other long-term liabilities
4,019
4,555
Total liabilities
122,423
100,713
Commitments and contingencies
—
—
Series B Convertible Preferred Stock –
$100.00 par value (50,000 shares authorized: 14,790 shares issued
and outstanding at April 30, 2024 and October 31, 2023) (8.75%
coupon rate)
1,479
1,479
Series B-2 Convertible Preferred Stock –
$100.00 par value (10,000 shares authorized: 9,300 shares issued
and outstanding at April 30, 2024 and October 31, 2023) (4%
dividend rate on liquidation value of $1,000 per share)
9,331
9,331
Stockholders' equity:
Series A Junior Participating Preferred
Stock – $0.01 par value (20,000 shares authorized: zero issued or
outstanding at April 30, 2024 and October 31, 2023)
—
—
Common Stock – $0.01 par value (39,000,000
shares authorized: 18,223,633 and 18,192,009 shares issued and
17,972,656 and 17,941,032 shares outstanding at April 30, 2024 and
October 31, 2023, respectively)
180
179
Additional paid-in capital
168,540
168,441
Retained earnings
19,050
19,017
Accumulated other comprehensive loss
(6,370
)
(5,666
)
Treasury stock, at cost, 250,977 shares at
April 30, 2024 and October 31, 2023
(3,493
)
(3,493
)
Noncontrolling interest
11,045
11,209
Total stockholders' equity
188,952
189,687
Total liabilities, convertible preferred
stock and stockholders' equity
$
322,185
$
301,210
LIMONEIRA COMPANY
CONSOLIDATED STATEMENTS OF
OPERATIONS (UNAUDITED)
(in thousands, except per share
data)
Three Months Ended
April 30,
Six Months Ended
April 30,
2024
2023
2024
2023
Net revenues:
Agribusiness
$
43,257
$
46,676
$
81,596
$
83,204
Other operations
1,349
1,394
2,741
2,767
Total net revenues
44,606
48,070
84,337
85,971
Costs and expenses:
Agribusiness
40,436
38,189
79,550
79,430
Other operations
1,429
1,009
2,611
2,247
Loss (gain) on disposal of assets, net
48
8,998
(117
)
(30,744
)
Gain on legal settlement
—
(2,269
)
—
(2,269
)
Selling, general and administrative
7,368
6,005
14,713
15,285
Total costs and expenses
49,281
51,932
96,757
63,949
Operating (loss) income
(4,675
)
(3,862
)
(12,420
)
22,022
Other income (expense):
Interest income
14
62
36
70
Interest (expense), net of patronage
dividends
(351
)
996
(558
)
(176
)
Equity in earnings of investments, net
16,592
62
16,633
315
Other income (expense), net
197
200
219
(2,412
)
Total other income (expense)
16,452
1,320
16,330
(2,203
)
Income (loss) before income tax
(provision) benefit
11,777
(2,542
)
3,910
19,819
Income tax (provision) benefit
(5,222
)
912
(1,032
)
(5,915
)
Net income (loss)
6,555
(1,630
)
2,878
13,904
Net loss attributable to noncontrolling
interest
12
17
104
114
Net income (loss) attributable to
Limoneira Company
6,567
(1,613
)
2,982
14,018
Preferred dividends
(126
)
(126
)
(251
)
(251
)
Net income (loss) applicable to common
stock
$
6,441
$
(1,739
)
$
2,731
$
13,767
Basic net income (loss) per common
share
$
0.36
$
(0.10
)
$
0.15
$
0.77
Diluted net income (loss) per common
share
$
0.35
$
(0.10
)
$
0.15
$
0.75
Weighted-average common shares
outstanding-basic
17,707
17,597
17,677
17,587
Weighted-average common shares
outstanding-diluted
18,362
17,597
17,677
18,328
Non-GAAP Financial Measures
Due to significant depreciable assets associated with the nature
of the Company's operations and interest costs associated with our
capital structure, management believes that earnings before
interest, income taxes, depreciation and amortization ("EBITDA")
and adjusted EBITDA, which excludes stock-based compensation,
pension settlement cost, loss (gain) on disposal of assets, net,
cash bonus related to sale of assets, gain on legal settlement and
severance benefits are important measures to evaluate our results
of operations between periods on a more comparable basis. Such
measurements are not prepared in accordance with U.S. generally
accepted accounting principles ("GAAP") and should not be construed
as an alternative to reported results determined in accordance with
GAAP. The non-GAAP information provided is unique to the Company
and may not be consistent with methodologies used by other
companies.
EBITDA and adjusted EBITDA are summarized and reconciled to net
income (loss) attributable to Limoneira Company, which management
considers to be the most directly comparable financial measure
calculated and presented in accordance with GAAP, as follows (in
thousands):
Three Months Ended
April 30,
Six Months Ended
April 30,
2024
2023
2024
2023
Net income (loss) attributable to
Limoneira Company
$
6,567
$
(1,613
)
$
2,982
$
14,018
Interest income
(14
)
(62
)
(36
)
(70
)
Interest expense, (net of patronage
dividends)
351
(996
)
558
176
Income tax provision (benefit)
5,222
(912
)
1,032
5,915
Depreciation and amortization
2,100
2,044
4,158
4,491
EBITDA
14,226
(1,539
)
8,694
24,530
Stock-based compensation
1,071
965
1,935
2,029
Pension settlement cost
—
—
—
2,741
Loss (gain) on disposal of assets, net
48
8,998
(117
)
(30,744
)
Cash bonus related to sale of assets
—
—
—
2,000
Gain on legal settlement
—
(2,269
)
—
(2,269
)
Severance benefits
1,215
—
1,215
—
Adjusted EBITDA
$
16,560
$
6,155
$
11,727
$
(1,713
)
The following is a reconciliation of net income (loss)
attributable to Limoneira Company to adjusted net income (loss) for
diluted EPS (in thousands, except per share data):
Three Months Ended
April 30,
Six Months Ended
April 30,
2024
2023
2024
2023
Net income (loss) attributable to
Limoneira Company
$
6,567
$
(1,613
)
$
2,982
$
14,018
Effect of preferred stock and unvested,
restricted stock
(127
)
(66
)
(335
)
(288
)
Stock-based compensation
1,071
965
1,935
2,029
Pension settlement cost
—
—
—
2,741
Loss (gain) on disposal of assets, net
48
8,998
(117
)
(30,744
)
Cash bonus related to sale of assets
—
—
—
2,000
Gain on legal settlement
—
(2,269
)
—
(2,269
)
Severance benefits
1,215
—
1,215
—
Tax effect of adjustments at federal and
state rates
(640
)
(2,101
)
(832
)
7,168
Adjusted net income (loss) for diluted
EPS
$
8,134
$
3,914
$
4,848
$
(5,345
)
Diluted net income (loss) per common
share
$
0.35
$
(0.10
)
$
0.15
$
0.75
Adjusted diluted net income (loss) per
common share
$
0.44
$
0.21
$
0.27
$
(0.30
)
Weighted-average common shares outstanding
- diluted
18,362
17,597
17,677
18,328
Effect of preferred stock
—
741
—
(741
)
Adjusted weighted-average common shares
outstanding - diluted
18,362
18,338
17,677
17,587
Supplemental Information (in thousands, except acres and
average price amounts):
Agribusiness Segment
Information for the Three Months Ended April 30, 2024
Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Revenues from external customers
$
30,841
$
4,964
$
—
$
2,348
$
5,104
$
43,257
Intersegment revenue
—
10,914
(10,914
)
—
—
—
Total net revenues
30,841
15,878
(10,914
)
2,348
5,104
43,257
Costs and expenses
28,869
13,588
(10,914
)
1,425
5,680
38,648
Depreciation and amortization
—
—
—
—
—
1,788
Operating income (loss)
$
1,972
$
2,290
$
—
$
923
$
(576
)
$
2,821
Agribusiness Segment
Information for the Three Months Ended April 30, 2023
Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Revenues from external customers
$
31,942
$
6,423
$
—
$
3,603
$
4,708
$
46,676
Intersegment revenue
—
10,309
(10,309
)
—
—
—
Total net revenues
31,942
16,732
(10,309
)
3,603
4,708
46,676
Costs and expenses
29,219
12,075
(10,309
)
1,023
4,441
36,449
Depreciation and amortization
—
—
—
—
—
1,740
Operating income
$
2,723
$
4,657
$
—
$
2,580
$
267
$
8,487
Lemons
Q2 2024
Q2 2023
Lemon Packing
Q2 2024
Q2 2023
United States:
Cartons packed and sold
1,446
1,547
Acres harvested
1,900
3,600
Revenue
$
15,878
$
16,732
Limoneira cartons sold
347
782
Direct costs
13,588
12,075
Third-party grower cartons sold
1,099
765
Operating income
$
2,290
$
4,657
Average price per carton
$
17.85
$
17.23
Avocados
Q2 2024
Q2 2023
Chile:
Pounds sold
1,595
941
Lemon revenue
$
1,900
$
2,500
Average price per pound
$
1.47
$
1.30
40-pound carton equivalents
189
390
Other Agribusiness
Q2 2024
Q2 2023
Other:
Orange cartons sold
66
88
Lemon packing
$
5,000
$
6,400
Average price per carton
$
17.58
$
15.72
Lemon by-product sales
$
1,200
$
1,300
Specialty citrus cartons sold
29
41
Brokered lemons and other lemon sales
$
1,900
$
1,400
Average price per carton
$
29.24
$
24.78
Farm management
$
2,046
$
1,404
Agribusiness costs and expenses
Q2 2024
Q2 2023
Other
$
1,059
$
905
Packing costs
$
13,588
$
12,075
Harvest costs
2,878
6,307
Growing costs
5,462
5,949
Third-party grower and supplier costs
15,939
11,360
Other costs
781
758
Depreciation and amortization
1,788
1,740
Agribusiness costs and expenses
$
40,436
$
38,189
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240606352364/en/
Investors John Mills Managing Partner ICR
646-277-1254
Limoneira (NASDAQ:LMNR)
Historical Stock Chart
From Oct 2024 to Nov 2024
Limoneira (NASDAQ:LMNR)
Historical Stock Chart
From Nov 2023 to Nov 2024
