Limoneira (LMNR) Leans On Avocados And Land Deals As Lemons Slump
Limoneira (LMNR) reported Q3 revenue of $43.8M, down from $47.5M YoY, but adjusted EBITDA rose to $3.9M. Lemon prices increased, and avocado volume surpassed expectations. The company is focusing on selling land, water rights, and real estate, targeting $200M in proceeds. Long-term debt rose to $100.7M, and GAAP net loss widened to $0.17 per share.



