DOLE PLC Reports 123.2% Year-Over-Year Revenue Increase and 4.7% Year-Over-Year Net Income Increase in FY2022 Q4 Earnings Results
March 16, 2023
Earnings Overview
On March 7 2023, DOLE PLC ($NYSE:DOLE) reported their Q4 earnings results for FY2022, with total revenue reaching USD 6.8 million, a 123.2% increase from the same period the previous year, and net income reaching USD 2356.2 million, a 4.7% year-over-year increase.
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I would like to thank our shareholders for their continued support, and I look forward to updating you on our progress in the coming quarters.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dole Plc. More…
| Total Revenues | Net Income | Net Margin |
| 9.23k | 86.5 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dole Plc. More…
| Operations | Investing | Financing |
| 238.89 | -66.5 | -173.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dole Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.59k | 3.27k | 12.24 |
Key Ratios Snapshot
Some of the financial key ratios for Dole Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.4% | 28.5% | 1.4% |
| FCF Margin | ROE | ROA |
| 1.5% | 7.3% | 1.8% |
Stock Price
Despite this impressive financial performance, the stock opened at $12.1 and closed at $11.8, down 2.2% from its previous closing price of $12.1. The positive results were driven by DOLE PLC’s ongoing efforts to expand its product portfolio and develop new products that meet customers’ needs. The company also benefited from robust demand for its products, as well as its cost-cutting measures, which enabled it to remain competitive in the market. The success of DOLE PLC’s FY2022 Q4 earnings results is likely to have a positive impact on the company’s stock price in the coming months.
Moreover, the company’s solid financial performance could attract more investors, making it an attractive option for investors looking for solid returns. This strong performance bodes well for the future of the company and its stock price, which has already seen a 2.2% drop despite the positive news. Live Quote…
Analysis
At GoodWhale, we performed an in-depth analysis of DOLE PLC‘s fundamentals to determine its risk rating. After a thorough review, we found that DOLE PLC is a medium risk investment when it comes to both financial and business aspects. This means that there are potential risks that potential investors should be aware of or need to be addressed. To gain a better understanding of the potential risks, we encourage investors to register with us at goodwhale.com. Here, we have detailed reports on both the business and financial areas with potential risks that can help investors better understand any associated risks before making a decision to invest. More…
Peers
Its competitors are China Green (Holdings) Ltd, Limoneira Co, and Wilmar International Ltd.
– China Green (Holdings) Ltd ($SEHK:00904)
Green (Holdings) Ltd is a leading provider of environmental solutions in China. The company’s main businesses include environmental protection, new energy, and clean technology. Green (Holdings) Ltd has a market cap of 23.22M as of 2022, a Return on Equity of 147.95%. The company’s strong financial performance and market position make it a well-respected name in the industry.
– Limoneira Co ($NASDAQ:LMNR)
Limoneira Co is a citrus grower, packer, and shipper that was founded in 1873. The company owns or leases approximately 11,000 acres of agricultural land in California and Arizona. The company’s operations include the cultivation of lemons, oranges, limes, and other citrus fruits. Limoneira also operates a real estate business that owns, develops, and leases land for agricultural, residential, and commercial purposes.
Limoneira’s market cap is $244.91 million as of 2022. The company has a negative return on equity of -0.24%. Limoneira’s primary business is the cultivation of citrus fruits. The company also owns and leases agricultural land and operates a real estate business.
– Wilmar International Ltd ($SGX:F34)
Founded in 1991, Wilmar International is a Singapore-based agribusiness company that is involved in the production and marketing of edible oils, grains, and palm oil. The company has a market cap of 25.45B as of 2022 and a Return on Equity of 12.11%. Wilmar is the world’s largest palm oil processor and producer, and is also one of the largest manufacturers of palm oil-based biodiesel in the world. The company has operations in over 50 countries, and employs over 90,000 people.
Summary
DOLE PLC reported strong financial results for their FY2022 Q4, with total revenue increasing by 123.2% year-over-year to USD 6.8 million and net income increasing by 4.7% year-over-year to USD 2356.2 million. These impressive figures suggest that DOLE PLC is a very attractive investment opportunity, with the company showing promising growth and financial stability. Investors should further analyze the company’s financials, such as the balance sheet and cash flow statements, to make an informed decision about investing in the company.
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