DOLE PLC Reports FY2022 Q4 Earnings Results as of December 31 2022 on March 7 2023.
March 20, 2023
Earnings Overview
On March 7, 2023, DOLE PLC ($NYSE:DOLE) reported its fourth-quarter earnings results for the fiscal year ending December 31, 2022. Total revenue for the period was USD 6.8 million, representing a 123.2% year-over-year increase, and net income was USD 2356.2 million, with a 4.7% year-over-year increase.
Transcripts Simplified
Overall, Dole PLC reported solid results with revenue growth, increased operating income and net income, as well as a strong share buyback program. The company’s outlook for the fourth quarter remains positive and investors should keep an eye on any updates from management.
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% |
Price History
On Tuesday, March 7 2023, DOLE PLC reported its fourth quarter earnings results for the fiscal year 2022 ending December 31 2022. At the open of market, DOLE PLC’s stock opened at $12.1, however, by close of market, DOLE PLC’s stock had fallen by 2.2% to $11.8, down from its previous closing price of 12.1. This decrease in the stock price is attributed to the company’s lower than expected earnings results. The decrease in net income was primarily attributed to higher costs associated with the production and sale of products.
This was due to higher operating efficiency, which allowed the company to reduce operating costs. Overall, while DOLE PLC’s Q4 earnings results were lower than expected and its stock price fell by 2.2%, the company was able to remain profitable with higher gross profits and an increased dividend payment. Moving forward, the company is expected to focus on increasing operational efficiency and reducing costs in order to improve its financial performance in the future. Live Quote…
Analysis
At GoodWhale, we performed an analysis of DOLE PLC‘s wellbeing. After a thorough review of the company’s financial and business aspects, we determined that DOLE PLC is a medium risk investment. While there are some areas that present potential risks, overall, the company appears to be in a good position. If you are looking to make an investment in DOLE PLC, we strongly recommend that you register with us. Through our platform, you will be able to check out the business and financial areas with potential risks in order to make an informed decision. Moreover, we provide a comprehensive service that will allow you to monitor your investments and make sound decisions in the future. More…
Peers
Its competitors are China Green (Holdings) Ltd, Limoneira Co, and Wilmar International Ltd.
– China Green (Holdings) Ltd ($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
Investors in DOLE PLC have been rewarded recently, as the company reported record-breaking fourth quarter earnings for FY2022 on March 7, 2023. Total revenue surged 123.2% year-over-year to USD 6.8 million and net income grew 4.7% to USD 2356.2 million. This marks a positive trend for the company and signals strength in the market for their products. This news is likely to further bolster investor confidence in the company and should lead to further gains in the stock price.
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