DOLE PLC Reports Q4 FY2022 Earnings Results for Period Ending December 31 2022
April 2, 2023
Earnings Overview
On March 7 2023, DOLE PLC ($NYSE:DOLE) reported its Q4 FY2022 earnings results for the period ending December 31 2022. There was a 123.2% year-over-year increase in total revenue, which amounted to USD 6.8 million. Net income was USD 2356.2 million, a 4.7% rise from the prior year’s quarter.
Transcripts Simplified
The company continued to capitalize on new growth opportunities and expanded its product portfolio over the course of the year. Dole also invested heavily in digital capabilities to enhance its customer experience and drive growth in key markets. Looking ahead, Dole PLC expects to continue to benefit from its focus on operational efficiencies and cost savings, as well as its investments in digital capabilities.
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% |
Share Price
The stock opened at $12.1 and closed at $11.8, representing a 2.2% decrease from its prior closing price of $12.1. This increase was largely due to higher demand for the company’s products and services in overseas markets. Additionally, the company was able to reduce its expenses by 3%, which helped to offset some of the decline in income. The results were in line with analysts’ expectations and the stock remains relatively stable after the announcement. Live Quote…
Analysis
As GoodWhale, we have analyzed the financials of DOLE PLC and found that their Star Chart shows that they are strong in growth, and medium in asset, dividend, and profitability. We have classified DOLE PLC as a ‘cheetah’ type of company, meaning they have achieved high revenue or earnings growth but their stability is lower due to their lower profitability. Given their performance, we believe that this type of company may be attractive to investors who are more focused on growth potential than stability. In addition, despite their rapid growth, we can see from their health score of 7/10 that DOLE PLC is capable of riding out any crises safely without the risk of bankruptcy. More…
Peers
Its competitors are China Green (Holdings) Ltd, Limoneira Co, and Wilmar International Ltd.
– China Green (Holdings) Ltd ($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 is an attractive investment opportunity due to its strong financials. The company reported USD 6.8 million in total revenue for the fourth quarter of 2022, a 123.2% year-over-year increase. Net income was reported at USD 2356.2 million, up 4.7% from the prior year.
Furthermore, the company has no long-term debt, which suggests that it is in a strong financial position. In conclusion, DOLE PLC has solid financials and is an attractive investment opportunity.
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