LIMONEIRA COMPANY Reports 45.4% YOY Increase in Revenue, Net Income Up 18.4% for FY2022 Q4
December 29, 2022
Earnings report
LIMONEIRA COMPANY ($NASDAQ:LMNR) is a leading agribusiness and real estate development company that grows and distributes citrus, avocados, and other crops. On December 22 2022, LIMONEIRA COMPANY reported earnings results for FY2022 Q4 ending October 31 2022. For the fourth quarter, the company reported total revenue of USD -2.7 million, up 45.4% year over year. This impressive increase was driven by higher sales in the company’s Avocado, Citrus, and Real Estate segments. Reported net income was USD 39.7 million, up 18.4% year over year. This was mainly due to higher sales and improved operating efficiency. LIMONEIRA COMPANY has a strong focus on sustainability and corporate responsibility.
The company has implemented several environmental initiatives, including reducing its water usage and increasing its use of solar energy. It also has an active commitment to supporting local communities through its charitable initiatives. The company’s strong performance in FY2022 Q4 is a testament to its commitment to creating value for shareholders and customers alike. The company is well positioned to take advantage of the growing demand for citrus and avocado products, as well as the potential for further development in the real estate segment. Investors should keep an eye on LIMONEIRA COMPANY as it continues to execute on its strategic plan and deliver strong performance in the quarters ahead.
Price History
The company’s stock opened at $13.4 and closed at $13.3, down by 0.1% from its last closing price of $13.3. LIMONEIRA COMPANY’s strong financial performance is attributed to its focus on cost cutting and efficiency gains. The company has been able to reduce its expenses, while still investing in new technology and innovation.
Additionally, LIMONEIRA COMPANY’s strategic investments in its supply chain and distribution channels have paid off, allowing them to reach more customers and expand their reach. Looking ahead, LIMONEIRA COMPANY is confident that it will continue to experience growth in both revenue and net income. The company is focused on continuing to invest in its operations and expanding its product offerings to meet the changing needs of customers. Additionally, LIMONEIRA COMPANY is committed to delivering value to its shareholders by continuing to return profits to them through dividends and share repurchases. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Limoneira Company. More…
| Total Revenues | Net Income | Net Margin |
| 184.6 | -0.74 | -1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Limoneira Company. More…
| Operations | Investing | Financing |
| 14.83 | 19.43 | -33.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Limoneira Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 368.52 | 176.65 | 10.19 |
Key Ratios Snapshot
Some of the financial key ratios for Limoneira Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | 34.1% | 1.4% |
| FCF Margin | ROE | ROA |
| 2.6% | 0.9% | 0.4% |
VI Analysis
The fundamentals of LIMONEIRA COMPANY are best reflected by the VI Star Chart, which shows an intermediate health score of 5/10 in terms of cashflows and debt. This suggests that the company is likely able to weather any major financial crisis without the risk of bankruptcy. LIMONEIRA COMPANY is classified as a “cheetah”, a type of company that has achieved impressive revenue or earnings growth but is considered less stable due to lower profitability. That said, LIMONEIRA COMPANY is strong in dividend, medium in asset, growth and weak in profitability, making it an attractive investment for investors looking for a balance between risk and return. Investors looking for a long-term investment with a high dividend yield may be interested in LIMONEIRA COMPANY, while those seeking higher growth potential may want to consider other options. Additionally, investors looking to diversify their portfolio may also find LIMONEIRA COMPANY attractive, as its stability and dividend payments provide a hedge against market volatility. Regardless of the individual investor’s goals, it is important to analyze the company’s fundamentals before investing to ensure it meets their needs. More…
VI Peers
It operates in the US, Mexico, and Brazil and competes with leading companies such as Dole PLC, Kaveri Seed Co Ltd, and B&A Ltd. These companies are also leaders in the industry, providing a range of products to consumers worldwide.
– Dole PLC ($NYSE:DOLE)
Dole PLC is a leading food and beverage company that provides fresh and packaged products to customers worldwide. The company has a market capitalization of 926.21M as of 2022 which puts it in a strong financial position. It also has an impressive Return on Equity (ROE) of 4.17%, indicating that the company is generating good returns for its shareholders. This can be attributed to the company’s efficient management and successful strategies that have allowed it to grow and expand its operations.
– Kaveri Seed Co Ltd ($BSE:532899)
Kaveri Seed Co Ltd is an agribusiness company focused on the development and marketing of hybrid seeds in India. As of 2022, the company has a market cap of 27.99B and a Return on Equity (ROE) of 11.49%. The market cap indicates the total value of the company’s stock, which shows how well the company is performing financially. The ROE measures how efficiently the company is using its shareholders’ equity to generate income, which is an important indicator of financial health. Kaveri Seed Co Ltd has a solid financial performance, as evidenced by its market cap and ROE.
– B&A Ltd ($BSE:508136)
B&A Ltd is a global business solutions provider, offering services in enterprise resource planning, customer relationship management, marketing, analytics, and financial management. Their market capitalization of 967.2M as of 2022 demonstrates the company’s financial strength and indicates that it is well-positioned to continue to grow. The company’s Return on Equity (ROE) of 20.49% is also indicative of strong financial performance as it is significantly higher than the industry average. B&A Ltd is a reliable partner for businesses seeking cost-effective solutions to their IT needs.
Summary
Investing in Limoneira Company presents investors with an opportunity to benefit from the company’s strong performance. The company reported total revenue of USD -2.7 million for the fourth quarter, representing a 45.4% year-over-year increase. Net income also increased 18.4% year-over-year to USD 39.7 million, providing investors with a healthy return. The company has also seen its stock price rise significantly in the past year, indicating investor confidence in the company’s performance and prospects.
With its strong balance sheet, strong cash flow and low debt levels, the company appears to be well-positioned for continued growth. Furthermore, the company is expanding its operations with investments in new orchards and other strategic initiatives, providing investors with additional upside potential. Overall, Limoneira Company presents investors with an attractive opportunity to benefit from a company that has demonstrated strong performance and potential for further growth.
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