Dole Sells Guayaquil Port Operations for $75 Million, to Maintain Access Through Service Agreement

Dole PLC has sold its port operations in Guayaquil, Ecuador for $75 million, maintaining port access through a service agreement. This strategic move aligns with Dole's focus on optimizing operations and financial performance. The company generates maximum revenue from the Diversified Fresh Produce - EMEA segment, which encompasses Dole's operations in various European and South American countries. Dole's revenue for the trailing twelve months stands at $8.97 billion, with a modest 3-year revenue growth rate of 2.6%. The company maintains a gross margin of 7.96% and an operating margin of 2.51%, indicating a stable but narrow profitability profile. Dole's current ratio is 1.21, reflecting adequate liquidity, while the debt-to-equity ratio of 0.96 suggests a balanced capital structure.