Dole plc to Discuss Mid-2025 Financial Results

Dole plc will discuss its mid-2025 financial results in an upcoming webcast on August 11, 2025. The company operates in the agricultural industry, primarily focusing on the production and distribution of fresh fruits and vegetables. Dole is a significant player in the global market, with operations that span across various countries. The latest analyst rating on Dole stock is a Buy with a $20.00 price target.

Dole plc (NYSE: DOLE), a leading global producer and distributor of fresh fruits and vegetables, released its financial results for the second quarter of 2025. The company reported strong performance across all segments, with notable growth in revenue and adjusted EBITDA.

Key Financial Highlights:

- Revenue: Revenue for the three months ended June 30, 2025, was $2.4 billion, an increase of 14.3% compared to the same period last year. On a like-for-like basis, revenue increased by 12.1%.
- Net Income: Net income decreased to $18.0 million, primarily due to a loss in the Fresh Vegetables division.
- Adjusted EBITDA: Adjusted EBITDA increased to $137.1 million, up 9.3% year-over-year.
- Adjusted Net Income: Adjusted net income increased to $53.2 million, a 13.0% increase from the prior year.
- Adjusted Diluted EPS: Adjusted diluted EPS increased to $0.55, a 12.2% increase year-over-year.

Segment Performance:

- Fresh Fruit: Revenue increased 14.2%, primarily driven by higher volumes and pricing of bananas, pineapples, and plantains.
- Diversified Fresh Produce – EMEA: Revenue increased 16.5%, with strong performance in the U.K., Spain, Scandinavia, and the Netherlands, offset by a net negative impact from acquisitions and divestitures.
- Diversified Fresh Produce – Americas & ROW: Revenue increased 8.5%, driven by growth in most commodities sold in the North American market and higher revenues in apples exported from South America.

Notable Events:

- Sale of Fresh Vegetables Division: Dole completed the sale of its Fresh Vegetables division to Arable Capital Partners for approximately $140.0 million. The sale includes facilities in Huron, California, and Yuma, Arizona.
- Debt Refinancing: The company completed the refinancing of its corporate credit facilities on May 1, 2025, securing new credit facilities totaling $1.2 billion.

Outlook:

Dole plc is optimistic about its financial outlook for the current fiscal year. The company has upwardly revised its guidance for full-year adjusted EBITDA to the range of $380.0 million to $390.0 million.

The company will discuss its mid-2025 financial results in an upcoming webcast on August 11, 2025. The latest analyst rating on Dole stock is a Buy with a $20.00 price target.

References:
[1] https://www.morningstar.com/news/business-wire/20250811164900/dole-plc-reports-second-quarter-2025-financial-results