Dole's Q4 revenue exceeded expectations, with earnings per share remaining flat

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Dublin - Dole plc (NYSE: DOLE) reported fourth-quarter results in line with earnings expectations, with revenue exceeding analyst estimates.

The company’s stock remained flat in after-hours trading.

This fresh produce company’s adjusted earnings per share for the fourth quarter were $0.14, matching the consensus analyst estimate.

Revenue reached $2.36 billion, surpassing the $2.26 billion forecast and up 9.2% from $2.17 billion in the same period last year.

Adjusted EBITDA was $72.7 million, above market expectations but down 2.6% from $74.6 million a year earlier, mainly due to increased fruit costs in the fresh fruit segment following Tropical Storm Sara.

For the full fiscal year 2025, Dole achieved an adjusted EBITDA of $395.4 million, exceeding its latest guidance and up 0.8% from $392.2 million in 2024.

Annual revenue grew 8.2% to $9.17 billion from $8.48 billion. The company reported net income of $82 million, or $0.53 per diluted share, compared to $143.4 million, or $1.32 per share, in the same period last year.

Chairman Carl McCann stated, “We are very pleased to deliver a strong full-year performance, with adjusted EBITDA reaching $395 million, exceeding our latest guidance.”

For fiscal 2026, Dole aims to achieve at least $400 million in adjusted EBITDA. The company expects routine capital expenditures of about $100 million and annual interest expenses of approximately $60 million.

Dole also announced the sale of its port assets in Ecuador, with an estimated net gain of about $75 million, and repurchased 300,000 shares at an average price of $15.15 per share after year-end. The remaining balance of its $100 million share repurchase program is $95.5 million.

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