Dole Plc ( (DOLE) ) has released its Q3 earnings. Here is a breakdown of the information Dole Plc presented to its investors.
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Dole plc is a global leader in fresh produce, focusing on the production, marketing, and distribution of fresh fruits and vegetables to over 75 countries worldwide. In its third quarter of 2024 financial results, Dole plc reported a positive performance with a slight increase in revenue and a decrease in net income compared to the previous year, primarily due to the absence of a one-time gain recorded in the prior period. The company’s revenue for the quarter was $2.1 billion, reflecting a 1.0% increase, while adjusted EBITDA showed a minor decrease of 3.7%. Despite the decrease, on a like-for-like basis, adjusted EBITDA increased by 2.3%, showcasing operational resilience. Notably, Dole raised its full-year adjusted EBITDA guidance by $10 million to at least $380 million, indicating confidence in achieving a strong annual performance. Looking forward, Dole plc aims to continue its positive trajectory with enhanced operational efficiencies and strategic investments, positioning itself for sustained growth and profitability in the competitive fresh produce market.
