Dole raises FY24 adjusted EBITDA view to $380M from $370M

The company said, “We are pleased to have delivered another robust performance in the Q3 putting us in an excellent position to deliver a strong result for the full year. As we move towards the end of the year, we are raising our full year adjusted EBITDA target by $10.0M to at least $380.0M for 2024. Following our strategic decision to bring two additional vessels into our shipping fleet, we now expect total capital expenditure from continuing operations, including additions by finance lease, to be in the range of $130.0M-$140.0M for FY24. Additionally, as our debt levels and market interest rates have reduced, we now expect our full year interest expense, including discontinued operations, to be approximately $75.0M for FY24.”