Limoneira Has Identified $180M Of Non-core Assets For Sale, With Remaining $50M To Be Realized Within Next 12 Months; Expects To Realize $25M Of Planned Incremental Ebitda Growth Over Next Five Fiscal Years
Portfolio Pulse from Charles Gross
Limoneira has identified $180M of non-core assets for sale, with the remaining $50M to be realized within the next 12 months. The company expects to realize $25M of planned incremental EBITDA growth over the next five fiscal years.
June 26, 2023 | 10:28 am
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Limoneira plans to sell $180M of non-core assets and expects to realize $25M of incremental EBITDA growth over the next five fiscal years.
The sale of non-core assets will provide Limoneira with additional capital, which can be used for further investments or debt reduction. This, combined with the expected incremental EBITDA growth, is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100