Dole Expects FY23 Adjusted EBITDA Of At Least $350M
Portfolio Pulse from Benzinga Newsdesk
Dole expects its FY23 adjusted EBITDA to be at least $350M. The company is monitoring potential disruptions due to El Niño climatic conditions in key growing regions in Central and South America. Despite the unpredictable macro-economic environment, Dole has seen positives such as the strengthening Euro relative to the U.S. Dollar, more open supply chains, and moderation of inflation for certain input costs. However, it continues to be impacted by higher interest rates and other foreign currency movements.
August 17, 2023 | 10:06 am
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Dole's FY23 adjusted EBITDA is expected to be at least $350M. The company is prepared for potential disruptions due to El Niño. It benefits from a stronger Euro, open supply chains, and moderated inflation, but is impacted by higher interest rates and foreign currency movements.
The company's positive outlook for FY23 EBITDA, despite potential disruptions due to El Niño, indicates strong operational resilience. The strengthening Euro, more open supply chains, and moderated inflation are positive factors for Dole. However, higher interest rates and foreign currency movements could negatively impact the company's financial performance.
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