Limoneira Said It Is Raising Its Outlook For Non-GAAP EBITDA Accretion To A Range Of $45M-$55M By Fiscal Year 2030, Up From Its Previous Target Of $30M
Portfolio Pulse from Benzinga Newsdesk
Limoneira has raised its outlook for non-GAAP EBITDA accretion to a range of $45M-$55M by fiscal year 2030, up from its previous target of $30M. This is driven by plans to expand avocado production by 1,000 acres over the next three years. FY 2025 and FY 2026 operational results are expected to be similar to FY 2024.
June 07, 2024 | 6:32 pm
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Limoneira has raised its non-GAAP EBITDA outlook to $45M-$55M by FY 2030, driven by a significant expansion in avocado production. FY 2025 and FY 2026 results are expected to be similar to FY 2024.
The raised outlook for non-GAAP EBITDA accretion indicates strong future financial performance, driven by increased avocado production. This is likely to positively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
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