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Limoneira not affected by California wildfires

By   /   Monday, August 22nd, 2016  /   Comments Off on Limoneira not affected by California wildfires

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Santa Paula-based Limoneira said Aug. 22 that the company is not being affected by the current wildfires in California.

In addition, the company reiterated its fiscal year 2016 guidance ranges and announced that it will report its financial results for the third quarter ended July 31, 2016 on Sept. 8, 2016.

For the fiscal year ending Oct. 31, the company continues to expect to sell between 2.7 million and 3.0 million cartons of fresh lemons at an average price of approximately $23 per carton and expects to sell approximately 8.5 million to 9.5 million pounds of avocados at approximately 80 cents per pound.

Limoneira expects to earn around $3.4 million from sales of stock in Santa Paula-based Calavo Growers, resulting in $18.9 million-$19.4 million in earnings before taxes and other costs.

Excluding the sale and $1.2 million in transaction costs from its joint venture with the Lewis Group, the company expects earnings per diluted share of 33 cents to 38 cents.

• Contact Marissa Nall at [email protected]

 

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