Land O’Lakes buying Thousand Oaks-based Ceres for $17.2 million
Land O’Lakes is buying Thousand Oaks-based Ceres for $17.2 million, the companies announced June 17. Under the terms of the agreement, Minneapolis-based Land O’Lakes will buy all outstanding shares of Ceres common stock for 40 cents per share, in cash. The price per share of common stock represents an 81 percent premium to the closing Read More →
$130 million investment one of region’s biggest deals
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Santa Barbara’s QAD announces dividend
Santa Barbara cloud software manufacturer QAD announced a dividend of .072 cents per share of Class A common stock June 15. The company also said it would pay .06 cents per share of Class B common stock. Both dividends will be paid to investors who are shareholders on July 7. QAD announced the dividend after Read More →
SEC warns firms about using non-GAAP numbers
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Limoneira misses second quarter estimates but analysts reconfirm strong outlook for year
Santa Paula-based Limoneira reported drops in revenue and operating income for the second quarter of 2016 in an earnings report June 9. But analysts reconfirmed strong fiscal year 2016 and 2017 outlooks despite the quarter’s performance, due to favorable lemon pricing and expectations for the company’s real estate development segment. Limoneira’s recently expanded packing facility Read More →
Calavo Growers reports highest quarterly net income in company history
Calavo Growers had its highest quarterly net income and gross profits ever, the company announced in a second quarter earnings report June 6, with earnings per diluted share of 56 cents. That beat the average estimate of analysts surveyed by Zacks Investment Research, which was for earnings of 50 cents per share. The Santa Paula-based Read More →
Semtech sales up 11 percent, company says in first quarter earnings report
Semtech sales increased 11 percent, the company said when it reported first quarter fiscal year 2017 earnings June 1. Semtech, a Camarillo-based supplier of analog and mixed-signal semiconductors, said revenues increased from $130 million in 2016 to $131.1 million in 2017. Net income increased from a loss of $142,000 during the same quarter in 2016 Read More →
