Limoneira’s third quarter revenues grow
Limoneira reported revenue increases for the third quarter of 2016, primarily from higher-than-expected sales and prices of its avocados. Revenues for the Santa Paula agribusiness and real estate development company grew 34 percent compared to the third quarter last year, from $29.8 million to $39.9 million, mirroring 35 percent growth in its agribusiness revenue to Read More →
Limoneira not affected by California wildfires
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 Read More →
Weak peso could be trouble for tri-county ag producers
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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 →
Limoneira opening South Africa branch
Santa Paula-based Limoneira announced April 10 that it is launching Limoneira South Africa, a new branch of its One World of Citrus model, and partnering with Re:inc to manage packing and sales. Limoneira South Africa, based in Paarl, South Africa, will ship area produce globally and “pursue joint venture farming and packing operations,” Alex Teague, Read More →
Calavo Growers’ fourth quarter earnings fall short
Santa Paula-based Calavo Growers missed analyst projections on its fourth-quarter earnings. Calavo Growers, which is known for its avocado production, reported on Dec. 29 a profit of 28 cents per share, missing Wall Street’s projection of 46 cents per share. Calavo Growers stock ended the day at $49.51 per share, down $1.14. The company posted Read More →
San Luis Obispo discoveries expand citrus industry’s psyllid watch
The dreaded Asian citrus psyllid made its first appearance in San Luis Obispo County over the summer, making the pest truly a regional problem for tri-county agriculture.
