Overview

* Dole Q3 revenue rises 10.5%, beating analyst expectations

* Adjusted EPS and net income for Q3 missed analyst estimates

* Company announces $100 mln share repurchase program

Outlook

* Dole expects full-year 2025 Adjusted EBITDA at upper end of $380 mln to $390 mln range

* Company reduces 2025 routine capital expenditure guidance to approximately $85 mln

* Dole expects full-year 2025 interest expense to be about $67 mln

Result Drivers

* DIVERSIFIED SEGMENTS - Strong performance in Diversified Fresh Produce segments offset declines in Fresh Fruit

* FRESH VEGETABLES SALE - Sale of Fresh Vegetables division provided financial flexibility, reducing net debt

* REVENUE GROWTH - Revenue increased due to positive operational performance and favorable foreign currency impacts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.28 $2.15

Revenue bln bln (3

Analysts

)

Q3 Miss $0.16 $0.17 (3

Adjusted Analysts

EPS )

Q3 Miss $15 mln $16.71

Adjusted mln (3

Net Analysts

Income )

Q3 Beat $80.80 $78.21

Adjusted mln mln (4

EBITDA Analysts

)

Q3 EPS $0.16

continui

ng

operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the fishing & farming peer group is "buy."

* Wall Street's median 12-month price target for Dole PLC ( DOLE ) is $18.00, about 27% above its November 7 closing price of $13.14

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)