Limoneira CO LMNR
Limoneira Company, a Delaware corporation, is the successor to several businesses with operations in California since 1893. Our business and operations are described below. For detailed financial information with respect to our business and our operations, see our consolidated financial statements and the related notes to consolidated financial statements, which are included in Item 8 in this Annual Report. In addition, general information concerning our Company can be found on our website at www.limoneira.com. All of our filings with the SEC, including but not limited to, Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any amendments thereto, are available free of charge on our website as soon as reasonably practicable after such material is electronically filed with or furnished to the SEC. The contents of our website referred to above are not incorporated into this Annual Report. Further, any references to our website are intended to be interactive textual references only.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $153.7M | $185.9M | $174.4M | $179.3M | $161.4M | $159.9M | $166.5M | $124.3M | $121.3M | $111.8M |
| Cost of revenue | $154.8M | $164.8M | $169.2M | $160.7M | $148.5M | $157.3M | $152.4M | $98.1M | $91.2M | $83.6M |
| Gross profit | -$1.1M | $21.1M | $5.2M | $18.6M | $12.9M | $2.7M | $14.2M | $26.3M | $30.1M | $28.2M |
| SG&A | $24.5M | $27.5M | $26.5M | $21.8M | $19.4M | $21.3M | $21.2M | $16.1M | $13.9M | $13.3M |
| Total operating expenses | $180.1M | $197.7M | $169.1M | $182.4M | $172.4M | $183.6M | $176.9M | $119.9M | $109.4M | $102.6M |
| Operating income | -$20.4M | -$6.2M | $10.8M | $2.2M | -$6.3M | -$19.0M | -$5.5M | $9.5M | $11.9M | $9.2M |
| Interest expense | — | — | — | — | $1.5M | $2.0M | $2.3M | $1.3M | $1.8M | $1.4M |
| Pre-tax income | -$21.0M | $11.5M | $13.4M | $349.0K | -$4.2M | -$26.4M | -$6.6M | $13.5M | $10.6M | $13.3M |
| Income tax | $4.6M | $4.4M | $4.2M | $823.0K | $266.0K | $8.5M | $1.1M | $6.7M | $4.1M | $5.3M |
| Net income | -$16.0M | $7.7M | $9.4M | -$236.0K | -$3.4M | -$16.4M | -$5.9M | $20.2M | $6.6M | $8.1M |
| EPS, basic | -0.93 | 0.40 | 0.50 | -0.04 | -0.23 | -0.96 | -0.37 | 1.26 | 0.42 | 0.52 |
| EPS, diluted | -0.93 | 0.40 | 0.50 | -0.04 | -0.23 | -0.96 | -0.37 | 1.25 | 0.42 | 0.52 |
| Shares, diluted (wtd. avg.) | 17.8M | 17.7M | 17.6M | 17.5M | 17.6M | 17.7M | 17.6M | 16.2M | 14.3M | 14.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.5M | $3.0M | $3.6M | $857.0K | $439.0K | $501.0K | $616.0K | $609.0K | $492.0K | $38.0K |
| Receivables | $15.4M | $14.7M | $14.5M | $15.7M | $17.5M | $16.3M | $15.1M | $14.1M | $11.0M | $9.3M |
| Total current assets | $40.5M | $25.8M | $30.2M | $37.5M | $42.1M | $42.5M | $35.1M | $31.0M | $23.1M | $18.5M |
| Property, plant and equipment | $172.6M | $162.0M | $160.6M | $222.6M | $242.4M | $242.6M | $248.1M | $225.7M | $188.2M | $177.1M |
| Goodwill | $1.5M | $1.5M | $1.5M | $1.5M | $1.5M | $1.5M | $1.8M | $1.4M | $876.0K | $680.0K |
| Other intangibles | $2.6M | $5.2M | $6.7M | $7.3M | $8.3M | $11.3M | $12.4M | $6.2M | $84.0K | $97.0K |
| Total assets | $311.1M | $298.8M | $301.2M | $368.5M | $392.3M | $389.6M | $399.9M | $421.3M | $339.0M | $305.4M |
| Accounts payable | $7.9M | $7.3M | $9.9M | $10.7M | $9.0M | $5.8M | $5.0M | $6.1M | $6.3M | $5.6M |
| Short-term debt | $31.0K | $559.0K | $381.0K | $1.7M | $2.5M | $3.3M | $3.0M | $3.1M | $3.0M | $2.5M |
| Total current liabilities | $30.1M | $34.8M | $33.4M | $39.3M | $35.3M | $31.5M | $31.7M | $27.1M | $23.6M | $23.8M |
| Long-term debt | $72.5M | $40.0M | $40.6M | $104.1M | $130.4M | $122.6M | $105.9M | $77.0M | $102.1M | $88.2M |
| Total liabilities | $120.3M | $96.3M | $100.7M | $176.7M | $193.0M | $183.0M | $167.4M | $191.4M | $191.4M | $166.7M |
| Retained earnings | -$1.1M | $20.8M | $19.0M | $15.5M | $21.6M | $30.8M | $53.1M | $50.4M | $34.7M | $31.8M |
| Total equity | $180.0M | $191.7M | $189.7M | $181.1M | $188.4M | $195.8M | $221.7M | $219.1M | $136.8M | $126.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.0M | $17.9M | -$15.9M | $14.8M | $9.6M | -$11.3M | $1.4M | $18.4M | $18.5M | $14.3M |
| Depreciation and amortisation | $9.2M | $8.4M | $8.6M | $9.8M | $9.8M | $10.1M | $8.6M | $7.3M | $6.5M | $5.3M |
| Stock-based compensation | $3.1M | $4.1M | $3.8M | $2.7M | $2.6M | $2.0M | $1.8M | $1.4M | $1.3M | $1.3M |
| Capital expenditure | — | — | — | — | — | — | $15.9M | $13.9M | $12.9M | $16.3M |
| Investing cash flow | -$18.3M | -$9.2M | $90.6M | $19.4M | -$10.2M | $3.8M | -$23.7M | -$50.8M | -$26.4M | -$11.5M |
| Financing cash flow | $22.8M | -$9.3M | -$71.9M | -$33.5M | $534.0K | $7.4M | $22.4M | $32.5M | $8.4M | -$2.8M |
| Dividends paid | $5.4M | $5.4M | $5.4M | $5.3M | $5.3M | $5.4M | $5.3M | $4.0M | $3.2M | $2.8M |
| Buybacks | — | — | — | $0 | $0 | $3.5M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001342423-25-000039.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $111.8M | $121.3M | $124.3M | $166.5M | $159.9M | $161.4M | $179.3M | $174.4M | $185.9M | $153.7M |
| Gross profit | $28.2M | $30.1M | $26.3M | $14.2M | $2.7M | $12.9M | $18.6M | $5.2M | $21.1M | -$1.1M |
| Net income | $8.1M | $6.6M | $20.2M | -$5.9M | -$16.4M | -$3.4M | -$236.0K | $9.4M | $7.7M | -$16.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material impairment The company has written down the carrying value of an asset - often goodwill from an acquisition that did not work out. Item 2.06
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed Item 1.01
- Material impairment Item 2.06
- Material agreement signed Item 1.01
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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