Limoneira Co (LMNR) News & EventsLMNRLimoneira Co

Limoneira Appoints Ryan Young as COO

Limoneira Company announced the appointment of Ryan Young as Executive Vice President and Chief Operating Officer, effective November 9, 2026. In this role, Young will report to the Chief Executive Officer and will be responsible for leading and coordinating Limoneira's farming and packing operations, technology, organic recycling, and residential and commercial real estate rental operations. Young brings more than 25 years of operations experience in fresh produce and food production. Most recently, he served as Senior Vice President of Operations at Sun Pacific Shippers LP, a role he held beginning in 2023, with oversight of eight packing, warehouse and distribution facilities in California's San Joaquin Valley, and more than 2,000 employees.

US Indices Down for Third Day as Oil Prices Rise

US indices were down for the third consecutive trading day as the macro-oriented refrain of higher oil prices and rising Treasury yields continued to haunt sentiment.   Energy was the only S&P 500 sector in the green, with front-month WTI Crude Oil contract testing the upside of $97 per barrel for the first time since May as U.S.-Iran tensions continue to percolate.  Industrials and Consumer Cyclicals were the worst-performing areas of the market and Casey's General Storeswas the worst performing stock in the benchmark.  In Tech, Semiconductors and Software Infrastructure saw some notable gains among stocks like SK Hynix, Marvell, Cloudflareand Akamaiwith relative weakness seen in Hardware and SaaS groups.  Metawas also a notable standout with a positive market reaction to its  personal AI agent Muse release, though Apple'sproduct announcements under its new CEO Ternusdid not produce an outsized reaction in its share price.  Similar to yesterday, the Dow Industrials index fared worse than S&P 500 and Nasdaq Composite given its much greater exposure to Industrials and lower exposure to Energy, as it fell to its lowest level since July with a decline of 0.8%.In the opening hour of the evening session, index futures are mixed - S&P e-minis are marginally higher while Nasdaq 100 is marginally lower.  Crude oil also continues to climb higher, with WTI contract retesting $97.   Inflation data will be top of mind for markets for the next two days - starting with tomorrow's PPI release - heading into next week's FOMC decision.  Fed funds futures are currently tipping a 60% probability of a 25 basis point rate hike next Wednesday and a 50% probability of two 25 basis point hikes over the course of the three remaining Fed decisions this year.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Culpup 18.6%Research Solutionsup 3.8%AeroVironmentup 2.9%ALSO HIGHER -Kinetik Holdingsup 4.3% after Bloomberg report that the company is considering options that include a saleDOWN AFTER EARNINGS -Navandown 16.5%The Cooper Companiesdown 15.7%Skillsoftdown 12.7%American Eagle Outfittersdown 10.3%Kewaunee Scientificdown 9.4%Limoneiradown 7.7%Lakeland Industriesdown 2.4%

Limoneira Q3 Revenue at $43.8M Below Expectations

Reports Q3 revenue $43.8M, consensus $49.62M. Harold Edwards, President and Chief Executive Officer of the Company, stated, "Third quarter results came in below our expectations due to lighter than anticipated lemon sales volume. However, adjusted EBITDA exceeded prior-year third quarter results, and our overall performance reflects our continued efforts to execute our strategic transformation to position Limoneira for long-term value creation. The quarter benefited from higher total agribusiness operating income and progress toward our targeted $10 million in annual selling, general and administrative expense savings, excluding an allowance on foreign receivables. We now expect to achieve the lower end of our lemon volume guidance as a result of higher imports, and we are again raising our avocado volume guidance for fiscal year 2026. Looking ahead, we expect to produce more than 10 million pounds of avocados in fiscal year 2027, an increase of approximately 30 percent over fiscal year 2026. This anticipated growth next year is primarily driven by the 400 acres of avocados we planted in 2023 and 2024, which we expect will set a crop this year and contribute to fiscal year 2027 volumes."