Dole plc reports third quarter revenue of $2.3 billion and net income of $13.8 million

Reuters11-10
Dole plc reports third quarter revenue of $2.3 billion and net income of $13.8 million

Dole plc reported revenue of $2.3 billion for the third quarter of 2025, an increase of 10.5% compared to the prior year period, or 8.2% on a like-for-like basis. Net income decreased to $13.8 million, primarily due to a loss in discontinued operations. Adjusted EBITDA reached $80.8 million, with strong performance in diversified segments partially offset by a temporary decline in Fresh Fruit. Adjusted net income was $15.0 million and adjusted diluted earnings per share were $0.16. The company's net debt decreased to $664.5 million, supported by proceeds from the sale of its Fresh Vegetables division. For the full year 2025, Dole expects adjusted EBITDA to be at the upper end of its $380 million to $390 million target range and has set 2025 routine capital expenditure guidance at approximately $85 million. The Board declared a third quarter cash dividend of $0.085 per share, payable on January 6, 2026.

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