Quarterly ResultMay 11, 2026, 06:08 AM
Dole plc Q1 Revenue +11.6% to $2.34B; Net Income $37.7M
AI Summary
Dole plc reported a solid start to 2026 with an 11.6% increase in first-quarter revenue to $2.34 billion, driven by robust consumer demand and positive momentum across its segments. Despite a decrease in net income and Adjusted EBITDA, the company maintained its full-year Adjusted EBITDA target of at least $400 million, citing a resilient business model and anticipated benefits from contract price adjustments. A cash dividend of $0.085 per share was declared, and the company repurchased $4.6 million in shares.
Key Highlights
- Q1 2026 revenue increased 11.6% to $2.34 billion from $2.10 billion year-over-year.
- Net income for Q1 2026 was $37.7 million, down from $44.2 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.33, compared to $0.41 in the prior year.
- Adjusted EBITDA decreased 4.3% to $100.3 million, in line with expectations.
- Fresh Fruit segment revenue grew 6.8% to $937.7 million, but Adjusted EBITDA fell 17.0%.
- Diversified Fresh Produce - Americas & ROW Adjusted EBITDA increased 28.7% to $17.8 million.
- Board declared a Q1 2026 cash dividend of $0.085 per share, payable July 8, 2026.
- Company repurchased 306,570 shares for $4.6 million, with $95.4 million remaining.