Dole Q1 Revenue $2.34B, Net Income $31.3M; EPS $0.33
Dole plc reported a mixed first quarter for 2026, with net income attributable to Dole plc decreasing to $31.3 million, or $0.33 diluted EPS, from $38.9 million, or $0.41 diluted EPS, in the prior year. Despite the decline in profitability, total revenues increased by 11.5% to $2.34 billion. The company also saw a significant improvement in net cash used in operating activities from continuing operations and expects to close the sale of its Ecuadorian Port Business in Q2 2026 for approximately $75.0 million.
Key Highlights
- Dole plc Q1 2026 net income attributable to Dole plc was $31.3 million, down from $38.9 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.33, compared to $0.41 in Q1 2025.
- Total revenues, net, increased to $2.34 billion in Q1 2026 from $2.10 billion in Q1 2025.
- Operating income for Q1 2026 was $62.0 million, down from $67.9 million in Q1 2025.
- Net cash used in operating activities from continuing operations significantly improved to $(22.5) million in Q1 2026 from $(78.8) million in Q1 2025.
- Fresh Fruit segment revenue was $937.7 million, with Adjusted EBITDA of $52.6 million.
- Diversified Fresh Produce – EMEA segment revenue was $1.02 billion, with Adjusted EBITDA of $30.0 million.
- Port Sale Transaction of Ecuadorian Port Business expected to close in Q2 2026 for approximately $75.0 million net cash proceeds.
Price Impact
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