Recent Updates — LMNR
Limoneira Company reported third-quarter fiscal 2026 results ending July 31, 2026, with total net revenues of $43.8 million and an operating loss of $3.0 million. The company entered a purchase agreement to sell its Windfall Farms vineyard property for $15.0 million in an all-cash transaction expected to close on September 14, 2026. Management raised full-year fiscal 2026 avocado volume guidance to 7.0–7.25 million pounds while narrowing lemon volume expectations to the lower end of the previous range due to higher imports and a transition of citrus brokerage operations to Sunkist. The company also anticipates receiving an additional $2.0 million in insurance proceeds for packinghouse losses in the fourth quarter. Limoneira Company operates as a diversified lemon and avocado growing, packing, and real estate development enterprise.
Limoneira Company's subsidiary sold approximately 724 acres of vineyard property in Paso Robles, California, to Paul Rusnak for $15 million via public auction. The transaction closes by September 14, 2026, with the buyer excluding the 2026 harvest from the sale. Limoneira expects to recognize an additional impairment charge of approximately $4.1 million in the fourth quarter of fiscal year 2026, bringing the aggregate impairment related to these assets to $13.4 million. Proceeds will reduce debt and fund avocado acreage expansion. Limoneira Company is a diversified lemon and avocado growing and packing company with real estate development operations.
On June 15, 2026, Peak Holdings, LLC provided written notice to terminate a Purchase and Sale Agreement dated April 14, 2026, with Limoneira Company's subsidiary, Windfall Investors, LLC. The agreement involved the sale of an 80% undivided tenant-in-common interest in real estate parcels located in Paso Robles, California. A $500,000 cash escrow deposit will be returned to Peak Holdings following the termination during the due diligence review period. Limoneira Company is an agricultural company that grows and markets citrus and avocado crops.
Limoneira Company (NASDAQ: LMNR) issued a press release on June 9, 2026, announcing its financial results for the quarter ended April 30, 2026. Limoneira Company is an agricultural company that produces and markets citrus and other fresh produce.