Dole plc Reports Strong Q1 2025 Performance

Dole Plc ( (DOLE) ) has released its Q1 earnings. Here is a breakdown of the information Dole Plc presented to its investors.

Dole plc is a global leader in the fresh produce industry, specializing in the production, marketing, and distribution of a wide variety of fresh fruits and vegetables across more than 85 countries, with a commitment to sustainability and health.

Dole plc has reported its financial results for the first quarter of 2025, highlighting a strong performance despite a slight decline in revenue. The company achieved a revenue of $2.1 billion, with a like-for-like increase of 4.2%, and an adjusted EBITDA of $104.8 million, reflecting a decrease from the previous year.

The company’s net income for the quarter decreased to $44.2 million, primarily due to the absence of an exceptional gain recorded in the previous year. Adjusted net income stood at $33.1 million, with an adjusted diluted EPS of $0.35. Dole also announced a 6.25% increase in its quarterly dividend to 8.5 cents per share and successfully completed a $1.2 billion refinancing of its credit facilities, enhancing its financial flexibility.

Dole’s strategic focus remains on leveraging its diverse business model to navigate the current volatile economic environment. The company has revised its guidance upward, targeting a full-year adjusted EBITDA of at least $380 million, while maintaining its commitment to capital expenditures and growth initiatives.

Looking ahead, Dole plc is optimistic about its growth prospects, supported by its resilient operations and strategic investments. The company continues to explore development opportunities to strengthen its market position and drive future growth, despite the unpredictable economic landscape.