Dole reports Q2 adjusted EPS 49c, consensus 43c

Reports Q2 revenue $2.1B, consensus $2.09B. Commenting on the results, Carl McCann, Executive Chairman, said: “We are pleased to report another strong result for the Q2, with Adjusted EBITDA increasing 2.2% to $125.4M and 8.2% on a like-for-like basis. Following the completion of our sale of Progressive Produce, we repaid $100M of our Term Loan facilities in April, and at the end of the quarter, our Net Debt was $767.5M. Our strong first half of the year, and positive momentum within the business, positions us well to deliver a good result for the 2024 financial year. Today, we are pleased to raise our full year Adjusted EBITDA target to at least $370.0M.”