Limoneira reports Q4 adjusted EPS (32c), consensus (10c)

Reports Q4 revenue $39.7M, consensus $33.43M. Harold Edwards, President and Chief Executive Officer of the company, stated, "We finished the year strong with seasonally soft fourth quarter revenue increasing 18% over the prior year period and our full year topline growing to a record $184.6 million. Our revenue growth was driven across the agribusiness division, with avocados and oranges experiencing the largest year-over-year increase fueled by strong pricing in fiscal year 2022. We increased annual fresh lemon volume; however, pricing remained challenged for most of the year as the lemon markets both domestically and globally continue to work through a surplus of inventory."