Dole Q1 2025 Earnings Report
Key Takeaways
Dole delivered $2.1B in revenue and $44.2M in net income for Q1 2025. The company saw strength in Fresh Fruit and EMEA segments, though prior year comparisons were affected by non-recurring gains. It also completed a $1.2B credit refinancing post-quarter, increasing financial flexibility.
Revenue reached $2.1B, slightly down year-over-year due to divestitures and FX impacts.
Net income was $44.2M, down from prior year mainly due to the absence of one-time disposal gains.
Adjusted EBITDA was $104.8M with solid segment performance in Fresh Fruit and EMEA.
Dole completed a $1.2B refinancing after quarter-end, improving financial flexibility for 2025.
Dole
Dole
Dole Revenue by Segment
Forward Guidance
Dole revised its FY 2025 guidance upward, targeting Adjusted EBITDA of at least $380M, supported by a strong Q1 and strategic refinancing.
Positive Outlook
- Raised full-year Adjusted EBITDA target to at least $380M.
- Strong performance in key segments: Fresh Fruit and EMEA.
- Completed $1.2B refinancing enhancing liquidity.
- Expected stability in base interest rates for 2025.
- Insurance proceeds expected to offset reinvestments in Honduras.
Challenges Ahead
- Volatile macroeconomic environment may impact operations.
- FX headwinds, particularly from Euro and Swedish krona.
- Higher fruit and shipping costs due to prior storm and dry-docking.
- Lower pricing in key southern hemisphere exports like cherries.
- Free cash flow outflows driven by seasonal and lease-related impacts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income