Limoneira CO (LMNR) Form 8-K — Sep 9, 2026

$LMNRForm 8-KItems 2.02, 9.01Filed Sep 9, 2026, 4:02 PM ET0001342423-26-000030Original filing

Limoneira reported fiscal Q3 2026 (quarter ended July 31, 2026) total net revenues of $43.8 million, down from $47.5 million a year earlier, with a net loss applicable to common stock of $3.0 million, or $0.17 per diluted share, versus a $1.0 million loss, or $0.06 per share, in the prior-year quarter. Adjusted EBITDA improved to $3.9 million from $3.0 million, and CEO Harold Edwards said results came in below expectations due to lighter than anticipated lemon sales volume.

Key figures

Eps: -$0.17 diluted (Q3 FY2026) vs -$0.06 (Q3 FY2025)
Revenue: $43.8 million (Q3 FY2026) vs $47.5 million (Q3 FY2025)
Guidance: Fresh lemon volumes at lower end of 4.0-4.5 million cartons; avocado volumes raised to 7.0-7.25 million pounds from 5.5-6.5 million; expects >10 million pounds of avocados in FY2027 (~30% growth); targeting $10 million annual SG&A savings
Net Income: -$3.0 million net loss applicable to common stock (Q3 FY2026) vs -$1.0 million prior year
Total Debt: $101.5 million ($100.7 million long-term less current portion plus $0.8 million current portion)
Total Assets: $299.4 million
Cash Position: $2.2 million as of July 31, 2026
Sga q3: $4.0 million vs $5.0 million prior year
Adjusted ebitda q3: $3.9 million vs $3.0 million prior year
Insurance proceeds: $5.4 million received plus $2.0 million confirmed for Q4 FY2026
Nine month revenue: $85.9 million vs $116.9 million prior year
Expected jv proceeds: ~$180 million over seven fiscal years; Harvest distributions projected at $5M (FY26), $35M (FY27), $41M (FY28), $32M (FY29), $42M (FY30)
Fx losses nine months: $6.1 million
Lemon cartons sold q3: 1373000
Monetization pipeline: Over $200 million of non-strategic land, development assets and water rights identified
Avocado pounds sold q3: 7013000
Adjusted diluted eps q3: $0.02 vs -$0.02 prior year
Disposal loss nine months: $8.2 million (Yuma lemon orchards exit)
Nine month operating loss: $35.2 million vs $9.3 million prior year
Windfall farms sale price: $15.0 million all-cash, expected close September 14, 2026
Lemon avg price per carton: $19.88 vs $17.02 prior year
Avocado avg price per pound: $1.15 vs $1.50 prior year
Nine month net loss per share: -$1.91 vs -$0.43 prior year
Windfall impairment aggregate: $13.5 million ($9.3M Q2 + $4.1M Q3)
Operating cash flow nine months: -$15.9 million vs -$7.0 million prior year

Price after filing

1 day: +0.3%7 days: -15.6%30 days: -19.6%

Close on the filing date to close N calendar days later (from $14.99). Historical, not a forecast.

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