Limoneira

The Limoneira Company was founded in Ventura County, California in 1893. Its founders were pioneers of spirit and vision that helped lay the foundations of a thriving California citrus industry. Their dedication and innovation in the agricultural industry helped found and develop many institutions that still exist (Sunkist Growers, Fruit Growers Supply and Diamond Walnut). Today, Limoneira has evolved into a global company whose mission is to preserve and promote its tradition, heritage and legacy in agriculture, community development and stewardship to maximize value for its shareholders.

With nearly 11,000 acres of agricultural production, Limoneira is one of the largest providers of lemons and avocados in the United States. In addition to agricultural investments, Limoneira has a long history of community building, and new live-walk-work neighborhoods are close to shovel ready. Commercial and residential income producing and for-sale properties round out our portfolio.


Company Growth (employees)
Type
Public
HQ
Santa Paula, US
Founded
1893
Size (employees)
276 (est)-17%
Limoneira was founded in 1893 and is headquartered in Santa Paula, US

Limoneira Office Locations

Limoneira has offices in Santa Paula and Porterville
Santa Paula, US (HQ)
1141 Cummings Rd
Porterville, US
26000 Ave 116

Limoneira Data and Metrics

Limoneira Financial Metrics

Limoneira's revenue was reported to be $36.9 m in Q2, 2017
USD

Revenue (Q2, 2017)

36.9 m

Net income (Q2, 2017)

1.5 m

EBIT (Q2, 2017)

6.2 m

Market capitalization (17-Aug-2017)

305.4 m

Cash (30-Apr-2017)

228 k
Limoneira's current market capitalization is $305.4 m.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

54.3 m52.5 m65.8 m84.9 m103.5 m100.3 m111.8 m

Revenue growth, %

(3%)25%29%22%(3%)11%

General and administrative expense

11.9 m14.3 m13.8 m13.3 m

Operating expense total

11.9 m89.6 m18.5 m13.3 m

EBIT

5.4 m9.9 m4.6 m9.2 m

EBIT margin, %

6%10%5%8%

Interest expense

1.6 m1.3 m508 k(124 k)(188 k)(1.4 m)

Interest income

85 k60 k40 k23 k

Pre tax profit

10.6 m11.1 m13.3 m

Income tax expense

(72 k)707 k2 m(3.2 m)(3.6 m)(4 m)(5.3 m)

Net Income

4.9 m7 m7.1 m8.1 m
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

36.5 m28 m28.3 m29.8 m25 m27.4 m39.9 m28.1 m36.9 m

General and administrative expense

3.6 m3.7 m3.1 m3.3 m3.5 m2.8 m3.4 m3.8 m3.1 m

Operating expense total

3.6 m3.7 m3.1 m3.3 m3.5 m2.8 m3.4 m3.8 m3.1 m

EBIT

13.4 m(2.5 m)4.1 m7.8 m(6.3 m)2.2 m14.2 m(3.2 m)6.2 m

EBIT margin, %

37%(9%)15%26%(25%)8%36%(12%)17%

Interest expense

(12 k)(219 k)(344 k)(473 k)(434 k)(417 k)

Interest income

20 k(12 k)

Pre tax profit

4 m8.1 m17.4 m

Income tax expense

(4.6 m)755 k(1.5 m)(2.8 m)2.2 m(562 k)(6.7 m)1.2 m(2.2 m)

Net Income

9.8 m(1.4 m)1.1 m6.4 m(3.9 m)(2.7 m)8 m(2.1 m)1.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

82 k92 k39 k38 k

Accounts Receivable

6.4 m7.2 m7.4 m9.3 m

Inventories

3 m3.8 m2.4 m2.5 m

Current Assets

13.6 m16 m13.8 m18.5 m

PP&E

86.2 m105.4 m129 m177.1 m

Total Assets

209.9 m247.6 m269.5 m305.4 m

Accounts Payable

4.8 m6.4 m6.6 m5.6 m

Total Debt

2.5 m

Current Liabilities

14.7 m21.1 m19.7 m23.8 m

Non-Current Liabilities

84.6 m

Total Liabilities

99.3 m166.7 m

Preferred Stock

3 m

Additional Paid-in Capital

88.2 m89.8 m90.8 m91.8 m

Retained Earnings

19.1 m23.3 m27.2 m31.8 m

Total Equity

110.7 m118.3 m121.3 m126.5 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.9 x2.1 x2.2 x2.4 x
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

53 k104 k77 k32 k60 k46 k96 k69 k228 k

Accounts Receivable

10.8 m11.3 m11.7 m7.6 m8.8 m12 m12.6 m8.8 m14.8 m

Current Assets

16.6 m18.8 m18.1 m14.5 m15.4 m18.1 m18.1 m17.8 m20.1 m

PP&E

96.8 m111.5 m117.9 m122 m146 m148 m149.2 m177.8 m184.6 m

Total Assets

229.6 m253.3 m265.6 m271 m291.9 m299.6 m302.4 m311.2 m327.1 m

Accounts Payable

5.4 m8.1 m6 m5.5 m6.7 m5.6 m4.6 m5.4 m7.1 m

Current Liabilities

23.2 m18.8 m18.1 m20.1 m19.3 m18.6 m26.1 m19 m21.7 m

Preferred Stock

3 m

Additional Paid-in Capital

89.5 m90.1 m90.2 m90.4 m91 m91.1 m91.6 m92.2 m93.5 m

Retained Earnings

26.9 m21.1 m22.8 m27.4 m22.4 m22.8 m32.7 m28.8 m31.4 m

Total Equity

122 m113.8 m119.2 m125.3 m116.9 m118.8 m129.2 m123.5 m130 m

Financial Leverage

1.9 x2.2 x2.2 x2.2 x2.5 x2.5 x2.3 x2.5 x2.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.9 m7 m7.1 m8.1 m

Depreciation and Amortization

2.4 m3.5 m4.2 m5.3 m

Accounts Receivable

13.1 k(153.1 k)(184 k)(499.5 k)

Inventories

(476 k)(885 k)224 k78 k

Accounts Payable

239 k(156.1 k)

Cash From Operating Activities

5.3 m10 k(53 k)14.3 m

Capital Expenditures

(10.4 m)(25.6 m)(31.3 m)(16.3 m)

Cash From Investing Activities

(11.3 m)(28.2 m)(25.8 m)(11.5 m)

Long-term Borrowings

(86 m)(111.5 m)(99 m)(156.4 m)

Cash From Financing Activities

6.2 m12.5 m18.1 m(2.8 m)

Interest Paid

1.7 m2.3 m55 k1.4 m

Free Cash Flow

(5.1 m)(25.6 m)(31.3 m)(1.9 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

9.8 m(1.4 m)1.1 m6.4 m(3.9 m)(2.7 m)8 m(2.1 m)1.5 m

Depreciation and Amortization

2.6 m989 k2 m3 m1.1 m2.4 m3.9 m1.6 m3.2 m

Accounts Receivable

(394 k)(1.4 m)(4.6 m)(5.1 m)479 k(5.4 m)

Cash From Operating Activities

17.8 m(5.8 m)(1.5 m)10.2 m(5.4 m)(5.9 m)10.9 m(4.3 m)2.5 m

Capital Expenditures

(14.2 m)(7.1 m)(16.4 m)(23.7 m)(5.9 m)(9.9 m)(13.3 m)(2.3 m)(5.7 m)

Cash From Investing Activities

(7.1 m)(16.4 m)(24 m)(3 m)(7.5 m)(7.9 m)(6.8 m)(16 m)

Long-term Borrowings

(51 m)(23 m)(45.9 m)(76.9 m)(50.8 m)(88.9 m)(127.8 m)(25.3 m)(51.1 m)

Cash From Financing Activities

(2.8 m)12.9 m17.9 m13.8 m8.3 m13.4 m(2.9 m)11.2 m13.6 m

Interest Paid

1.7 m597 k1.2 m1.9 m227 k692 k796 k403 k1.1 m

Income Taxes Paid

5 k

Free Cash Flow

3.6 m(12.9 m)(17.9 m)(13.5 m)(11.2 m)(15.8 m)(2.4 m)(6.7 m)(3.1 m)
Y, 2017

Financial Leverage

2.5 x

Limoneira Market Value History

Traffic Overview of Limoneira

Limoneira Online and Social Media Presence

Limoneira News and Updates

BRIEF-Limoneira says sold 60,000 shares of Calavo Growers common stock

* During period of time from june 30, 2016 to july 6, 2016 sold 60,000 shares of calavo growers common stock on open market at about $67/share

Limoneira Company Life and Culture

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