DUBLIN, IRELAND - Dole plc’s second quarter 2024 financial results are in. Although there was a slight dip in revenue, the report notes that with growth across all segments, positive momentum is still driving it forward.
“We are pleased to report another strong result for the second quarter of 2024, with Adjusted EBITDA increasing 2.2 percent to $125.4 million and 8.2 percent on a like-for-like basis,” commented Carl McCann, Executive Chairman. “Following the completion of our sale of Progressive Produce, we repaid $100 million of our Term Loan facilities in April, and at the end of the quarter, our Net Debt was $767.5 million.”
According to a press release, highlights from the report include:
- Strong second quarter Group results with growth across all segments on a like-for-like basis
- Revenue of $2.1 billion, a decrease of 0.8 percent. On a like-for-like basis, revenue increased 4.3 percent
- Net Income of $88.1 million, an increase of 68.4 percent
- Adjusted EBITDA of $125.4 million, an increase of 2.2 percent. On a like-for-like basis, Adjusted EBITDA increased 8.2 percent
- Adjusted Net Income of $47.0 million and Adjusted Diluted EPS of $0.49
“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,” McCann noted. “Today, we are pleased to raise our full year Adjusted EBITDA target to at least $370.0 million.”
To see the report in full, click here.
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