Dole plc Reports Second Quarter 2025 Financial Results; Carl McCann Comments

DUBLIN, IRELAND - Dole plc released its financial results for the three and six months ended June 30, 2025.

Highlights for the three months ended June 30, 2025:

• Very strong performance for the second quarter, with growth across all Continuing Operations segments
• Revenue of $2.4 billion, an increase of 14.3% (an increase of 12.1% on a like-for-like basis)
• Net Income decreased to $18.0 million, primarily due to a loss in the Fresh Vegetables division
• Adjusted EBITDA3 of $137.1 million, an increase of 9.3% (an increase of 7.2% on a like-for-like basis)
• Adjusted Net Income increased 13.0% to $53.2 million, and Adjusted Diluted EPS3 increased 12.2% to $0.55
• Post quarter-end, successfully completed the sale of the Fresh Vegetables division to Arable Capital Partners for approximately $140.0 million

Commenting on the results, Carl McCann, Executive Chairman, said in the recent release:

“We are very pleased to report a strong result for the second quarter of 2025. Group revenue increased 14.3% and Adjusted EBITDA increased 9.3% compared to the prior year, with good growth across all of our Continuing Operations.

Post-quarter end, we completed the sale of the Fresh Vegetables Division to Arable Capital Partners. The completion of this sale represents an important strategic milestone for the Group and will enable us to further concentrate our efforts and investments on our core business activities.

For the current financial year, although the macroeconomic environment remains complex, we are pleased to announce an upward revision of our guidance and are now targeting full-year Adjusted EBITDA in the range of $380.0 million to $390.0 million.”

See the full report here.