May. 12 at 10:11 AM
$DOLE Dole reports Q1 adjusted EPS 35c vs. 43c last year
Reports Q1 revenue
$2.1B vs.
$2.12B last year. Commenting on the results, Carl McCann, Executive Chairman, said: "We are pleased to report another good performance for the first quarter of the 2025 financial year. Group revenue increased 4.2% on a like for like basis and we delivered
$104.8 million of Adjusted EBITDA, surpassing our initial projections. Post quarter end, we successfully completed the refinance of our credit facilities.
This refinancing provides enhanced financial flexibility to support our growth initiatives. Today, we have declared an 8.5 cent dividend for the first quarter, a 6.25% increase. For the current financial year, although the economic environment remains unpredictable, we are pleased to announce an upward revision of our guidance and are now targeting full year Adjusted EBITDA of at least
$380.0 million."
