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Dole plc second quarter 2022 financial results

Dole reports revenue of $2.4 billion for three months ended June 30, 2022

Dole plc has released its financial results for the three and six months ended June 30, 2022.

Highlights for the three months ended June 30, 2022:

  • Revenue of $2.4 billion
  • Net Income of $48.5 million and Diluted EPS of $0.43
  • Adjusted EBITDA of $108.8 million
  • Adjusted Net Income of $41.3 million and Adjusted Diluted EPS of $0.44

Financial Highlights - Unaudited

Commenting on the results, Carl McCann, Executive Chairman said:
“One year ago we created Dole plc, the global leader in fresh produce, following the merger of Total Produce and Dole Food Company. The enhanced scale and diversification of our vertically integrated business enabled us to deliver strong results for the second quarter of 2022, in line with our expectations.

Due to a slower than anticipated return to full operating profitability in our Fresh Vegetables segment and the translation impact from the strengthening US Dollar, we are now targeting Adjusted EBITDA in the range of $330.0 million to $350.0 million for the full year, a reduction of approximately 5.5% from prior guidance.

We greatly appreciate the achievements of our talented and dedicated people and their significant contributions during the past year.”

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Publication date:

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