Dole plc has announced its financial results for the fourth quarter and full year ending December 31, 2024, highlighting strong operational performance and revenue growth. The Group reported $8.5 billion in full-year revenue, reflecting a 2.8% increase (6.7% on a like-for-like basis), with adjusted EBITDA rising to $392.2 million. Despite the positive momentum, a $78.2 million non-cash write-down of the Fresh Vegetables division impacted net income, resulting in a fourth-quarter net loss of $31.6 million. However, adjusted net income for the year grew by 2.4% to $120.9 million, with free cash flow reaching $180.3 million and net debt reduced by $181.1 million to $637.1 million.
The fourth quarter saw $2.2 billion in revenue, a 4.6% increase (10.1% on a like-for-like basis), demonstrating continued demand across Dole's product segments. CEO Rory Byrne emphasized that the company's strong operational execution and disciplined financial management have positioned it well for long-term growth, despite external challenges. Looking ahead, Dole remains focused on leveraging its global fresh produce supply chain and maintaining financial discipline to drive continued success.
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For more information:
James O'Regan
Dole
Tel: +353 1 887 2794
Email: [email protected]
www.doleplc.com
