Limoneira Co
limoneira.comLimoneira Co (NASDAQ: LMNR) is an agribusiness company that grows, packs, and sells fresh lemons and avocados, with supplementary real estate and rental operations. Revenue is transactional, generated primarily through the sale of fresh fruit grown on company-owned farms and sourced from third-party growers. Agribusiness accounted for 96% of total net revenues in FY2025 ($153.7M of $159.7M total) and 97% in FY2024 ($185.9M of $191.5M total). Fresh lemons are the dominant product, generating $125.0M in FY2025 and $136.2M in FY2024, with avocados contributing $11.7M in FY2025 versus $25.1M in FY2024. The company operates four reportable segments: fresh lemons, lemon packing, avocados, and other agribusiness. Limoneira packs lemons under a Commercial Packinghouse License Agreement with Sunkist, packing 4.7 million cartons at an average cost of $10.03 per carton in FY2025. Farming operations span Ventura County and San Luis Obispo County in California, Yuma Arizona, and international operations in Chile and Argentina. The company pays a quarterly dividend of $0.075 per share as of December 2025.
Products & Services
Fresh lemons ($125.0M FY2025, $136.2M FY2024), avocados ($11.7M FY2025, $25.1M FY2024), lemon packing services (4.7M cartons packed in FY2025), other agribusiness products, and rental/real estate operations ($6.0M FY2025).
Revenue Model
Transactional revenue from selling fresh lemons and avocados grown on company-owned land and sourced from third-party growers, supplemented by lemon packing fees and other agribusiness and rental income. Agribusiness was 96% of FY2025 net revenues; other operations (rental and related) were 4%.
Customers & Markets
Fresh fruit buyers in grocery retail and foodservice channels. The company also has equity investment exposure to residential real estate development through the Limoneira Lewis Community Builders (LLCB) joint venture, which closed 554 residential homesites in FY2024. Customer concentration details are not disclosed in the filing excerpts.
Geographic Exposure
United States (Ventura County and San Luis Obispo County, California; Yuma, Arizona), Chile (La Serena, PDA and San Pablo operations), and Argentina (Trapani Fresh operations).
Financial Snapshot
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