Key Takeaways Dole beat second-quarter profit and sales estimates, despite a drop in demand in some key markets. The company blamed falling revenue on the negative impact of acquisitions, divestitures, and foreign currency exchange. Dole raised its full-year outlook for adjusted EBITDA, though it was short of forecasts compiled by Visible Alpha. Fruit and vegetable distributor Dole (DOLE) reported second-quarter profit and sales that beat analysts' estimates, despite a drop in demand in some key markets. Th ...

财务数据和关键指标变化 - 集团报告收入与去年持平,剔除出售Progressive Produce的影响后,同比增长4.3% [8] - 调整后EBITDA增长2.2%至1.254亿美元,剔除影响后增长8.2% [9] - 净收入增加至8810万美元,去年同期为5230万美元 [21] - 调整后净收入为4700万美元,调整后每股收益为0.49美元,同比下降3% [22] 各条业务线数据和关键指标变化 新鲜水果业务 - 收入增长1.5%,调整后EBITDA增长7.3%,主要受益于欧洲和北美香蕉销量和价格上涨 [23][24] 多元化新鲜农产品-EMEA - 收入增长3.2%,调整后EBITDA持平,主要受益于爱尔兰、英国和西班牙业务表现良好 [25] 多元化新鲜农产品-美洲及其他地区 - 剔除出售Progressive Produce影响后,收入增长11.3%,调整后EBITDA增长36.4%,主要受益于南美季节性因素和北美业务改善 [26][27] 各个市场数据和关键指标变化 - 欧洲香蕉市场持续保持良好势头,销量和价格上涨 [12] - 北美市场香蕉销量和价格上涨,但受船舶干船坞影响运输成本有所上升 [13] - 南美出口业务季节性转换顺利 [17] 公司战略和发展方向及行业竞争 - 公司持续关注资本配置和杠杆管控,二季度杠杆降至1.9倍 [27] - 公司正积极探索蔬菜业务的战略选择,维持日常运营并取得正面业绩 [18][19] - 公司看好未来发展前景,预计全年调整后EBITDA至少达到3.7亿美元 [32] 管理层对经营环境和未来前景的评论 - 香蕉供应偏紧,但公司有多元化供应基础和经验团队,正采取措施控制成本 [14] - EMEA业务有望继续交出满意的全年业绩 [16] - 美洲业务有望在良好的上半年基础上交出强劲的全年业绩 [17][18] 其他重要信息 - 公司宣布派发每股0.08美元的第二季度股息 [30] - 预计全年资本支出在1.1-1.2亿美元之间,包括船舶干船坞、仓储效率提升等 [29] - 预计全年利息费用在7500-8000万美元之间 [30] 问答环节重要的提问和回答 问题1 **Adam Samuelson 提问** 询问公司提高全年指引的原因,以及对下半年的预期是否有变化 [35] **Rory Byrne 回答** 公司对全年业绩保持谨慎乐观,预计新鲜水果业务下半年可能略有下滑,但整体仍有信心完成全年目标 [36][37][38] 问题2 **Adam Samuelson 提问** 询问公司对未来资本配置的考虑,是否会更多关注股票回购而非继续降低杠杆 [39] **Rory Byrne 回答** 公司会根据具体情况动态平衡各种资本配置方式,包括债务偿还、收购投资和股票回购等 [41][42] 问题3 **Gary Martin 提问** 询问新鲜水果业务持续强劲增长的原因,以及对下半年整体业务的预期 [46][48] **Johan Linden 和 Rory Byrne 回答** 新鲜水果业务增长得益于公司优质的供应链和客户关系,预计下半年各业务线整体表现仍将良好 [47][49][50]

Dole (DOLE) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 19.51%. A quarter ago, it was expected that this fresh fruit and vegetable company would post earnings of $0.31 per share when it actually produced earnings of $0.43, delivering a surprise of 38.71%. Over the last four quarte ...

财务数据 - Q2'24第二季度营收为2,124百万美元，同比下降0.8%[1] - Q2'24第二季度调整后EBITDA为125.4百万美元，同比增长2.2%[2] - Q2'24第二季度调整后每股稀释收益为0.49美元，同比下降3.9%[3] - Fresh Fruit部门营收同比增长1.5%，调整后EBITDA同比增长7.3%[4] - Diversified Fresh Produce EMEA部门营收同比增长3.2%[5] - Diversified Fresh Produce Americas & ROW部门营收同比下降14.7%[6] - 公司净负债为767.5百万美元，净杠杆率为1.9倍[7] - FY'24调整后EBITDA目标为3.7亿美元[8] 公司战略 - 公司战略重点包括加速核心业务领域和类别的增长[9] - 保持资本分配纪律、退出新鲜蔬菜业务[10] - 专注成本控制和业务运营效率[11] - 推进可持续发展目标并适应监管变化[12] 财务指标 - Dole plc的财务数据中包含非GAAP财务指标[13] - 调整后的EBIT、调整后的EBITDA、调整后的净收入、调整后的每股收益[14] - 持续经营的自由现金流和净债务[15] 2024年第二季度数据 - 在2024年第二季度，Dole plc的调整后的EBITDA为125,421千美元[16] - 在2024年第二季度，Dole plc的调整后的净收入为47,032千美元[17] 财务状况 - 截至2024年6月30日，Dole plc的净债务为767,516千美元[18] - 净债务与最近十二个月调整后的EBITDA比率为1.9倍[19]

Exhibit 99.1 Background and Certain Defined Terms 1 Table of Contents Forward-Looking Statements 1 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Key Points As stock markets reach new all-time highs, it's tough to find bargains among strong companies with frothy valuations. Steady and reliable may not be enough to excite the markets, but for value investors, these treats are hidden gems in plain sight. One such gem is Dole plc NYSE: DOLE, a leading producer of fresh fruits and vegetables. Dole competes in the consumer staples sector with Fresh Del Monte Produce Inc. NYSE: FDP. Dole supplies fruits and vegetables to grocers, including Target Co. NYSE: ...

财务数据和关键指标变化 - 集团收入增长6.6%至21亿美元,调整后EBITDA增长9.7%至1.1亿美元 [7] - 调整后净收入增加830万美元至4060万美元,调整后每股收益增长26%至0.43美元 [8] - 出售65%权益的progressive projects交易实现税后净收益约1亿美元,用于偿还债务,期末净负债率为2倍 [9] 各条业务线数据和关键指标变化 - 新鲜水果业务保持稳定,调整后EBITDA为6940万美元,与去年同期持平 [11] - 多元化新鲜农产品EMEA业务收入增长7%,调整后EBITDA增长10.9% [14][25] - 多元化新鲜农产品美洲及其他地区业务收入增长,调整后EBITDA大幅增长 [16][26] - 蔬菜业务经营业绩有所改善,受益于价格上涨和产品组合优化 [19] 各个市场数据和关键指标变化 - 欧洲市场持续改善,受益于香蕉和菠萝销量增加以及采购和运输成本下降 [11] - 北美市场表现良好,客户进展良好,但受到食品成本上涨和商业货运利润下降的影响 [11] - 南美出口业务受益于良好的智利樱桃季和供应链改善 [16][17] 公司战略和发展方向及行业竞争 - 公司持续关注资本配置和杠杆管理,通过出售progressive projects交易偿还债务 [9] - 公司正在探索替代方案以最大化蔬菜业务的价值 [10] - 公司将继续专注于提高多元化美洲业务的盈利能力 [55] - 公司面临行业内同行的竞争压力,但相信自身的规模和多元化优势可以应对 [12][49] 管理层对经营环境和未来前景的评论 - 管理层对2024年全年调整后EBITDA达到至少3.6亿美元的目标保持信心 [31] - 管理层认为公司有良好的开局,将继续保持势头,并专注于实现战略目标 [32] - 管理层表示,尽管预测存在不确定性,但公司将继续专注于提高效率和盈利能力 [41][42] 问答环节重要的提问和回答 问题1 **Adam Samuelson 提问** 询问progressive projects业务的历史EBITDA贡献及其对公司整体业务的影响 [36][37] **Rory Byrne 回答** 解释了progressive projects业务的EBITDA贡献,并表示将继续关注提高剩余业务的盈利能力 [38][54][55] 问题2 **Christopher Barnes 提问** 询问是否有机会通过成本优化来弥补progressive projects业务的EBITDA损失 [53] **Rory Byrne 回答** 表示将重点关注提高多元化美洲业务的盈利能力,并持续审视整体成本结构优化 [54][55] 问题3 **Ben Bienvenu 提问** 询问公司是否满意当前的资产负债表状况,以及未来的资本配置策略 [68][69] **Rory Byrne 回答** 表示将根据蔬菜业务的最终结果等因素来评估资本配置策略,目前2倍的杠杆率令公司满意 [69]

Dole (DOLE) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 38.71%. A quarter ago, it was expected that this fresh fruit and vegetable company would post earnings of $0.03 per share when it actually produced earnings of $0.16, delivering a surprise of 433.33%. Over the last four qua ...

Anticipating higher shipping costs in 2024 and continued impact from currency appreciation in key sourcing countries Revenue - $'m 2,121 1,989 Income from Continuing Operations (3) - $'m 71.5 35.0 Diluted EPS from Continuing Operations - $ 0.80 0.30 Adjusted Diluted EPS - $ 0.43 0.34 Segment Results – Continuing Operations Fresh Fruit Q1'24 REVIEW ▪ Adjusted EBITDA in line with Q1'23 Diversified Fresh Produce EMEA +10.9% YoY | --- | --- | |------------------------------------------------------------|------- ...

Table of Contents | Background and Certain Defined Terms | 1 | | --- | --- | | Forward-Looking Statements | 1 | | PART I - FINANCIAL INFORMATION | | | Item 1. Financial Statements | 1 | | Unaudited Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 | 2 | | Unaudited Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2024 and | | | March 31, 2023 | 3 | | Unaudited Condensed Consolidated Statements of Comprehensive Income for the Three Months end ...