Dole (NYSE:DOLE) posted mixed results for the first quarter, missing profit expectations but beating revenue forecasts and raising its full-year guidance. Currently, the company’s shares are down more than 8% intra-day.
The company reported adjusted earnings of $0.35 per share, falling short of the anticipated $0.39. However, revenue reached $2.1 billion, exceeding projections and marking a 4.2% year-over-year increase.
Despite a 4.8% dip in adjusted EBITDA to $104.8 million—impacted by softness in the Fresh Fruit segment and recent divestitures—Dole upgraded its full-year 2025 adjusted EBITDA guidance to at least $380 million, citing its strong start to the year and durable operating model.
EBITDA slipped a more modest 2%, reflecting some underlying strength despite broader macroeconomic and operational headwinds.
The company reaffirmed its maintenance capital spending plans of around $100 million for 2025, and flagged additional reinvestment needs in Honduras following Tropical Storm Sara, with insurance expected to offset much of that cost.