Dole plc (NYSE:DOLE) reported fourth-quarter results that matched profit forecasts while delivering stronger-than-expected revenue, with shares little changed in after-hours trading following the announcement.
The fresh produce company posted adjusted earnings per share of $0.14 for the quarter, in line with analyst consensus estimates.
Revenue totaled $2.36 billion, exceeding expectations of $2.26 billion and rising 9.2% from $2.17 billion recorded in the same period last year.
Adjusted EBITDA reached $72.7 million, ahead of market forecasts but down 2.6% from $74.6 million a year earlier, mainly reflecting higher fruit costs in the Fresh Fruit segment after Tropical Storm Sara disrupted operations.
For the full year 2025, Dole generated adjusted EBITDA of $395.4 million, surpassing its latest guidance and increasing 0.8% from $392.2 million in 2024.
Annual revenue climbed 8.2% to $9.17 billion from $8.48 billion. Net income for the year totaled $82.0 million, or $0.53 per diluted share, compared with $143.4 million, or $1.32 per share, in the previous year.
“We are very pleased to deliver a strong operating result for the year, with Adjusted EBITDA of $395 million, surpassing our most recent guidance,” said Executive Chairman Carl McCann.
Looking ahead to fiscal 2026, Dole is targeting adjusted EBITDA of at least $400 million. The company expects routine capital expenditures of about $100 million and anticipates full-year interest expenses of roughly $60 million.
Dole also announced the sale of port assets in Ecuador, expected to generate net proceeds of approximately $75 million. Since year-end, the company has repurchased 300,000 shares at an average price of $15.15 per share, with $95.5 million remaining under its $100 million share buyback programme.