From The Motley Fool · Motley Fool Transcribing · · 2m
Dole plc Q3 2026 Earnings Report
Dole plc reports $2.4 billion revenue growth with reduced net leverage after Ecuador port sale.
In brief
Dole plc reports $2.4 billion revenue growth with reduced net leverage after Ecuador port sale. Dole plc reported $2.4 billion Q3 2026 revenue, 3.8% YoY growth, and reduced net leverage to 1.3x after selling Ecuador port for $126.7 million. Originally reported by The Motley Fool.
Q3 2026 Results
Dole plc reported revenue growth of 3.8% to $2.4 billion for Q3 2026.
Ecuador Port Sale
Dole sold Ecuador port facility for $126.7 million net cash, reducing net debt to $491.3 million.
Net Leverage
Net leverage decreased to 1.3x from 1.5x at end of fiscal 2025.
Fresh Fruit Revenue
Fresh fruit revenue decreased 8% to $818.7 million due to lower banana volumes and reduced pineapple supply.
Diversified EMEA Revenue
Diversified EMEA revenue increased 9.3% following acquisition of Greenfood Fresh Produce in Scandinavia.
Diversified Americas Revenue
Diversified Americas revenue grew 14.1% driven by strong volumes in kiwis, avocados, grapes, and tomatoes.
Full-Year Adjusted EBITDA Guidance
Full-year adjusted EBITDA guidance reduced to $380 million to $390 million from $400 million due to fuel cost volatility.
European Fuel Headwind
European fuel costs create $16 million headwind for full year due to lack of contractual surcharge mechanisms.
Share Repurchases
Executed $10 million in share repurchases during Q3, bringing total for first nine months to $24.6 million.
Capital Expenditure
Capital expenditure guidance reduced to $90 million for full year after prioritizing core distribution projects.
Free Cash Flow
Free cash flow increased to $110.4 million for Q3, up from $66.5 million in Q3 2025.
El Nino Impact
El Nino weather patterns impact fruit availability and production costs, particularly in pineapple and banana regions.
Geopolitical Headwinds
South Africa operations impacted by Middle East conflict, expected to continue into fourth quarter.
Strategic Investments
Investing in warehouse automation and robotics technology in Scandinavia to improve efficiency.
Flood Protection
Enhanced flood protection and drainage systems in Ecuador to mitigate El Nino weather risks.
Earnings Impact
Realized $48.6 million gain on Ecuador port sale, contributing to reduced net debt.
What matters most
Dole plc reported $2.4 billion Q3 2026 revenue, 3.8% YoY growth, and reduced net leverage to 1.3x after selling Ecuador port for $126.7 million.
