Business Wire·Nov 9, 2026, 6:00 AM ET

Dole plc Reports Third Quarter 2026 Financial Results

DOLE

Dole plc reported third-quarter 2026 revenue of $2.4 billion, a 3.8% increase year-over-year, driven by operational performance in Americas & ROW and EMEA segments alongside a $47.4 million net positive impact from acquisitions & divestitures.
Net income for the three months ended September 30, 2026, rose to $48.3 million from $13.8 million in the prior year, primarily due to a $48.6 million gain on the Ecuador port sale & lower impairment charges.
Adjusted EBITDA increased 4.1% to $84.1 million, reflecting the strength of the diversified business model despite higher cost of sales in key segments.
Net leverage was reduced to 1.3x following the completion of the Ecuador port sale, which generated net cash proceeds of approximately $126.7 million.
The company completed the acquisition of Greenfood Fresh Produce in July 2026 to strengthen its Nordic market position & is progressing plans for the multi-year development of the Helsingborg facility.
Full-year 2026 Adjusted EBITDA guidance was lowered to a range of $380 million to $390 million from the previous $400 million target due to elevated fuel costs & adverse weather conditions.
Capital expenditures for the nine months ended September 30, 2026, totaled $64.4 million, while the company repurchased $10.0 million of shares during the third quarter.
The Board declared a third-quarter 2026 cash dividend of $0.085 per share, payable on January 6, 2027, to shareholders of record on December 16, 2026.
Free cash flow from continuing operations improved to an inflow of $59.3 million for the nine-month period, compared to an outflow of $66.2 million in the prior year.
Segment-specific results showed Fresh Fruit revenue declining 8.0% due to tariff impacts & adverse weather, while Diversified Fresh Produce - Americas & ROW revenue surged 14.1% on strong volume growth.