Carl McCann welcomes “solid” performance, achieved despite a “challenging operating backdrop”
Dole saw revenue and net income increase through the third quarter of the year (Q3), achieved despite what it called a ”challenging operating environment”.
Revenue increased 3.8 per cent to US$2.37bn, primarily due to positive operational performance in the diversified fresh produce – Americas and ROW, and diversified fresh produce – EMEA segments, as well as a net positive impact from acquisitions and divestitures of US$47.4mn.
This, it said, was partially offset by a decrease in revenue in its fresh fruit segment.
Gross Profit increased US$13.5mn, and Dole’s operating income climbed US$64.7mn, attributed in part to the gain of US$48.6mn on the Ecuador port sale.
Third-quarter net income jumped to US$48.3mn from US$13.8mn in the prior year, due to higher operating income and lower interest expense, as well as a loss of US$10.2mn in discontinued operations (fresh vegetables) reported in 2025.
“We are pleased with the group’s solid performance in the third quarter against a challenging operating backdrop,” said Carl McCann, executive chairman at Dole.
”The strategic actions we have taken over the last 18 months have strengthened our business, leaving Dole a more focused company today, with greater financial flexibility to support our continued development.
Looking ahead, Dole said it expected year-on-year improvement in the fourth quarter, albeit at a lower level than anticipated at the time of its second quarter results.
It pointed to elevated fuel and shipping costs, as well as weather conditions – including the effects of El Niño – that will continue to affect fruit availability.
”Due to the higher cost environment, our expectations for the remainder of the year have moderated and we are now targeting full-year adjusted EBITDA in the range of US$380mn to US$390mn for 2026,” McCann confirmed.
