Limoneira CO — Form 8-K
Filed September 9, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Limoneira entered into a definitive agreement to sell Windfall Farms property (724 acres in Paso Robles, CA) for $15.0M all-cash to a private buyer via competitive auction, expected to close September 14, 2026. Q3 FY2026 revenues were $43.8M (down from $47.5M YoY) due to lower brokered lemon sales from Sunkist transition, partially offset by higher fresh lemon prices ($19.88/carton vs. $17.02). Avocado volume guidance raised to 7.0–7.25M pounds (from 5.5–6.5M); lemon volume guidance narrowed to lower end of 4.0–4.5M cartons range. Company recorded $13.5M aggregate impairment on Windfall Farms ($9.3M Q2 + $4.1M Q3); net loss for nine months was $34.0M ($1.91/share) vs. $7.7M prior year.
Why this rating
Windfall sale ($15M = 6.1% of market cap) is modest monetization but reflects asset clearance, offset by large impairments ($13.5M) and operational headwinds (Sunkist transition, lemon volume pressure). Avocado growth is positive long-term but near-term performance deteriorated significantly.
See more from September 9, 2026.
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