Despite a 2.5% dip in fiscal year 2023 revenues compared to fiscal year 2022, the CEO of Santa Paula-based Limoneira says he’s pleased with the agribusiness’s year-over-year performance. Limoneira has made several strategic moves to improve its financial health this past year. “We achieved our full-year avocado and revised lemon volume guidance despite harsh weather
Santa Paula-based Limoneira’s fiscal year 2023 revenues dipped 2.6% from fiscal year 2022, $179.9 million compared to $184.6 million, the agribusiness reported Dec. 21. For the fourth quarter of fiscal year 2023, the company’s total net revenues were up 4.3% compared to fourth quarter 2022, $41.4 million to $39.7 million, the company said. Fiscal year
With the stock market hitting the pause button for the most part as we head into December, it’s hard to know whether it’s the doomsayers or the Santa Claus rally squad who will prevail. But as we wind up a topsy-turvy 2023 with the S&P 500 within 5% of its all-time high of
An arbitrator has awarded more than $155 million to a Florida-based mortgage services firm over alleged unauthorized use of its confidential information by Westlake Village-based mortgage lender PennyMac Financial Services. The Florida company, Black Knight Servicing Technologies, provides electronic mortgage services and software to the mortgage industry. PennyMac is a former client of Black Knight.
Santa Paula-based Limoneira’s stock price has jumped about 24% since Dec. 1 when it announced it’s looking into selling some or all parts of the company to maximize value for its stockholders. The 130-year-old company, one of Ventura County’s largest agribusinesses, said another possibility could be a merger. Limoneira is a producer of lemons, avocados and other