Dole plc (NYSE: DOLE) reported Q1 EPS of $0.43, $0.10 better than the analyst estimate of $0.33. Revenue for the quarter came in at $2.12 billion versus the consensus estimate of $2.12 billion.

Outlook for Fiscal Year 2024 (forward-looking statement)

We are very pleased with the strong start we have made to fiscal year 2024 and believe this puts us in a good position to deliver a strong overall result for the year.

While still early in the year and forecasting remains complex, we are maintaining our target to deliver full year Adjusted EBITDA in line with 2023 on a like-for-like basis. Adjusting for the disposal of Progressive Produce, this implies an Adjusted EBITDA target of at least $360 million for the full year.

For fiscal year 2024, we are maintaining our capital expenditure from continuing operations guidance to be in the range of $110 - $120 million and are reducing our interest expense guidance to be in the range of $75 - $80 million.

For earnings history and earnings-related data on Dole plc (DOLE) click here.