Dole plc reported second-quarter 2026 results on August 10, with revenue climbing 2.9% to $2.499 billion for the three months ended June 30 and net income more than doubling to $35.1 million, even as Adjusted EBITDA fell 14.8% to $116.8 million on higher fruit sourcing costs. The Diversified Fresh Produce - Americas & ROW segment was the bright spot, with revenue up 13.9%, or $53.8 million, and Adjusted EBITDA up 33.8%, or $5.2 million, on seasonal North American cherries, kiwi and avocado growth and better southern hemisphere export pricing. Fresh Fruit Adjusted EBITDA dropped 30.9%, or $22.5 million, as Dole absorbed higher fruit sourcing, shipping and fuel costs, weather-hit pineapple growing costs and a stronger Costa Rican Colón, while segment revenue was essentially flat at $972.8 million. The company completed the sale of its Ecuador port on July 1 for roughly $95 million in net proceeds and closed the acquisition of the Greenfood Fresh Produce division in Scandinavia, leaving net debt at $746.1 million and net leverage at 2.0x as of June 30. Dole declared a quarterly dividend of $0.085 per share on August 7, payable October 7 to shareholders of record as of September 16, and repurchased $10.0 million of stock in the quarter at an average price of $13.88 per share, with $85.4 million still authorized. Group gross profit fell $23.0 million and operating income dropped $55.7 million, hit by a $23.054 million non-recurring charge tied to settling a historical legal matter, restructuring costs and the absence of prior-year Hawaii land sale gains, while Adjusted Diluted EPS came in at $0.46, down from $0.55 a year earlier.
Dole PLCQ2 revenue rose 2.9% and net income more than doubled, but Adjusted EBITDA fell 14.8% on higher fruit sourcing costs and a $23.054M legal charge dragged operating income down.
