Dole plc announced its financial results for the third quarter ended September 30, 2024, reporting a revenue of $2.1 billion. This represents a 1.0% increase year-over-year, and a 5.8% increase on a like-for-like basis, indicating underlying operational strength.
The company's net income for the quarter decreased to $21.5 million, primarily attributed to the absence of an exceptional gain recorded in the prior period. Despite this, Dole plc's operational performance was positive, contributing to a strong positioning for the full year.
Following these results, Dole plc raised its full-year Adjusted EBITDA target by $10 million, reflecting confidence in its continued performance. This upward revision provides investors with a more optimistic outlook on the company's profitability for the remainder of 2024.
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