Dole plc reported a very strong performance for the second quarter ended June 30, 2025, with group revenue increasing by 14.3% to $2.4 billion, or 12.1% on a like-for-like basis. Adjusted EBITDA rose by 9.3% to $137 million, reflecting robust growth across all continuing operations segments.
The Fresh Fruit segment delivered an Adjusted EBITDA of $72.7 million, surpassing expectations despite anticipated operational challenges. This performance was driven by higher worldwide volumes of bananas and pineapples sold, coupled with increased pricing in North America and Europe, though headwinds from higher sourcing and shipping costs persisted.
The Diversified EMEA segment had a very strong start to 2025, with Adjusted EBITDA increasing by approximately 15% to $49 million, driven by robust revenue growth in key markets such as the Nordics, Ireland, and the U.K. The Diversified Americas segment also delivered an excellent second quarter, fueled by strong performance in North America and Southern Hemisphere exports.
Adjusted net income for Q2 2025 reached $53 million, and adjusted diluted EPS grew by 12% to $0.55 compared to the prior year. Following these strong results, Dole plc revised its full-year 2025 Adjusted EBITDA guidance upwards again, to a range of $380 million to $390 million, reflecting confidence in its continued operational momentum.
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