Dole PLC (NYSE:DOLE)

Q2 2026 Dole PLC Earnings Call Transcript

Aug 10, 2026 / 12:00 PM GMT

Release Date Price: $12.98 (-6.15%)

Transcript 10-Q8-K

Key Points

Positve

Dole PLC (DOLE) completed the Ecuador port sale, unlocking approximately $95 million in net proceeds, which strengthens the balance sheet and increases financial flexibility with a negligible impact on ongoing earnings.
The acquisition of Green Foods Fresh Produce division in Scandinavia adds a state-of-the-art distribution facility in Helsingborg, providing a strong platform for future automation and AI investments.
Diversified Americas delivered another strong quarter, with revenue up 14% and adjusted EBITDA increasing by $5.2 million, driven by strong performance in North American business and the benefits of the Berry operations restructuring.
Consumer demand for fresh produce remains resilient across key markets, supported by long-term health and wellness trends, which bodes well for the sector's future.
The company maintains a disciplined capital allocation approach, completing a bolt-on acquisition in Irish growing operations and repurchasing over 700,000 shares for $10 million during the quarter.

Negative

Dole PLC (DOLE)'s second quarter results were impacted by higher fuel and shipping costs arising from the conflict in the Middle East, leading to a decrease in adjusted EBITDA of $20.4 million.
Fresh Fruit segment profitability was pressured by elevated fuel and shipping costs, higher fruit sourcing costs, higher pineapple growing costs, and the continued depreciation of the Costa Rica colon.
The company lowered its full-year 2026 adjusted EBITDA guidance to approximately $400 million from at least $400 million, reflecting the complex and uncertain operating environment.
Diversified EMEA profitability decreased 6% year-over-year, primarily due to weaker performance in South Africa, which had the greatest exposure to Middle East disruption, along with softer results in the Netherlands and Spain.
North American banana volumes were lower due to market conditions and a focus on disciplined profitability, while pineapple volumes were down across all markets due to weather-related availability issues.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DOLE.N - Dole PLC
Q2 2026 Dole PLC Earnings Call
Aug 10, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Dow PLC's second quarter 2026 results webcast. Today, webcast is being broadcast live over the Internet and is also being recorded for playback purposes. Currently, all participants are in listen-only mode. After the speaker's presentation, there will be a question-and-answer session. For opening remarks and introductions, I would like to turn the call over to the Head of Investor Relations with Dow PLC, James O'Regan.

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Unidentified_2 [2]
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Thank you, Derek.

Welcome everybody and thank you for joining our results webcast. Joining me today is our Chief

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