Dole (DOLE) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 3.8% to $2.366B and Adjusted EBITDA increased 4.1% to $84.1M despite a challenging operating environment.

• Net income was $48.3M, with the $48.6M Ecuador port-sale gain contributing to higher operating income.

• Strong free cash flow and port-sale proceeds helped reduce net debt to $491.3M and net leverage to 1.3x.

Financial highlights

• Q3 gross profit was $168.7M vs. $155.2M; operating income was $88.9M vs. $24.2M, including the $48.6M port-sale gain.

• Net income attributable to shareholders was $38.5M vs. $5.1M; diluted EPS was $0.41 vs. $0.05.

• Adjusted net income was $15.0M and Adjusted diluted EPS was $0.16, both unchanged YoY.

• 9M revenue rose to $7.208B from $6.807B, while Adjusted EBITDA fell to $301.1M from $322.7M.

• 9M net income attributable to shareholders was $95.8M vs. $54.0M.

Outlook and guidance

• FY2026 Adjusted EBITDA guidance was lowered to $380M–$390M from ~$400M; Q4 YoY improvement is still expected, but less than previously anticipated.

• FY2026 routine capital expenditure guidance is ~$90M; interest expense guidance remains ~$58M.

• European shipping fuel costs are expected to reduce FY2026 results by ~$16M versus original expectations; North American fuel surcharges provide a partial offset.

• Pricing actions, efficiencies and strategic investment are among the stated mitigations for cost and market pressures.