Dole PLC reported solid growth in revenue and earnings in the second quarter driven by a strong performance in its fresh fruit business.
Net income for the quarter rose 8.1% to $52.3 million, while adjusted Ebitda totalled $122.7 million, up from $111.8 million last year.
Adjusted net income fell to $48.4 million from $52.4 million in the second quarter of 2022, predominantly due to higher interest expense.
“We are very pleased with the strong result for the second quarter, delivering adjusted Ebitda growth of 9.7%,” said executive chair Carl McCann.
Dole attributed the growth to a strong performance in the fresh fruit and diversified EMEA segments, offset partially by its diversified Americas segment.
“As we progress through the second half of the year, our performance for the first six months gives us confidence in achieving our targeted adjusted Ebitda for the full year of at least $350 million,” McCann added.