Management CommentsHarold Edwards, President and Chief Executive Officer, stated, “We are pleased to report a strong financial performance in fiscal year 2012, as we improved both our top and bottom line results compared to last fiscal year. Our total annual revenue increased 25% to $66 million, primarily reflecting the strength of our agribusiness—in particular our lemon business—throughout the year. We achieved solid Adjusted EBITDA of $6.9 million and generated cash from operating activities of $6.3 million in fiscal 2012. Due to our consistent cash flow, we continued to pay a quarterly dividend and announced a 20% dividend increase in September, underscoring our confidence in our business going forward.”
Limoneira Company Announces Fourth Quarter And Fiscal Year 2012 Financial Results
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