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Dole Food Company, Inc. Announces Fourth Quarter And Full Year Results

“As announced on February 22, 2013, we expect fiscal 2013 Adjusted EBITDA for the new Dole to be at the low end of the guidance range previously given, with the continuing declining trend in fresh fruit performance principally due to banana market conditions, assuming no major market changes,” continued Carter. “While the current environment in the banana market remains challenging, we are optimistic that this transformative sale transaction will leave the new Dole with the financial and operational flexibility to grow in this competitive environment.”

Selected Financial Data from Continuing Operations (the two lines of fresh produce businesses remaining with the new Dole)

    Quarter Ended     Fiscal Year

 

December 29,

2012

    December 31,

2011

December 29,

2012

    December 31,

2011

(In millions)
Revenues $ 888 $ 962 $ 4,247 $ 4,778
Operating income (loss) (71 ) (8 ) 17 101
Adjusted EBITDA from continuing operations (12 ) 11 146 196
Comparable Income (loss) (52 ) 4 44 122
 

See “Non-GAAP Measurements” below for discussion of EBIT before discontinued operations and Adjusted EBITDA from continuing operations.

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