Dole Q3 Results
Dole Food Company, Inc. has announced their third quarter 2012 results. Adjusted EBITDA for the quarter was $62.4 million compared to $61.1 million in the third quarter of 2011. GAAP loss from continuing operations for the third quarter of 2012 improved from a loss of $47 million in the third quarter of 2011 to a loss of $13.6 million this quarter. Comparable Income from continuing operations for the third quarter of 2012 improved to a loss of $5.3 million compared to a loss of $12.1 million in the third quarter of 2011. David A. DeLorenzo, Dole’s President and CEO stated, “The third quarter was challenging on a number of fronts, including the continued quarantine issue between China and the Philippines, as well as adverse growing conditions and foreign exchange rates.” He continued, “We are pleased that despite these events, we were able to improve performance, compared to last year, in most of our operating groups.”
