Dole plc (DOLE) SEC Filings & Earnings Calls

Input cost inflation

“higher fruit sourcing costs in pineapples, due to a combination of the strengthening of the Costa Rican Colón against the U.S. Dollar resulting in increasing input costs, and more recently the impact of adverse weather conditions reducing supply” · word for word

Fuel cost pressure

“elevated shipping costs in both European and North American markets due to higher fuel costs” · word for word

Legal settlement risk

“non-recurring charge associated with the settlement of a historical legal matter” · word for word

Fresh Fruit cost pressures from higher fruit sourcing, shipping, and fuel costs may persist.

“Higher fruit sourcing costs in Fresh Fruit segment; elevated shipping and fuel costs.”

Geopolitical uncertainty and currency headwinds (Costa Rican Colón strengthening) could impact margins.

“Geopolitical developments continue to create uncertainty; strengthening of Costa Rican Colón against USD.”

Adverse weather conditions affecting pineapple volumes and costs.

“Pineapple volumes lower due to adverse weather conditions affecting fruit availability.”

Input cost inflation in Fresh Fruit segment

“The decrease in Fresh Fruit Adjusted EBITDA for the three months ended March 31, 2026 (17.0%, or $10.8 million) to $52.6 million was driven primarily by higher fruit costs in bananas due to higher overall sourcing costs in the market and higher fruit sourcing costs in pineapples, particularly due to the strengthening of the Costa Rican Colón against the U.S.” · word for word

Tax audit exposure

“One of the Company’s foreign subsidiaries is under tax audit for the year ended December 31, 2017. In 2023, the tax authorities issued an assessment of approximately $23.5 million, including interest and penalties.” · word for word

Higher fruit sourcing costs pressuring Fresh Fruit segment margins.

“Adjusted EBITDA decreased 4.3%, primarily driven by higher fruit sourcing costs in the Fresh Fruit segment.”

Ongoing conflict in the Middle East creating complexity in operating environment.

“While we are experiencing complexity in the operating environment due to the ongoing conflict in the Middle East.” · word for word

Crop disease (TR4) risk to banana supply

“Instances of Banana Fusarium Wilt Tropical Race 4 ("TR4"), a serious vascular crop disease that affects bananas, occur in certain areas where we source product. TR4 significantly reduces productivity of banana crops and destroys affected banana plants.” · word for word

Adverse weather and climate change impact

“Fresh produce is vulnerable to adverse weather conditions, including windstorms, floods, drought and temperature extremes, which are increasingly common but difficult to predict, the effects of which may be influenced and intensified by ongoing global climate change.” · word for word

Input cost inflation (fuel, paper, agricultural inputs)

“Increases in commodity or raw product costs, such as fuel and paper, due to inflation or otherwise, or changes to their availability, could adversely affect our operating results.” · word for word

Labor cost and union disruption risk

“Overall tightening of the labor market, increases in labor costs or any possible labor unrest may adversely affect our business and results of operations.” · word for word

Transportation and shipping disruption

“An extended interruption in our ability to ship our products could have an adverse effect on our business, financial condition and results of operations.” · word for word

Fresh Fruit segment margin pressure from higher fruit costs; net income decline due to non-cash charges

“Fresh Fruit Adjusted EBITDA decreased 11.6% YoY; net income down 42.8% due to non-cash discrete tax charge and impairment charges”

Transaction subject to regulatory approvals in Ecuador; may be delayed or blocked.

“consummation of the Transaction is subject to regulatory approvals under the laws of Ecuador” · word for word

Fresh Fruit segment Adjusted EBITDA declined significantly by 36.7% to $27.2M, partially offset by Diversified segments.

“Fresh Fruit Adjusted EBITDA decreased from $42,904 to $27,153”

Net Income decreased 35.7% due to a loss in discontinued operations (Fresh Vegetables sale), including a $14.7M loss on disposal and $8.2M non-cash fair value charge.

“Net Income decreased to $13.8 million, due to a loss in discontinued operations... primarily due to a loss on disposal of the business of $14.7 million” · word for word