Dole Q3 Profit Rises, Cuts 2026 Outlook

Dole reported third-quarter 2026 revenue of about $2.37 billion, up 3.8% from a year earlier, and adjusted EBITDA of $84.1 million, a 4.1% increase. Net income rose to $48.3 million, helped by a $48.6 million gain from selling its Ecuador port; the company also reduced net leverage to 1.3 times. Results varied by segment: Diversified Fresh Produce Americas and Rest of World and EMEA grew, while Fresh Fruit revenue declined amid lower banana and pineapple volumes. Higher fuel and shipping costs, particularly in Europe, and weather-related supply pressures weighed on operations. Citing the higher-cost environment, Dole lowered its 2026 adjusted EBITDA target to $380 million to $390 million.