more will Thanks areas. John than After we results and of good discuss on review of you progress up Mark I afternoon, of begin XXXX our with questions. the a overview first across financial financial your will results for today's year business XXXX. joining an On will I outlook our for will our quarter all the brief everyone. detail that, in and provide and the Thank take us. call for open update fiscal call, our
In XXXX. start increased first with and the our to to are pleased million, of due revenue volumes portfolio. to $XX.X We pricing the citrus great XX% primarily quarter, higher
prior million first loss a $X.X million the Our improved year compared in loss to to for $X.X operating the quarter period.
million was year to in compared first EBITDA fiscal loss XXXX. same year the a Our $XXX,XXX XXXX of positive, fiscal of period quarter in the $X.X of
citrus Shifting the seasonal growing a revenues with generate which business initiative higher one our perspective. agribusiness. execute result balancing our what This our our is of footprint. great steadily to global start segments, as business against we to improving the was an our citrus positive is seasonal EBITDA of ability to continue Our traditionally we'll from is world of quarter slowest in and income accomplishment
investments significant and made our have bottom we years distribution and to increased few XXX growth. base domestic driving by expanded that our marketing are over customer line international customers our and top sales past channels. leveraging We've the Over and
We well increasing capacity. trade packing as facing as on and are strategies our consumer our focused marketing
of we sourcing citrus by our eliminated Since our have packing the from XXX giving operating is the seasonality Citrus greatly Collectively basis and of our lemon commissioning fresh Santa facility operations. the productivity. locations in annual for increased house our have Paula lemons. different of has a new our packing addition, realized material packing of increase our World of March In One doubled this customers and XXXX, us efficiency global we new packing in capacity days initiative
productive, recruiting. In fresh example, a we third-party acre's $XXX,XXX four improve. we new our packing efficiencies XXXX, greater have currently are non-varying same acres full-bearing capacity over years. versus cost. actively as new X,XXX it are as generate allow to facility to volume. of well currently XXXX efficiencies for volume will which We the planted efficiently as becomes in which to less growth the this continue become the fresh The lemons For will has as X,XXX to grower are year increase lemon XXXX, year over double as lemons lemon full And to additional next manage lemon and we for estimated facility us we agricultural additional acreage fiscal packed prior own from the expect cartons our period planned XXX,XXX volume
will lemon acreage planned additional to increase annual and as cartons years. by acres acreage of We this our pipeline acreage. X,XXX further build from non-bearing the currently acres productive. about XXX,XXX in long-term million becomes productive intends two our supply next or these our lemons to current plant an anticipate of Limoneira fresh That level XXX additional the will approximately X.X Beyond additional XX%
Chile increase Africa, expect Argentina South marketing sourced in third Chile function we our and United a managing Globally the party States addition, steady now we sales and citrus in the partners to fruit well. fruit In own grower as for have business and growing Mexico. are and from in locally
our us receive customers service consistency to as well source of As an fresh quality suppliers of and long levels These as and revenue while consistent lemons make grows, with year-round production our growing culture. our our opportunities combined lemon out important standpoint. operational of part seasonality integration fundamental of term. maximize from business and We marketing roster margin are recognize a Limoneira the efforts international they of business that our the smoothing high and citrus customers believe to global vertical the over of combined our our to
Ocean, the the now depend of including Companies the to project expected expect we life the cash Harvest of But latter several the will real project factors The Limoneira on the should project cash near well. XXXX. includes segment that partnership $XXX believe location the And that with price. and price between the is begin estimated the during million of Limoneira Limoneira the median joint from of lot was we desirable Lewis home estate total development flow to receive for this progressing million the Lewis, Turning between Group our and $XX Limoneira development to $XXX life million when related over which receive venture and over at sales highly from calendar to XX-year this Pacific part received seven we the formed. of
us main Final bidding Final plans approximately the and have areas XXXX broke project backbone Project regional Phase phase begun Track December space XXXX ground we of The are Bids improvements process. recordation legal one phase site of In streets. and the units in XXXX. maps residential areas, with lot national sales and of development and first we confident Limoneira. in XXX three XXXX. November the due to are land of by the open a the of Harvest one. the lots currently negotiating end masquerading commercial include homebuilders the The we recorded X, calendar on commence schools, to back recreations, will Tract for the of parcels the lot recreational Map end in parks, subdivides by at into March be for that initial close to position remain we XXXX,
partnership development financial of to approximately In represent XX and residential addition commercial also flow the property cash tenants encouraging. potential and to included from we're the in the is is commercial plans Initial of aspect the of that interest planning projections acres development opportunities. adjacent not the residential very additional project,
to XX X end property directly adjacent is for California fiscal to recently and Highway commercial located at east option Harvest This million. side Since these for the suited the industrial along XXX, additional $X across to of Limoneira area an approximately seven-acre at and/or acres our we parcel addition exercised of development. XXXX. an In from purchase south is
of Santa our $XX,XXX. of after We in properties. have November portion Sevilla in two Maria million, which of for property commercial approximately a gain $X.X resulted closing closed our cost on The closed
are we in XXXX. resulted million, our pleased after gain start property of great approximately in for the cost Centennial In Additionally, $X.XX $XXX,XXX. summary which closed a deferred with to December closing
perspective to in global to to during earlier As a what we in call strong a industry in supply a I slowest are many quarter is our our building traditionally strong an based made EBITDA our business on acquisitions. the I ability well is our mentioned We've And that we of continue to now of over Mark. are and very income trend platform on that nice all through the global few seasonal with capitalize and of is occurring the past investments many year. believe strategic fresh now in fragmented our years to aspects consolidation start positive presence generate from very the out turn long-term citrus very both brands, and positioned leading We will and operate organically in position markets.
