DOLE - Earnings call transcript Q1 2024

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Operator

Welcome to the Dole plc First Quarter 2024 Earnings Conference Call and Webcast. Today's conference is being broadcast live over the Internet and is also being recorded for playback purposes. [Operator Instructions]For opening remarks and introductions, I would like to turn the call over to the Head of Investor Relations at Dole plc, James O'Regan.

James Regan

Thank you, Pam. Welcome, everybody, and thank you for taking the time to join our first quarter 2024 earnings conference call and webcast.

this call Chief our and to Operating Financial Jacinta the Rory Executive our supplemental on be Officer, our will Byrne; Officer, Devine.During remarks. me today presentation Chief is Officer, Chief referring Joining to we slides call, Johan Linden; available Dole And along plc are website. earnings Investor Relations other related release these, the and section our materials, with on of the within our Take harbor will theProvisions statements of today forward-looking safe the remarks note, laws. certain securities federal include plan they disclaims be the materially filings SEC made set and update These revise a expressly of releases. reflect that press statements.Actual expressed and differ are the company due those to forth outcomes wide any or in may circumstances implied from those may to range our obligation or including results of any forward-looking or factors, of comparable our in reconciliation Information to financial regarding press to measures.With includes turn the call GAAP the to that, also release, use be measures pleased today's a may found most Rory. non-GAAP which over I'm

Rory Byrne

you, joining financial discuss us thank the to today you for turning Slide the James. highlights for X first first QX. we results for and our and as Welcome, Thank of quarter XXXX.So everybody,

leverage The Express. disagree due transactions. to of sell have been repay to was highlights robust and operational customers, are benefits with used foreign Fresh The and another Diversified first employees, And increased Fresh and we're ongoing to results indeed million. stood moving Xx.During and exchange our a shareholders.Turning line performance divisions, decision strong basis, the following million continue Dole Efficient segment have our -- the event, segment. Diversified XXXX. adjusted the to to in Produce capital delivered actively M&A. the Fresh performance proceeds to moved increased to approximately complete diluted increased in $X.X sale EBITDA Produce the to segment In X.X% EPS this X.X% consumers. to the in This our any our at performance are to very of the strong XX% segment in EBITDA QX In XX.X%, and to in for decision for proceeds quarter, allocation growth were in While strongly net net this have EPS X best quarter our of like-for-like $XX.X share. to our and the by The to starting increased of a $XX.X XX% Fresh in management impact the have another with Slide interest million. quarter to Fruit Vegetable the increased this $XXX Produce end net customers a would agreement stakeholders, continued a is opportunistic income and $X.XX was and alternatives in adjusted quarter, billion the million. Fresh EMEA that On Progressive the And of priority very we performance terminate all division the EBITDA and adjusted to regard, our consistent the of to segment.Adjusted excluding adjusted termination now the the announce debt. $XXX pleased growth of stable EBITDA Group. partners after-tax unlocked of Fresh million driven interest first Americas disappointed with to are we the in plc adjusted in key exploring Fruits of we onwards report we our per at sale litigation with by XXXX. pleased pro-competitive and close we're was in from $X.X believe that decision revenue DOJ's transaction XXXX, good Group our and strategic pursue We adjusted realizing to March,

build Firstly, to and at the pineapples first our costs.In from costs and sourcing XXXX year and shipping and turnaround cargo well with pricing, lower America, offset in lower benefiting operations perform excellent shipping North are quarter in bananas good Europe, of progress higher costs. in higher to on reduced particular anticipated, continuing an as to we fleet in customer by commercial and profitability, some continued lower volumes some looking XXXX, driven

docking-related our our dry shipping the see the due where also year. side, While XXXX, competitiveness costs but environment consistent and competitive in on the are we remainder ahead market anticipating regulatory periodic Europe area we for operations, of North this a an for of and America changes, to is in in remains to a source costs.Looking reliability higher to both part continue

in on to believe appreciation win side, as key challenges the our continued to lower well while yields continue we impacts. these sourcing to new we some this complex, we our managing able and well to currency However, additional such our expand and as have are varieties.On own offering continue our regions products maintain some challenges focus been and managing face with to is due we due business competitiveness And weather-related as to sourcing forecasting to competitiveness. efforts

operational Diversified this base, driving As and management diverse the our risk management focused And are in and and to strong customer consistent XXXX.Moving delivering with EMEA ever, keenly confident division our segment. in are strong efficiencies. on performance experienced in another infrastructure together and we sourcing team on

growth. driven was drive contributions the to saw Europe volume investments into by while we in the continued did coming of EMEA of higher improved balance several EBITDA margin in quarter XXXX we mostly its strong. on side, and side see a margin and by Northern Diversified Revenue from growth Africa.On regions, benefit markets. Adjusted we first pricing, delivering in start the was making of South seen most momentum good the particular in an the revenue, expansion XXXX, are Our the across end through has continued strong higher being with growth And result. segment driven remained quarter the this growth

as Diversified bolt-on further internally performance benefit prior through into we across of acquisitions opportunities.Our in opportunities ever, opportunities volume Overall, operational As integration Americas our marketplace. to will expansion and continue segment underlying in our positions, the first quarter be market performance leverage we'll strong delivered investment to continue opportunities pushing synergies, this driven segment are good than to to the excellent variations, Diversified the we positive XXXX by results targeting and that seasonal and in drive quarter attentive years. by segment, EMEA to more of the European some an invest drive

particular have volumes apparent of year. was products saw XXXX the and both the first indeed business, which have the of of and than last our South on weather for first notable XXXX. been in noted timing on cherry Chilean higher As the our call, El impacts the out in XXXX quarter of in that quarter exported fourth patterns Nino of volumes in much prior This in quarter the America

blueberries, factors, side, in in with volume business, While across very this our a healthy avocados, chain improvements export was good we cost American in also different cherry as an well of marketing important South benefit and saw the as and American and all most underlying grapes, strong commodities. while from continued in positive the Chilean particularly season growth from for different which on also the price quarter sources.Excluding supply basis factor windows an volumes seasonal timing was on of variations some North

our products XXXX, we be improved the the value-added first in of our packed as businesses operating in for from operations. driven over as quarter an dynamics As may to our review targeting quarter. our vegetables a There well businesses, American I'll look further across berry healthy first the South was of strong to export give with Fresh the we're improved well no are small dedication in the turnaround and we the performance to the this volumes North products.And into performance of American the as due part the employees. fresh category higher performance as most financial by you accelerate pleased division. to Vegetable in business and result Operationally, The for sub-segment continued pricing hand in challenges on has management to positive substantially that, Jacinta year.Moving very to in that maximize performance full

Jacinta Devine

day, Group X. on and results Slide Thank you, the good turning to Rory, everyone.Firstly,

factors net the the Produce strong million Stripping out, revenue following the disposal. are increased growth like-for-like increase the on offset and these across increased Produce with delivered driven like-for-like by segments. strong the $XX approximately $XX in Revenue quarter Revenue year. financial a billion segment. performance million segment total segments. the to an quarter higher accounting the from Americas this of We write-down which of Rest $X.X increase from increased and Net another pleased currency X.X% On X.X% all basis.Adjusted Americas in within was a a goodwill first the the Fresh reviewed was in X impact goodwill Diversified EMEA, a and 'XX. income million, to goodwill performance have EBITDA foreign a benefited or for offsetting $XX increase Produce lower million. $XXX positive XX.X%. was from remaining non-cash million After Produce, million, $XX.X a of booked our this Progressive in disposal non-cash of within driven sale expense adjusted Partially income QX debt interest the the reduced. World and on million for EBITDA, Progressive gain write-down or as of $XX.X by first $XX.X reduction acquisitions in in basis, was revenue The Progressive we

basis, net sale and adjusted the this base mix. on compared higher write-down, to on expense, year. adjusted was adjusted depreciation expect profits, Diluted the of was the tax interest the a we $X.XX. higher an EPS million as a asset jurisdictional continue the a and sale increased partially increased diluted On grow benefits segment profit driven offset are to goodwill XX% $X.XX adjusted Progressive XX% higher by prior predominantly tax However, in EBITDA Produce operating increased Produce to of gain and the by realized.Income income The strong expense. to $XX.X to and and increase due gain Progressive of to EPS lower $X.XX excluding

increasing had by quarter. consequence Fresh as $XX.X X.X% mentioned, starting Slide and and primarily non-cash was pricing, the delivered our termination sourcing Slide transaction.Now turning costs.Now this worldwide to by partially was a margin due an first worldwide operations, Fresh from the result for higher favorable bananas to Rory income turning banana increased and higher reduction Express on EMEA The the was in up Diversified was in a increase $X performance a increase lower adjusted U.K. in with Vegetables X.X%. Fresh consistent EBITDA well volumes prices. of XX. million X%, updates as primarily revenue Diversified strong As the operating Revenue of approximately in pineapple Ireland tax due Fruits quarter $XX acquisitions. offsetting EMEA of contribution This Fruit the revenue fruit another The The continuing movement worldwide a offset million in Fresh the asset driven EBITDA million. in pineapples to division adjusted increase to and and segment Fresh delivered business and divisional strong good of The strong result lower a volumes a and as with delivered of on XX. FX Produce

segment volumes a positive foreign XX%.Finally, a range and X.X%. due The strong March. basis, by as million of Fresh impact was differences on well Rest most impacts, by EBITDA by commodities. across difference as and and increase from the South a products. sale Progressive Americas Revenue of million, well seasonal in impacted Adjusted higher Northern also performance volumes these World. other quarter, Produce and strong driven Diversified seasonal XX.X%, increased Americas pricing of Excluding a driven of translation. higher volumes increased $X.X Africa $XX Diversified Revenue Produce and to increased during was primarily revenue as timing Like-for-like, Europe of and had by from improved benefiting currency like-for-like the avocados pricing cherry timing as

QX, are a the like-for-like increased EBITDA Produce XX so like-for-like its The the cash was our on to a our increased in expected allocation and Produce revenue discuss in partially the following timing quarter allocation impact higher drove in very adjusted seasonality to Easter period. Progressive Progressive revenue outflow which out at Stripping to from result. revenue that And by to which We leverage. basis, further an the adjusted and impact and Also, driven the capital quarter strong out XXX% offset or had receipt first higher of disposal, a pleased collections adjusted of $XX This the the million. capital we from over was in now EBITDA, close seasonal was EBITDA higher proceeds higher capital due the to Slide quarter contribution leverage Xx. and reduced year-end working the by of disposal around the our year and than capital basis, working managing remain focused favorable the reduction on The earnings increases outflow.As leverage of million.Turning on XXXX. $X payables. and generation, QX full receivables call, our balanced by impacted benefited higher was discussed

was Our lease. $X expectation expenditure by this a the course million typical following cycle is first our in in million we from business.Cash of over that the and $XX.X reverse working year of of continuing will capital further capital operations the the finance quarter seen way added assets

million to $XXX million proceeds the sale. $XXX full continue in due prior year. For loans term total our lower of the quarter Progressive year, to Produce end, compared expense of we range debt repaid Post the expenditure we expect to Interest million. $XXX using decreased the levels capital from to the

shareholders, on year, are be the expense, a which the record give interest shareholders to of our cash full year outlook. to update to now $XX be on I June $XX will expect to 'XX pleased X, return hand an we quarter, commitment For including paid we will full declare back July who Continuing to operations for with our Rory, XX, $X.XX million. will million dividend to discontinued fourth our on you 'XX.Now on to

Rory Byrne

pleased believe said, this to we've position for strong puts result with to deliver in I as that start made us we Well, Jacinta. the and good very XXXX, strong a a year. Thanks, we're the

well EBITDA very at now keenly with While for target forecasting a XXXX we full Produce In least adjusting excellent the implies line year focused and also the the adjusted continuing all year.In once on while in for commitment an we'll hand people maintaining dollar on pleased on as it's we've Group dedication to are the customers XXXX advancing ahead. across that, and priorities million want to still drive are Dole with to with early for like-for-like our that I momentum ongoing again back operator, all and as open suppliers, plc in remains target the for in by terms, disposal, complex, the I'll strategic thanking quarter, our their full the we're our support.So had ongoing you basis. EBITDA forward the our the year second to line of questions. their start excellent deliver this finish Progressive adjusted $XXX conclusion, and year for in to

Operator

first [Operator Samuelson Sachs. Goldman line Instructions] Your with comes from the question of Adam

Adam Samuelson

guess, properly clarify just contribution, the both for year and Produce the I to the to forward. way the I prior guidance that Progressive what the wanted calibrate Yes. and implies in

million, saying on of $XXX you're a is this So EBITDA basis. year which like-for-like flat

in You XXXX reported EBITDA million. adjusted of $XXX

which segment? pretty implies maybe dramatic component kind World, more was $XX of XXXX, some of the or the Progressive quarter that Diversified Rest historical So on months just should final was of of World we to that of interpreting overall contribution of rest the Produce that million EBITDA X EBITDA the X.X to in context of be business And on start? maybe performance relative Diversified the Rest Americas, Americas, a

Rory Byrne

I $XX.X year, number our Progressive million. for Yes. reported was mean, Produce last

guidance, million or do gets the so we off -- the but So that subtracted math, million that that $XXX when which million. the down $XXX to you like something guidance million $XXX.X the $XXX and of we is the

elements in yes, underperformance the we out prior the of mean, and I some division called that Diversified other So had years.

that a first business aspects had first quarter. the in most of actually quarter have We strong in

so last have confident year or course that's So shape. we're good we'll in good of piece the is that And work over been the the over remaining a in business undertaken performance of the turnaround that XXXX.

Adam Samuelson

Okay.

has prior quarter, adjusted And company still Progressive for quarter. for million so Again, the most the year was first year-over-year. The you up of number in there. EBITDA have the in Produce it $XX

-- flat year. for full but So the saying you're year-over-year

like-for-like costs, some from about implied the you I the those year? know implication think of I sure make just the want balance shipping declines of dry to year. out implying just And Rory. how dock called EBITDA balance -- and the So the basis on you're and the first to decline anticipate of help for Maybe quantify quarter go in growth -- realized in particular, us the for the a we

Rory Byrne

with exact Yes. I number of sensible not number. definitely trying know, mean, up an Adam, to the science. guidance, we come whole question is think very as is that you a We're a

to factors now we try of a we how big couple the do reasonably guidance, There's there. in history that. With conservative be think I given out of

If some in QX. reporting group in significantly peer challenged our reported at have you this look quarter, numbers

you the I Fresh up One, of factors. size Monte, during diversification look We out bit to that million. those If their of upped the full Del $XXX our gives two, at as for scale often with you with and things. well at that cautious X exceeding both year compared significant and in XXXX, our a look and of comfort million. to.So little business advantage the X that gives us you need with assessment back guidance And companies we that got a we've year that year we're our started model tells of as based coming similar companies.We look on over that us ended $XXX the we it suppose were at [indiscernible] example, a some you how be earnings

are XXXX. we of So the that 'XX. we have clearly stated issues that in we flagged some in overperformed There

we've but significant a advantage contribution of us the we but example, For was not gave and of something when freight we the out.So the advantage that and called the high, took was a around of that backhaul impact it's will strong take for question doing flagged, market us of and right have that example, our that it some the that for to dry we market, docking the on the is cost a that few there's numbers. capacity you sustainable ships, of factors replacement planked an have got

really the So on not an the the And the best we'll over message We've the as sand it's is as we year. can. remainder the here of beating main exact focus ever, science. in set target line

Adam Samuelson

I could Okay. one in. squeeze And one if final just

Progressive X.Xx. proceeds Produce from forma basis, the leverage or is net an With basis adjusted pro on trailing

gross than about of how You've the used share on and kind know think risk-adjusted potential still prospectively where kind bolt-on stock I we But sale think debt how capital Vegetable at I here we would given about think stock allocation cash you the given about juncture. for finalize. of do deleveraging But the proceeds prospective where this help better reduction returns your the look repurchase to would think M&A. from of have is? use Fresh is, us

Rory Byrne

the I of -- rating multiple like $XX somewhat Yes. stock the obviously, we'd disappointing. gross the mean, to Progressive applied our overall bill a price. the We deal is business, something value share have

obviously point. buy It's be got of acquisitions. with your we've acquisitions rating. examined are current to well whether as buybacks, short-term, the it's certainly current frustrating our rating significant that all any clear dividends, as allocation some on that's and But quite to -- hard them capital So are questions to being continually going the in that's that the

big what about a a obviously determining absolute that for And in big number, factor will final And some acquisitions will in our be be enhance so division. It example. have is this where to can element Vegetable capital. of got parts of allocate debt the strategic we some our have material we to the focus way.We question the with that on outcome regard

capital. do ongoing and as So mind might of interest we a the we've very in all best allocate to all shareholders. analysis into our our of long-term got we of And the that best where how those interest of the open questions go

Operator

question comes Deutsche from of next the Bank. line Barnes Your Christopher with

Christopher Barnes

around of perspective rightsizing and we to With would year. from mentioned that continuing spoken claw Produce that you've out, divested think But that be business just wanted office just ask some I EBITDA of opportunities and you recover and opportunities last the overheads going to about $XX.X of potential EBITDA discussion. savings wanted I allocations. million profitability. follow-up profit. In head coming just helpful to past, any the back Progressive to as forward to Rory, additional some the around

Rory Byrne

Yes.

in really would I the think to the we levels on hope at division, components tell right back remaining getting we're of the level. the area biggest that that that focused it profitability is

the that's central structure is whether the critically the right can think on in go number I and under head the the with of under it can end business we up structures. business. our with just of little the to the that scale area years to where level down the overall grouping business. for but Vegetable terms office over profitability constant in that examination, level find depending different we management A dictate integration post in IPO, costs cost the cost answer South Produce, operational disposal the we American management difficult all where at in cost may last on the maximizing or of the think bit American appropriate and division our focusing it little with it's of a one be the the at North if I Progressive a Vegetable really team business.And But and

well those prior we with supply years, supply the like chain I highlighted business badly it's a think post-pandemic chain suffered disruption. that in issues,

that a of profitability giving down So settled it's issues really better those a from. and have to lot have platform that launch, much business

be will of that focus XXXX. big over the course So the

Christopher Barnes

what's offset seems pricing, Got to Fresh costs it. profitability? on the lower lower this you help volumes and then, quarter, on very the increased Could globally but just elaborate also Fruit North transpired, just to I highlighted it which in like weighing switching you business, guess, better And That's helpful. you nice Last driving quarter. better results gears got top-line pricing. the and looks have competition America sourcing on

continue? the look this forward, you point us relative like in looking what strength outperformance expect help to like And could supply and at guess, like year? or I demand do just conditions relative frame you then So this is

Rory Byrne

Maybe cover Johan please? one, you might that

Johan Linden

Yes.

always, to Christopher, But demand that look So lot and being it there is in see bananas, so business, of our segment, a are, Fresh at as also particular, when pineapples, comes solid. our we overall, when but parts. Fruit we moving

are So for course, and is is -- consumers want alternatives, there cheaper there looking of of bananas People the products. one out our them.

the good At fight the same politicians. margins. demand retailers So get is and solid. books the see the on really They're after pressure to putting of self time, going trying in inflation we shouldn't

So it's a lot a of pressure Ecuador. on tight farm if margins. very But We is -- at have has is supply about the you in the expensive. remember, Rica same as time, maintenance in on of we supply colon Costa is -- also talked see tight. The costs of back high poor consequence that input the

not are of the farmers right some the maintenance. So having

supply you down.So is the coming pressure. good Retail So is demand. putting have

paper. You same At example, costs supply input as time, tight. when some have comes, the being it you cost on the for have giving

that have the we very put you diversification with the well. if everything are we very this that customer we geographic that volatile feel situation feel diversification able to handle we together, we So and the supply have, diversification,

similar So bit we of we're then to comes a cargo, a year. that it a of the business drawback when shipping and looking downside as at more have. our commercial last little or less course, But

Operator

of line question from Gary Davy. with next the Martin comes Your

Gary Martin

congrats of on strong a quarter. First all, very

on just think in I of year?And growth remarks, more Americas. regards Can to bit recovery in detail on that? exceptional what market also, a volume just of been regards a just shoots with that the it much continue timing-related? green with just a kind of whether seasonal expected and of of to quarter. on kind details this few I half the just the side, the you kind a you regards terms with my And I berry North the in kind questions bit the weaker seeing of you're kind Diversified because just is then just to secondly, us prepared more Diversified much of get just off How And inflow? into where to seeing from give back Is year? expected of know congruently, Just to I bit America you're mean, mentioned mean, one-off quarter's with into of side? are rest with how EMEA. could regards of Is to it's we the continue of the these cherry results? starting

Johan Linden

those. I'll take

across falls one, South within of EMEA really we've that Africa, good had On of solid additions division, say a performance. geographies operating I to a the that well. had think Scandinavia, some bolt-on in particularly our performed all performance our it's that very businesses fair doing that Diversified division well to very we're into they and lot of which as have

has work period in over continued long to probably it in done and without to the of there's of I performed So that to did period segments doubt. is that more particular now. season, downs been that. doing there's for a exceptionally that's our of project that, whole long a be be to grow right time it's but big terms a think a Americas, ups very business long cherry XXXX.I more few to bit In We're successfully and that's and involvement segment strong berry I -- a QX think over get years time, lot of overall, a is a period a we done a of and probably But the with think have fix work on an individual within it.

of the volume of QX. QX may 'XX came that into into fallen historically have Some

in us does it the just satisfactory season the better highlighted performance a 'XX QX cherry QX with prior line -- though for year. is that even So slightly and give season overlapping 'XX

end the I So at that We timing well. it's as just think on flagged that. the of year

elements slightly other you course year. see normal in to than balance and that satisfactory year. out that the have Again, comfortable better we're going So Americas we're will within of over outcome definitely of a that will the coming a business there's the QX the Diversified for

Operator

Your next question with Bienvenu of the Ben Stephens. from line comes

Ben Bienvenu

on So quick question balance sheet. the a firstly, just

terms satisfied you paydown and in likely and repurchase? April, that less sale debt of allocation the think the investments capital subsequent should perhaps kind as or we Produce growth flow removing reduction to more the With likely of to today? that have or go of with to a of about the bucket of excess inorganic sheet you balance cash of Progressive through are debt any debt share either positioning is organic growth And in go

Rory Byrne

we're pipes which item it potential all those not all comfortable into Yes. our how [indiscernible] the go of leverage. evolve. dynamic factors I as assess based on in in is the put obviously, mean, Xx the on And I capacity. a there And of financing mix, we said, as at we factors potential along we significant least

Ben Bienvenu

Okay. into Thinking that today? business, margin we're kind about years pressures potential do in a and of can of all it impacting as the margin any margin continued the embedded are and industry volume of over about balance of that the in seems thoughts path on you your have XXXX? expansion sustain profile variability business, that seen business price your the XXXX? in the you And last past others you of and it overall EBITDA several cost you see worst we've think the the Just industries. cost versus we you the on to profile inflationary think really the When

Rory Byrne

bit probably impact look a you business than more inflation, of certainly inflationary an mean, our big complex stable is just I is times Yes. while times, little back a more exaggeration. at much on got an managing

pretty we that on period I overall time. different on and our survival I to pricing price objective and remarkably margins our think issues we've well the in and some last the think And We've our long years diversified whether inflationary inflation getting our constant Diversified improve is few within managed, always one Fruit have adjustments segment. through Americas divisions it's the our well had inflation models managed we've sub-segments held through impacts a for over costs impact where chain appropriate on in are dynamic that the and period is Fresh just example supply our edges business try margin. that items.So over and of adjust X and the our to we've done negative

margin see that come is now. in to like that and particularly would improvement division starting we to through So

Operator

with from Bank Your line next comes of the America. of Junquera Christian question

Christian Junquera

basis, for Bryan. on shipments on year-over-year some you shipments price can change and price mix for this fiscal to give expectations and year? performed you have how disclose relative understand that this You your quarter Christian color consolidated don't on mix We a but us in

Rory Byrne

Yes. Price done through I has customer our little in for that been And Fresh of of reasons. a done under mean, we bit believe volumes. of in pressure good a division and we've -- Fruit well we've progress range compensated volumes. terms

is Ben's bit to terms the and demand little people lots back think challenges of have price maybe even I and families the some in inflation volume equation, of individual by going of for in question have a basic are bit little there maybe affected price been a economies going seen up who items subdued.

gains, both in hoping of terms North on we're time go And stabilize, the become seeing green Europe volume. normalize shoots front levels help can So in as volume in America. that that over current to more and that we're some

Operator

questions. now no for Rory I back Byrne turn conference are the over There closing more to remarks. will

Rory Byrne

I a think year strong what was very following from believe the XXXX. with strong how I a I we're start good Well, you. as very pleased started. on very, We XXXX very to said, Thank had

we've good right grow the debt now lots to balance I and a structure sequence of believe capital of look done. very the well And getting future measures, between think work of forward with and and be quarterly all and strong on confidence. still demonstrated our those positioned equity. continue to lot very of to we're performance We with done to So a work

to to of for today. very a you joining much. for thank Thank you us achieve all huge you all, helping you people, And thank that. very committed our So

Operator

you Ladies gentlemen, Thank for today's concludes that and call. all joining.

You may now disconnect.

Dole (DOLE) 15 May 242024 Q1 Earnings call transcript