Schedule of Sales and Adjusted EBITDA by Reportable Segment |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | | | | | | | | | Segment Revenue: | (U.S. Dollars in thousands) | Fresh Fruit | $ | 972,591 | | | $ | 851,451 | | | $ | 1,850,736 | | | $ | 1,675,680 | | Diversified Fresh Produce — EMEA | 1,100,797 | | | 944,851 | | | 1,992,884 | | | 1,798,449 | | Diversified Fresh Produce — Americas & ROW | 386,348 | | | 356,057 | | | 749,761 | | | 832,939 | | Total segment revenue | 2,459,736 | | | 2,152,359 | | | 4,593,381 | | | 4,307,068 | | Intersegment revenue | (31,309) | | | (28,268) | | | (65,550) | | | (61,603) | | Total consolidated revenue, net | $ | 2,428,427 | | | $ | 2,124,091 | | | $ | 4,527,831 | | | $ | 4,245,465 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | Segment Adjusted EBITDA:1 | | | | | | | | Fresh Fruit | $ | 72,756 | | | $ | 70,619 | | | $ | 136,087 | | | $ | 140,054 | | Diversified Fresh Produce – EMEA | 48,984 | | | 42,695 | | | 76,644 | | | 68,654 | | Diversified Fresh Produce – Americas & ROW | 15,378 | | | 12,107 | | | 29,209 | | | 26,812 | | Adjustments: | | | | | | | | Income tax expense | (25,504) | | | (25,460) | | | (43,082) | | | (59,861) | | Interest expense | (17,516) | | | (18,788) | | | (34,698) | | | (36,736) | | Depreciation | (26,496) | | | (22,388) | | | (51,309) | | | (44,236) | | Amortization of intangible assets | (1,737) | | | (1,886) | | | (3,468) | | | (4,159) | | Mark to market (losses) gains | (17,153) | | | 2,214 | | | (23,069) | | | 5,084 | | Gain (loss) on asset sales | 8,737 | | | — | | | 11,178 | | | (31) | | Gain on disposal of businesses | 48 | | | 1,995 | | | 409 | | | 75,945 | | Impairment of goodwill | — | | | — | | | — | | | (36,684) | | Asset write-downs, net of insurance proceeds | 3,617 | | | (147) | | | 3,617 | | | 1,699 | | | | | | | | | | Other items | (3,190) | | | 73 | | | (3,284) | | | 27 | | Items in equity method earnings: | | | | | | | | Dole’s share of depreciation | (1,793) | | | (1,491) | | | (3,460) | | | (3,471) | | Dole’s share of amortization | (131) | | | (550) | | | (357) | | | (1,103) | | Dole’s share of income tax expense | (2,263) | | | (1,694) | | | (3,430) | | | (2,261) | | Dole’s share of interest expense | (917) | | | (911) | | | (1,708) | | | (1,861) | | Dole’s share of gain on disposal of business interests | (4) | | | — | | | 7,679 | | | — | | Dole’s share of other items | 123 | | | (341) | | | 110 | | | (338) | | Income from continuing operations | 52,939 | | | 56,047 | | | 97,068 | | | 127,534 | | Gain (loss) from discontinued operations, net of income taxes | (34,950) | | | 32,018 | | | (34,920) | | | 25,967 | | Net income | $ | 17,989 | | | $ | 88,065 | | | $ | 62,148 | | | $ | 153,501 | |
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