Dole has reported higher revenues and adjusted EBITDA for the three months leading up to the end of September.

The company said its third-quarter revenues rose 4.2% to $2 billion. In comparison, its adjusted EBITDA increased by 7.6% to $85.2m, and revenue at its Fresh Fruit division decreased by 0.3% due to lower banana prices in North America.

This dip was partially offset by higher worldwide volumes of bananas sold, increased worldwide pineapple pricing, and more substantial European banana pricing.

The division's adjusted EBITDA decreased 8.6% due to lower revenue, higher fruit sourcing costs, and decreased commercial cargo activity. It was partially offset by lower shipping and logistics costs and strong pricing, excluding the impact of fuel surcharges. Meanwhile, revenue at its Diversified Fresh Produce - EMEA division rose by 12.7%, mainly driven by a favourable impact from foreign currency translation, inflation-justified price increases across the segment and a positive impact from acquisitions of $5.5m.

Adjusted EBITDA climbed by 13.8% with solid performances in Ireland, the UK, Spain and Holland, Dole added.  Revenue at its Diversified Fresh Produce - Americas & ROW division fell by 2%, or $9.8 million, on the back of lower revenue for berries in North America and lower volumes of most other commodities, partially offset by inflation-justified price increases. However, its adjusted EBITDA soared by 693% due to continued strong performance in most products it markets in North America and a favourable comparison to last year, which had a challenging end to the Chilean grapes season due to abnormal supply chain disruption.

Looking ahead, Dole said that while the wider macro-environment continues to remain complex and impacts from weather events remain unpredictable, it remains confident in the strength of its diversified supply base and the experience and quality of its operating teams across the globe to deal with challenges as they arise.

Carl McCann, Dole's Executive Chairman, said the momentum from the first half of the year has continued into the third quarter.

"We delivered another strong set of results, with revenue growth of 4.2% and adjusted EBITDA growth of 7.6%. As we move towards the end of the financial year, our strong result for the first nine months positions us to deliver a good result for the year and we are now targeting Adjusted EBITDA for 2023 of at least $365m," he added.

Dole said its third-quarter revenues rose by 4.2% to $2 billion.