USSTOCK.TODAY
Regular Market
Log in Sign up

Tejon Ranch Co. Announces Q3 Results: Improving Profitability and Pursuing Strategic Transition

The Motley Fool +1 · ·by G4L

TRC
TRC Tejon Ranch Co
$17.55 -1.13%
View chart & analysis →
  1. 1Tejon Ranch Co. is executing a strategic transition to monetize its 270,000-acre land assets.
  2. 2Net income attributable to Tejon Ranch Co. common shareholders was $3.3 million in Q3.
  3. 3Tejon Ranch Co. achieved an adjusted EBITDA of $10.4 million in Q3, nearly doubling its previous level.

So what's the key point?

Tejon Ranch Co. is changing its business model to make money from its land holdings. Profitability improved in Q3, with net income reaching $3.3 million.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Tejon Ranch faces test of recurring business growth ahead of Q3 earnings release Earnings Whispers · Oct 30Reformation Q3 Net Sales Grow 19.1% and Raises Annual Guidance The Motley Fool +1 · 5d agoCarGurus raises Q3 earnings outlook but forecasts slowing Q4 revenue growth Earnings Whispers +1 · 5d ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news