Dole plc (NYSE: DOLE) shares surged 10.75% in pre-market trading on Tuesday, following the company's strong third-quarter earnings results and positive outlook for growth.

The fresh produce company reported a 5.8% increase in revenue on a like-for-like basis, driven by strong performance in its diversified Americas segment, particularly in North American operations. Adjusted EBITDA of $82 million was 2.3% higher than the prior year on a like-for-like basis, in line with market expectations.

Dole plc also announced plans to expand its shipping fleet by acquiring two vessels in early 2025, enhancing operational flexibility and supporting growth in key markets like avocado exports from Colombia. Additionally, the company reduced its leverage to 1.86 times and decreased its absolute debt levels by $36 million, strengthening its financial position.