March 15/Westlake Village, Calif./Business Wire -- Dole Food Company Inc. announced financial and operating results for the fourth quarter and full year ended December 31, 2011. For the fourth quarter, Dole reported Adjusted EBITDA of $53 million compared to $31 million for the fourth quarter of 2010. GAAP income from continuing operations for the fourth quarter of 2011 was $4 million, or $0.05 per share, compared to a loss of $36 million, or ($0.41) per share, in the fourth quarter of 2010. Comparable Income from continuing operations for the fourth quarter improved to a loss of $2 million or ($0.02) per share versus a loss of $31 million or ($0.35) per share in the fourth quarter of 2010 (see Exhibit 2).
For the full year, Dole reported Adjusted EBITDA of $386 million compared to $364 million in 2010. Dole reported GAAP income from continuing operations for fiscal year 2011 of $42 million or $0.47 per share, compared to a loss of $34 million or ($0.39) per share in 2010. Comparable Income from continuing operations for fiscal year 2011 was $121 million or $1.38 per share, compared to $40 million or $0.46 per share in 2010 (see Exhibit 2).