secwatch.observer — SEC 8-K summary
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Issuer:     FRESH DEL MONTE PRODUCE INC (FDP)
CIK:        0001047340
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001047340-21-000236
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fresh Del Monte Q2 net income up 164% to $47.2M; EPS $0.99 vs $0.38; dividend raised to $0.15/share
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- Net sales increased 5% to $1,141.6M; gross profit up 40% to $110M; gross margin expanded 240 bps to 9.6%.
- Diluted EPS of $0.99 vs $0.38; adjusted EPS $0.98 vs $0.54; adjusted EBITDA $83.6M, up 32% YoY.
- Quarterly cash dividend increased 50% to $0.15/share, payable Sept 10 to holders of record Aug 18.
- Fresh and value-added segment sales up 6%, gross profit up 54%; banana gross profit up 20%, sales down 1%.
- Total debt reduced to $473.5M from $542M at year-end 2020; operating cash flow $139.5M, up from $110.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047340/000104734021000236/0001047340-21-000236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047340/000104734021000236/fdp-20210804.htm
  HTML page:      https://secwatch.observer/filing/0001047340-21-000236

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