Fresh Del Monte Q4 net income $18.3M vs loss; full-year EPS $2.06, up 23% YoY

FRESH DEL MONTE PRODUCE INC

2022-FY EPS reported $2.06 revenue$4,442,300,000

Q4 net sales $1,040M (+2% YoY); gross profit $81.7M vs $39.8M; net income $18.3M vs loss of $11.2M.
Full-year net sales $4,442M (+4%); net income $98.6M vs $80.0M; diluted EPS $2.06 vs $1.68.
Banana segment Q4 gross margin improved to 9.4% from 2.5% on higher pricing and strategic sourcing.
Other products & services (ocean freight) Q4 net sales up 24% to $59.3M; gross profit $9.5M vs $2.6M.
Quarterly dividend $0.15/share declared, payable March 31, 2023; unchanged from prior quarter.

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