secwatch.observer — SEC 8-K summary
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Issuer:     FRESH DEL MONTE PRODUCE INC (FDP)
CIK:        0001047340
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001047340-24-000258
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fresh Del Monte Q3: EPS $0.88 (vs $0.17); gross margin up 180bps to 9.2%; dividend raised to $0.25
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- Net income attributable to FDP $42.1M ($0.88 diluted EPS) vs $8.4M ($0.17) in prior year; adjusted net income $37.0M.
- Net sales $1,019.5M (+1.6%); fresh/value-added segment +8.7% to $623.7M; banana -10.3% to $345.3M.
- Gross profit $93.8M (+26%), margin 9.2% (up 180bps); adjusted gross profit $94.4M.
- Quarterly dividend raised to $0.25/share (from $0.20); payable Dec 6 to holders of record Nov 14.
- Long-term debt decreased to $269.6M from $401.0M (-33%); operating cash flow $187.2M YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047340/000104734024000258/0001047340-24-000258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047340/000104734024000258/fdp-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001047340-24-000258

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