Fresh Del Monte Q4 net income $20.4M, EPS $0.42; authorizes $150M buyback, dividend to $0.30

FRESH DEL MONTE PRODUCE INC

2024-FY EPS reported $2.96 revenue$4,280,200,000

Q4 net income $20.4M ($0.42 diluted EPS) vs net loss of $106.4M; adjusted operating income $17.1M.
Full-year net sales $4,280M, down 1%; gross margin improved to 8.4% from 8.1%, driven by fresh/value-added segment.
Fresh and value-added segment gross margin rose to 9.3% (6.8% prior) on higher pineapple, avocado, fresh-cut fruit sales.
Banana segment gross margin fell to 5.9% (10.0% prior) on lower North America volumes and higher costs.
Board authorized $150M share repurchase program and increased quarterly dividend to $0.30 per share.

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