Calavo Q2 net loss narrows to $0.2M; revenue rises 20% YoY

CALAVO GROWERS INC

2022-Q2 EPS reported -$0.24 revenue$605,510,000

Net loss of $0.2M ($0.01 diluted loss) vs. prior-year net income of $8.8M ($0.50 diluted EPS).
Revenue of $331.4M, up 20% YoY; Fresh segment revenue up 30% to $211.0M, RFG up 6%, Foods down 4%.
Gross profit of $21.7M (6.6% margin) compared to $22.6M (8.2%) in prior year.
Adjusted net income of $5.8M ($0.33 diluted EPS) vs. $7.7M ($0.43); adjusted EBITDA $12.7M vs. $15.0M.
Sequential improvement from Q1: gross profit up $8.5M, net loss improved $3.9M, adjusted EBITDA up $7.9M.

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