---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015510"
form_type: "8-K"
ticker: "CVGW"
cik: "0001133470"
company_name: "CALAVO GROWERS INC"
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:14:03.869139+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Calavo Q3 net income rises to $6.6M despite 24% sales drop

## Summary
- Net sales $259.9M (-24% YoY); Grown $144.5M (-30%), Prepared $115.8M (-14%).
- Gross profit $25.0M vs $18.5M; Grown gross profit up $9.6M to $21.4M, Prepared down $3.1M.
- Net income $6.6M ($0.37 diluted EPS) vs $1.3M ($0.07); adjusted net income $7.2M ($0.41) vs $2.9M ($0.16).
- Adjusted EBITDA $13.8M compared to $8.1M in prior-year quarter.

## SEC filing metadata
- accession: 0001558370-23-015510
- form_type: 8-K
- ticker: CVGW
- cik: 0001133470
- company_name: CALAVO GROWERS INC
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133470/000155837023015510/0001558370-23-015510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133470/000155837023015510/cvgw-20230906x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015510
- JSON: https://secwatch.observer/filing/0001558370-23-015510.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015510.txt

## Key facts
- Earnings Releases
  CALAVO GROWERS INC reported the fiscal third quarter ended July 31, 2023 results: revenue $259.9 million, net income $6.6 million, EPS $0.37 per diluted share.
  - Period: the fiscal third quarter ended July 31, 2023
  - Revenue: $259.9 million
  - Net income: $6.6 million
  - EPS: $0.37 per diluted share
  - Result: reported results
  source text: Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal third quarter ended July 31, 2023. Third Quarter Financial Overview ● Total net sales of $259.9 million, a 24% decrease from the prior year quarter o Grown segment net sales decreased 30% to $144.5 million o Prepared segment net sales decreased 14% to $115.8 million ● Gross profit of $25.0 million, compared to $18.5 million for the prior year quarter o Grown segment gross profit increased $9.6 million to $21.4 million o Prepared segment gross profit decreased $3.1 million to $3.7 million ● Net income of $6.6 million, or $0.37 per diluted share, compared to $1.3 million, or $0.07 per diluted share, for the same period last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837023015510/0001558370-23-015510-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.